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ActiveMLS# c87ff0cc4c412feb35b40db4d79a23074 days on market
$999,900.00
$87 / sq ft
1915 45th Street, Galveston TX 77550
Galveston, TX, 77550
5Bedrooms
5Bathrooms
11,520Sq Ft
1970Year Built
About This Property

Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, and four commercial storefronts with a strong history of long-term tenancy. The property producing income with a pro forma cap rate of about 10%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.

0.138 Acres Lot
Built in 1970

Listing information © 2026 Miami MLS. Information deemed reliable but not guaranteed. This listing is represented by TruDeals Realty at 0.5% seller commission. Buyer's agent commission is separate and negotiable.

$999,900.001915 45th Street, Galveston TX 77550, Galveston, TX
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