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Peyo Rubio

peyo@texasgrand.homes +1(281) 771-7200

$ 999,900

Est. payment -/mo

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New

1915 45th ST Galveston, TX 77550

5 Beds

5 Baths

11,520 SqFt

UPDATED:

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 56008413

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.

Location

State TX

County Galveston

Area Midtown - Galveston

Interior

Heating Central, Gas

Cooling Central Air, Electric

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available

Roof Type Composition

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Level or Stories Two

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 2965-0109-0013-000

Acceptable Financing Cash, Investor Financing

Listing Terms Cash, Investor Financing

Houston Realtors Information Service / HAR MLS

Listed by Urban Access Properties Sharlene Abghary

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

+1(281) 771-7200

peyo@texasgrand.homes

https://www.har.com/pompello-rubio/agent_peyor

29519 W Hawthorne Dr, Spring, TX, 77386-2182, USA