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1915 45th Street, Galveston, TX 77550

Galveston
Local realty services provided by:CENTURY 21 Judge Fite Company
1915 45th Street,Galveston, TX 77550
$999,900
  • 5 Beds
  • 5 Baths
  • 11,520 sq. ft.
  • Multi-family
  • Active
Listed by: sharlene abghary
Office: urban access properties713-269-1222
MLS#:56008413
Source:HARMLS

Price summary

  • Price:$999,900
  • Price per sq. ft.:$86.8

About this home

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.

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Home facts

  • Year built:1970
  • Listing ID #:56008413
  • Updated:July 18, 2026 at 12:14 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5
  • Full bathrooms:5
  • Living area:11,520 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1970
  • Building area:11,520 sq. ft.
  • Lot Features:Corner Lot
  • Levels:2 Stories

Schools

  • High school:BALL HIGH SCHOOL
  • Middle school:GISD OPEN ENROLL
  • Elementary school:GISD OPEN ENROLL

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$999,900
  • Price per sq. ft.:$86.8
  • Tax amount:$29,194 (2025)
Copyright 2026, Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS. HARMLS Member Broker: Ashley Conlon

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