1915 45th St, Galveston, TX 77550
- Beds
- 5
- Baths
- 5
- Sqft
- 11,520
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Overview
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
Full feature list
Basic info
- Property type
- Other residential
- Number of stories
- 2
- Number of bedrooms
- 5
- Number of bathrooms
- 5
- Square feet
- 11,520
- Lot size (acres)
- 0.14
- Year built
- 1970
Utilities
- Heating
- Natural Gas
- Cooling
- Electric
Taxes
- Tax Annual Amount (2025)
- $29,194
Public schools
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Sourced from: Houston Association of Realtors MLS®#: 56008413 Last checked: …

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