1915 45th Street, Galveston, TX 77550

Galveston
Local realty services provided by:ERA Experts
1915 45th Street,Galveston, TX 77550
$1,375,000
  • 6 Beds
  • 5 Baths
  • 11,520 sq. ft.
  • Multi-family
  • Active
Listed by: sharlene abghary
Office: urban access properties
MLS#:25533848
Source:HARMLS

Price summary

  • Price:$1,375,000
  • Price per sq. ft.:$119.36

About this home

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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Home facts

  • Year built:1970
  • Listing ID #:25533848
  • Updated:March 12, 2026 at 11:45 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:11,520 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1970
  • Building area:11,520 sq. ft.
  • Levels:2 Stories

Schools

  • High school:BALL HIGH SCHOOL
  • Middle school:GISD OPEN ENROLL
  • Elementary school:GISD OPEN ENROLL

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$1,375,000
  • Price per sq. ft.:$119.36
  • Tax amount:$29,194 (2025)
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