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25513386
25513399

712 Avenue H, Galveston, TX 77550

RD
TX TX 9004042
Partners
Partners
SL
TX 787298
Partners
Listed by Partners
$1,699,995
307 days on market
Updated 37 days ago

712 Ball St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,700
Units 14
Cap Rate 4.69%
NOI $79,690
Occupancy 57%
Pro-Forma Cap Rate 9.14%
Pro-Forma NOI $155,425
Price per SqFt $159
Class B
Year Built 1970
Year Renovated 2024
Buildings 1
Stories 2
Lot Size (SqFt) 10,320

Completely Renovated | 14 Units | Value-Add

Marketing description

Unlock a rare multifamily investment in the heart of Galveston with this 14-unit, two-story property at 712 Ball Street. Presented exclusively by Partners, this 10,700 SF building on a 10,320 SF lot offers immediate income potential and long-term appreciation in one of Texas’ most dynamic coastal markets. Strategically located in South Galveston County, just blocks from the historic Strand District and Galveston Seawall, this property benefits from strong year-round rental demand driven by tourism, port activity, and institutional employers. The building was renovated in 2024, ensuring updated systems and reduced near-term maintenance costs. The 14 units offer a flexible mix of layouts ideal for both traditional and short-term rental strategies. Priced at $1,699,995, this opportunity is well below replacement cost and offers value-add upside through strategic management and optimization. With its prime location, recent renovations, and compelling fundamentals, 712 Ball St is an ideal addition to any multifamily or coastal investment portfolio.

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,690.00
$6,640.83/mo

Valuation Metrics

0
DSCR
4.69%
Cap Rate
4.69%
ROI

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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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