525 11TH ST, GALVESTON, TX 77550

Positioned in the heart of Galveston's highly sought-after East End, 525 11th Street presents a rare opportunity to acquire a fully occupied 10-unit townhome community with immediate cash flow and substantial upside potential. Located just blocks from UTMB, one of the island's largest employers, the property benefits from consistent demand from medical professionals, residents, students, nurses, and other working professionals seeking housing near campus and downtown Galveston.

The gated community consists of ten 2-bedroom, 1.5-bath townhome-style units offering approximately 9,600 square feet of improvements on a 10,193 square foot corner lot. Residents enjoy private entrances, functional floor plans, community laundry facilities, landscaped common areas, and 9 covered parking spaces, amenities that support tenant retention and long-term occupancy.

Recent capital improvements include six HVAC replacements, a new water heater installed in 2026, updated kitchens, countertops, flooring, and renovations completed in five units. The remaining five units provide a clear value-add opportunity through continued interior upgrades and the potential addition of in-unit laundry connections.

Currently generating approximately $182,100 in annual gross income with a reported NOI of approximately $138,662, the property offers a current cap rate of approximately 6.03%. Ownership projects the opportunity to increase annual income to approximately $216,000 and NOI to approximately $172,562 through strategic improvements and rental growth.

Combining stable in-place income, a premier location near UTMB, recent capital improvements, and a proven path to increased revenue, 525 11th Street offers investors a compelling multifamily opportunity in one of Galveston's strongest rental corridors.