Listed by Partners
$899,995
4217 Sealy St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,120
Units 12
Cap Rate 4.85%
NOI $43,642
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9.88%
Pro-Forma NOI $88,952
Price per SqFt $99
Class C
Year Built 1965
Year Renovated 2022
Buildings 1
Stories 2
Lot Size (SqFt) 7,200
Investment Type Value Add
Fully renovated opportunity with great value add potential in a thriving coastal market
Marketing description
- 12-unit multifamily asset located at 4217 Sealy Street in Galveston
- Two-story, 9,120 SF building with functional unit layouts
- Built in 1965 with renovations completed in 2024
- Located on a 7,200 SF lot in a strong coastal market
- Minutes from the Galveston Seawall, University of Texas Medical Branch, and downtown Galveston
- Positioned in a high-demand rental area with access to employment, entertainment, and tourism drivers
- Flexible use potential for both long-term and short-term rental strategies
Investment highlights
- Immediate equity upside at current basis
- Value-add opportunity through interior upgrades and operational efficiencies
- Renovated asset with reduced near-term capital expenditure risk
- Strong rental demand supported by Galveston’s resilient market fundamentals
- Multiple exit strategies: stabilize for cash flow or reposition for increased returns
- Attractive entry point for investors seeking scale, affordability, and growth potential
Listing Contacts
Listed by Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,642.00
$3,636.83/mo
Valuation Metrics
0
DSCR
4.85%
Cap Rate
4.85%
ROI
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