1915 45th ST Galveston, TX 77550 New
UPDATED: 06/19/2026 06:52 PM ON MARKET: 2 days on market
$999,990
5 Beds5 Baths11,520 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $86
Subdivision Denver Resurvey
MLS Listing ID 82120483
Bedrooms 5
Full Baths 5
HOA Y/N No
Year Built 1970
Annual Tax Amount $29,194
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, and four commercial storefronts with a strong history of long-term tenancy. The property producing income with a pro forma cap rate of about 10%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.
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