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Income-producing 4-unit property in prime Galveston with $112,396 documented 2-year gross rental income. Large 1900 storm survivor converted into 2 studio apartments, a 1 large bedroom apartment, and a 2 bedroom apartment. High ceilings, original wooden floors, and a double gallery across the front. Each unit is fully furnished with STR history, adaptable to long-term rental strategy, and perfect for investors, 1031 buyers, or portfolio expansion. Walking distance to the beach, and within one mile to UTMB and The Strand HIstoric District. Income/expense reports available for this turnkey revenue opportunity! Heating and cooling by individual window units and space heaters. Ask to take a look at this grand old lady of a building. As it is an operating business, not all units may be available to see at any one time, and appointments must be confirmed.
| DAYS ON MARKET | 2 | LAST UPDATED | 3/2/2026 |
|---|---|---|---|
| TRACT | Galveston Outlots | YEAR BUILT | 1950 |
| COMMUNITY | 33 | COUNTY | Galveston |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Gisd Open Enroll |
|---|---|
| Jr. High School | Gisd Open Enroll |
| High School | Ball High School |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33 |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Balcony |
| HEAT | Space Heater |
| LOT | 3855 sq ft |
| STORIES | 2 |
| SUBDIVISION | Galveston Outlots |
| UTILITIES | Natural Gas Connected, Water Connected |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker TGRE
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