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32287097
32287096

809 Ave K, Galveston, TX 77550 For Sale

JA
TX TX1234, TX TX12345
MORE Realty Group LLC
Listed by MORE Realty Group LLC
$1,400,000
44 days on market
Updated 44 days ago

Oceanfront Lofts - 809 Ave K

Details
Property Type Retail, Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 2,608
Net Rentable (SqFt) 2,608
Beds 8
Cap Rate 8.87%
NOI $124,200
Occupancy 100%
Class B
Year Built 2026
Buildings 1
Stories 3
Lot Size (SqFt) 2,570
Occupancy Date 11/01/2026
Ground Lease No

Oceanfront 2026 Development - New Construction with Oceanviews

Marketing description

Discover a Rare Investment Opportunity in Galveston – Ocean Front Lofts

Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing.

Luxury Meets Location

Ocean Front Lofts combines contemporary luxury with exceptional proximity to Galveston's top attractions. Situated within walking distance of UTMB Hospital and the beach, these newly constructed units showcase:

  • Breathtaking Ocean Views for a serene living experience.

  • Private Balcony for each unit overlooking the Ocean

  • Modern Amenities including stainless steel appliances and in-unit washer-dryers.

  • Elegant Kitchens & Baths with chef-worthy layouts, spa-inspired rain showers, and marble finishes.

Investment highlights

Investor Highlights

With limited land availability, high occupancy rates, and strong appreciation potential, Galveston offers a prime environment for multifamily investments. Ocean View Lofts provides:

  • Consistent Rental Demand driven by local employment hubs, students and a thriving tourism industry.

  • Competitive Rents & Tenant Retention supported by luxury features and desirable location.

  • Turnkey Appeal with brand-new construction and upscale design that command premium returns.

Whether you're looking to expand your portfolio or secure a lucrative foothold in a high-demand coastal market, this 8-unit gem presents a rare chance to capitalize on Galveston’s growth and long-term value.

Completion Q4 2026

Listing Contacts

JA
TX TX1234, TX TX12345
MORE Realty Group LLC
Listed by MORE Realty Group LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$124,200.00
$10,350.00/mo

Valuation Metrics

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DSCR
8.87%
Cap Rate
8.87%
ROI

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Additional Information

Name
James A
License
TX1234
Brokerage
MORE Realty Group
Brokerage Phone
8324528403
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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