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The Mendez Team Steve & Marisol

marisol@ameristaterealty.com +1(832) 298-0151

$750,000

Est. payment - /mo

7 Baths

5,588 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 5,588 sqft

Price per Sqft $134

Subdivision Galveston Townsite

MLS Listing ID 54271658

Full Baths 7

HOA Y/N No

Year Built 1950

Annual Tax Amount $10,724

Tax Year 2025

Property Sub-Type Detached

Property Description

Offered below recent appraisal, this well-located 9-unit multifamily property presents an exceptional investment opportunity on Galveston Island. The property is 100% occupied and offers immediate upside through rent escalations and optimization. Unit mix includes seven individual, free-standing 2-bedroom/1-bath structures plus one elevated duplex. All 7 units are situated on one parcel, and the duplex is located on the adjoining parcel. Providing strong income potential and long-term stability, this complex is ideally positioned on the north side of the Island, just 2 blocks from the major thoroughfare of Broadway Avenue, and 3 blocks from Harborside Drive. The Port of Galveston and the Texas A&M - Galveston campus are also conveniently nearby. Ample off-street parking is a rare Island amenity that further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale and court approval required. Proof of funds required before initial showing.

Location

State TX

County Galveston

Area Downtown - Galveston/The Strand

Interior

Heating Other

Cooling Other

Fireplace No

Exterior

Roof Type Composition

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Schools

Elementary Schools Gisd Open Enroll

Middle Schools Gisd Open Enroll

High Schools Ball High School

School District 22 - Galveston

Others

Tax ID 3505-0337-0004-001

Special Listing Condition Estate

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Houston Realtors Information Service / HAR MLS

Listed by Joe Tramonte Realty, Inc. Hudson Holmes

Nearby Locations

The Mendez Team Steve & Marisol

Broker | License ID: 556491

+1(832) 298-0151 | marisol@ameristaterealty.com

3705 Winnie Galveston, TX 77550

The Mendez Team Steve & Marisol

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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