1915 45TH STREET, GALVESTON, TX 77550

Homes for sale in Galveston.

Homes for sale in 77550.


Active

List Price$999,900

1915 45th Street

Galveston, TX 77550

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #56008413

5

Bedrooms

5 full

Bathrooms

11,520

Square Feet

14

Number of Units

Multi-Unit Residential

Type

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.

Property Features

Location Information

County

Galveston

Longitude

-94.814453

MLS Area

Midtown - Galveston

Subdivision

DENVER RESURVEY

Latitude

29.28495

Directions

Use your favorite GPS.

Interior Features

Total Number of Units

14

Exterior Features

Stories

2

Lot Size in Acres

0

Is New Construction

No

Lot Size in Sq. Ft.

6,000

Lot Description

Corner Lot

Is One Story

No

School

School District

Galveston

Middle School

GISD OPEN ENROLL

Elementary School

GISD OPEN ENROLL

High School

BALL HIGH SCHOOL

Additional Information

Finance Available

Cash, Investor Financing

Year Built

1970

Property Type

RI

Status

Active

Property SubType

Multi Family

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Mortgage Calculator

$4,669

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,603

Monthly Tax

$833

Monthly Insurance

$233

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

Listing Courtesy of: Urban Access Properties

© 2026 Houston REALTORS® Information Service, Inc.. All rights reserved.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Certain information contained herein is derived from information which is the property of, and copyrighted by, Houston REALTORS® Information Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the Houston REALTORS® Information Service (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HAR or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy.

HAR - Houston data last updated at July 19, 2026, 9:56 PM CT

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