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New
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$1,375,000

For Sale

A day ago

MLS® 25533848

6 Bed

5 Bath

11520 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 11520 sqft
Garage No
Taxes $29,194
Days Active 1
Lot Size 0.1377 acres
Approx. Age 1970
Avg. Price Per Sqft $119
MLS® Number 25533848

Property Address: 1915 45th Street, Galveston, TX, 77550

Average square foot calculated using Size range provided by listing agent.

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, additional detached residential structures, rear storage income, and four commercial storefronts with a strong history of long-term tenancy. The property produces approximately $196, 800 in projected annual gross income with a pro forma cap rate of about 10.8%. 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.
MLS® Number25533848
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1377
Exterior
GarageNo
Approx. Age1970
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$1,375,000List Price
  • Commute

Commute

Starting Address
Destination Address
1915 45th Street, Galveston, TX

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