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Upscale Real Estate Services

info@upscalerealestateservices.com +1(832) 786-9201

$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

"At Upscale Real Estate Services, we are committed to guiding our clients in the Greater Houston area towards successful real estate investments and ownership. Our focus is on fostering generational wealth with personalized, expert advice. As a woman and minority broker-owned firm, we ensure each client achieves their real estate ambitions with confidence, striving to be their trusted advisors in building lasting legacies."

+1(832) 786-9201

info@upscalerealestateservices.com

10707 Corporate Dr, Stafford, TX 77477, USA

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3705 Winnie Galveston, TX 77550