Galveston Portfolio
High-occupancy, newly built East End Galveston multifamily investment portfolio / 8.40% CAP
Marketing description
East End Galveston Multifamily Portfolio
We are pleased to present a rare opportunity to acquire a portfolio of 7 multifamily properties located in the highly
desirable East End of Galveston. This collection features a mix of multiple floor plans across prime locations, offering
both diversity and stability for investors.
All properties are either brand-new builds or have undergone full rehabilitations within the past two years, with select
units still under construction and nearing completion. Each building has been thoughtfully upgraded with modern
finishes, new appliances, and high-quality systems, minimizing future capital expenditures for ownership.
The portfolio benefits from 100% occupancy, supported by strong tenant demand in proximity to UTMB, the beach,
and Galveston’s vibrant retail and dining corridors. With no deferred maintenance, minimal operating risk, and
excellent cash flow potential, this offering represents an outstanding long-term investment opportunity in one of
Texas’ most resilient coastal markets.
Investment highlights
1811 21st street, Galveston, TX 77550
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,715
Net Rentable (SqFt) 4,715
Units 8
Cap Rate 8.68%
NOI $103,311
Occupancy 100%
Year Renovated 2024
Buildings 2
Stories 2
Lot Size (SqFt) 4,494
Investment Type Stabilized
Occupancy Date 09/01/2025
Sale Condition For sale by owner
624 Avenue H, Galveston, TX 77550
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 2,436
Units 8
Cap Rate 10%
NOI $110,000
Class A
Year Built 2025
Buildings 1
Stories 2
Occupancy Date 08/15/2025
Sale Condition For sale by owner
1322 Ave L, Galveston, TX 77550
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,780
Units 7
Cap Rate 9.13%
NOI $98,541
Year Built 1955
Year Renovated 2023/2024
Lot Size (SqFt) 5,136
Parking Spaces 4 spaces
Occupancy Date 08/29/2025
2115 Broadway, Galveston, TX 77550
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 4,915
Net Rentable (SqFt) 4,915
Units 8
Cap Rate 8.01%
NOI $104,100
Occupancy 100%
Year Renovated 2023
Buildings 2
Stories 2
Lot Size (SqFt) 10,272
Parking Spaces 12 spaces
Parking Per SqFt 2.44
Investment Type Stabilized
Occupancy Date 08/26/2025
609 Sealy Street, Galveston, TX 77550
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,923
Units 6
Cap Rate 7.76%
NOI $85,400
Occupancy 100%
Year Built 1970
Year Renovated 2023
Buildings 3
Stories 2
Occupancy Date 10/03/2025
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