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26517026
26517057

725 Broadway Avenue J, Galveston, TX 77550

RD
TX TX 9004042
Partners
Partners
SL
TX 787298
Partners
Listed by Partners
$1,800,000
287 days on market
Updated 70 days ago

717-725 Broadway

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,400
Units 16
Occupancy 69%
Pro-Forma Cap Rate 6.24%
Pro-Forma NOI $112,332
Price per SqFt $145
Class C
Year Built 1971
Year Renovated 2024
Buildings 2
Stories 2
Lot Size (SqFt) 15,480

Multifamily | 16 Units

Marketing description

Partners is pleased to present the opportunity to own a 16-unit multifamily property with a historic charm at 717-725 Broadway St, Galveston, TX. This property is located just a block away from Stewart Beach and nearby the University of Texas Medical Branch (UTMB), the Shriner’s Hospital for Children, and the Port of Galveston Cruise Terminal. This property contains a unique mix of 10 efficiency units and 2 smaller 1/1 units in the building on 725 Broadway, and 4 larger 1/1 units in the 717 Broadway building. All the units at 717 Broadway still have the original hardwood flooring and have undergone renovations to the common area as well. Units in both buildings have had complete renovations to the kitchens in 2021 & 2025 with new flooring, appliances, and counter tops. This unique property that blends with the Victorian-era charm of Galveston and proximity to major job centers provide an attractive investment opportunity for a new operator.

Listing Contacts

RD
TX TX 9004042
Partners
Partners
SL
TX 787298
Partners
Listed by Partners

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Additional Information

Name
Ryan DeGennaro
License
TX 9004042
Brokerage Phone
7133167059
Brokerage Address
5847 San Felipe Street
Name
Charles Peckham
License
833138
Brokerage
Partners Real Estate
Brokerage Phone
713-316-7049
Title
Associate
Name
Scott Lunine
License
787298
Brokerage
Partners Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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