$999,900
5 Bed
5 Bath
11,520 Sqft

1915 45th Street, Galveston, Texas 77550

  • Residential Income Property Type
  • 11,520 Sqft Square Footage
  • 1970 Year Built
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.

Basic Details
Residential Income
For Sale
56008413
$999,900
5
5
11,520 Sqft
1970
5
Multi Family
: Composition
Active
$0
Features
: Central, Gas
: Central Air, Electric
: Cable Available, Water Available, Electricity Available, Natural Gas Available
$0
Address Map
TX
Galveston
Galveston
77550
45th
1915
Street
W95° 11' 8''
N29° 17' 5.8''
Use your favorite GPS.
33
Neighborhood
GISD OPEN ENROLL
22 - Galveston
BALL HIGH SCHOOL
22 - Galveston
22 - Galveston
GISD OPEN ENROLL
MLS Addon
Urban Access Properties
Sharlene Abghary
$0
$0
$0
$0
$0
Additional Information
11520
: Two
: Corner Lot
14
2026-07-17
2
Financial
29194.0
Listing Information
SHAR
URAC01
Cash, Investor Financing
Active
2026-07-22T01:44:09Z
HAR
2026-07-17T17:25:17Z
Speer Companies Brokerage
Speer Companies Brokerage
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