1915 45th Street
Galveston, TX 77550
6
Bed
5
Bath
11,520Sqft
0.28Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 5 Full Baths: 5 -
Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Electric
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Building Information
Year Built: 1970 Building Area Total: 11520 Stories: 2 Private Pool: No
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Lot Information
Main Square Feet: 0.2755 Acres Lot Size Acres: 0.2755 Lot Size Square Feet: 12000Property Information
Subdivision: Denver Resurvey Source Property Type: Residential Income Postal Code Plus 4: 6544 Property SubType: Multi Family Property Age: 56
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Listing Price Information
Listing Price: $1375000 Cash
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Tax Information
Parcel Number: 296501090013000 Tax Year: 2025 Annual Tax: $29194 Tax Legal Desc: ABST 628 M B MENARD SUR LOTS 13 & 14 BLK 109 DENVER RESURVEY
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School Information
Elementary School: Gisd Open EnrollJunior High School: Gisd Open EnrollSenior High School: Ball High School -
Utility Information
Cable Connected, Natural Gas Connected, Water Connected -
Location Information
Direction: Use your favorite GPS.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 516 Holiday Drive, Galveston, TX, 77550 | $2,500,000 | 3 | 2 | 12,686 | 12,686 SqFt |
| 609 Sealy Avenue, Galveston, TX, 77550 | $399,999 | 2 | 1 | 1,300 | 1,300 SqFt |
| 609 Sealy Street #REAR, Galveston, TX, 77550 | $639,000 | 2 | 2 | 1,623 | 1,623 SqFt |
| 624 Avenue H, Galveston, TX, 77550 | $1,100,000 | 1 | 1 | 2,588 | 2,588 SqFt |
| 916 Sealy Street, Galveston, TX, 77550 | $375,000 | -- | 5 | 1,838 | 1,838 SqFt |
| 1002 Sealy Street, Galveston, TX, 77550 | $400,000 | -- | 2 | 2,680 | 2,680 SqFt |
| 1411 12th Street, Galveston, TX, 77550 | $715,000 | -- | -- | 1,780 | 1,780 SqFt |
| 915 11th Street, Galveston, TX, 77550 | $350,000 | -- | -- | 2,306 | 2,306 SqFt |
| 1108 Broadway Street, Galveston, TX, 77550 | $699,000 | 1 | 1 | 3,828 | 3,828 SqFt |
| 1101 Church Street, Galveston, TX, 77550 | $394,500 | 4 | 3 | 1,992 | 1,992 SqFt |
Similar Multifamily To 1915 45th Street
Nearby For Sale
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ByOwner last updated this listing 06/17/2026 @ 01:18
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