1915 45th St, Galveston, TX 77550

Beds
5
Baths
5
Sqft
11,520

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Listed byUrban Access Properties
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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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