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1915 45th St

Galveston, TX 77550
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11,520 Sqft
6,000 Lot Sqft
Multi-Family

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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, 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.

MLS#
25533848
List Price
$1,375,000 ($119/Sqft.)
Listing Status
For Sale
Address
1915 45th St
City
Galveston
State
TX
Zip Code
77550
County
Galveston County
Legal Description
ABST 628 M B MENARD SUR LOTS 13 & 14 BLK 109 DENVER RESURVEY
Property Type
Multi-Family
Stories
2
Building Size
11,520 Sqft/Appraisal District
Year Built
1970 /Appraisal District
Lot Size
6,000 Sqft/Appraisal District
Key Map©
774U
Market Area

Exterior

Roof
Composition

Financial information

Financing Considered
Cash Sale, Investor
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$29,194/2025
Tax Rate
1.719

Extra details you may need to know

List Type
Exclusive Right to Sell/Lease

Interior

Cooling
Central Electric
Heating
Central Gas

Rooms

1 Bdr #
2
2 Bdr #
5

Lot Information

Lot Size
6,000 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Listing Broker

Information source

Houston Association of REALTORS®
Source last updated Apr 15, 2026 at 01:18 PM
Listing last updated Mar 06, 2026 at 05:27 PM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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