Listed price in listed location currency (USD).
$999,990

550

MLS® 82120483

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 11520 sqft
Garage 
Taxes $29,194
Days Active 2
Lot Size 0.2755 Acres
Approx. Age 1970
Avg. Price Per Sqft $86
MLS® Number 82120483

Property Address: 1915 45th St, Galveston, TX, 77550-6544

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, 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.
MLS® Number82120483
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1970
Basement
Driveway
Garage Spaces
HeatNatural Gas
A/CElectric

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 19, 2026List Date
$999,990List Price
  • Commute

Commute

Starting Address
Destination Address
1915 45Th St, Galveston, TX

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