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$1,375,000
78 Days On Site

1915 45th Street
Galveston, TX 77550

For Sale|Multi Family|Active
6
Beds
5
Total Baths
5
Full Baths
11,520
SqFt
$119
/SqFt
1970
Built
Subdivision:
Denver Resurvey
County:
Galveston
Call Now: 346.202.7307
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346.202.7307
1915 45th Street1915 45th Street1915 45th Street1915 45th Street
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Monthly Payment (Est.)

$6,273
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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.

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Listing Snapshot
Price 
$1,375,000
Days On Site 
78 Days
Bedrooms 
6
Inside Area (SqFt) 
11,520 sqft
Total Baths 
5
Full Baths 
5
Partial Baths 
N/A
Lot Size 
0.1377 Acres
Year Built 
1970
MLS® Number 
25533848
Status 
Active
Property Tax 
$29,194
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.1377
Disclosures 
No Disclosures
Lease Term 
Month To Month
Property Sub Type 
Multi Family
SqFt Total 
11520
Utilities 
Cable ConnectedNatural Gas ConnectedWater Connected
Interior Features
Cooling 
Electric
Heating 
Natural Gas
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Exterior Features
Roof 
Composition
Community Features
Financing Terms Available 
Cash
MLS Area 
33
School District 
22 - Galveston
Schools
School District
22 - Galveston
Elementary School
Gisd Open Enroll
Middle School
Gisd Open Enroll
High School
Ball High School
Listing courtesy of Urban Access Properties [email protected]

IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

Data provided by HAR.com © 2026. All information provided should be independently verified.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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