Properties

Galveston, TX 77550 1915 45th Street

1915 45th Street Galveston, TX - Image 11915 45th Street Galveston, TX - Image 21915 45th Street Galveston, TX - Image 3
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Presented By: Urban Access Properties;
  • MLS# 25533848
  • 03/06/2026
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  • Beds • 6
  • Baths • 5
  • SQFT • 11,520

Home Details

Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, additional detached residential structures, rear storage income, and four commercial storefronts with a strong history of long-term tenancy. The property produces approximately $196,800 in projected annual gross income with a pro forma cap rate of about 10.8%. 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.
Presented By: Urban Access Properties;

Interior Features for 1915 45th Street

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths5

Other Interior Features

LivingAreaSourceAppraiser
Air Conditioning Y/NYes
Heating Y/NYes

General for 1915 45th Street

CityGalveston
CoolingCentral Air, Electric
CountyGalveston
DirectionsUse your favorite GPS.
DisclosuresNone
Elementary SchoolGISD OPEN ENROLL
Elementary School District22 - Galveston
Full Baths5
HeatingCentral, Gas
High SchoolBALL HIGH SCHOOL
High School District22 - Galveston
Legal DescriptionABST 628 M B MENARD SUR LOTS 13 & 14 BLK 109 DENVER RESURVEY
LevelsTwo
Lot Size UnitsSquare Feet
MLS Area33
MLS Area MinorMidtown - Galveston
Middle/Junior High SchoolGISD OPEN ENROLL
Middle/Junior School District22 - Galveston
ModificationTimestamp2026-03-06T23:13:31.787-00:00
New ConstructionNo
Number Of Units Total14
PostalCityGalveston
Property SubtypeMulti Family
Property TypeResidential Income
RoofComposition
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameDENVER RESURVEY
Tax Annual Amount29194
Tax Year2025
UtilitiesCable Available, Electricity Available, Natural Gas Available, Water Available
Year Built1970
Year Built SourcePublic Records

Exterior for 1915 45th Street

Building Area Total11520
Lot Size Area6000
Lot Size SourceAppraiser

Additional Details

Price History

Connect Realty

Price $1,375,000
MLS#25533848
List Date 03/06/2026
Property Type Multi-Family
Phone 888.795.6274
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info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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