2115 Broadway St - Apartments FOR SALE


Galveston, TX 77550- Downtown Galveston
$1,299,000 USD
281-407-1886
2115 Broadway St, Galveston, TX for Sale
$1,299,000 USD
Apartments - FOR SALE
1/12
null | 8.02% Cap Rate

2115 Broadway St
Galveston, TX 77550
Downtown Galveston


HIGHLIGHTS

  • fully leased
  • hardwood floor
  • central location
  • commercial tenant with long term lease

OVERVIEW

Prime Galveston Investment – Fully Leased Mixed-Use Property on Broadway Exceptional income-producing opportunity in the heart of Galveston! This beautifully renovated 2023 property features 7 fully leased residential units and a longstanding, successful gym tenant—offering both immediate cash flow and long-term appreciation potential. The building combines historic charm with modern upgrades, boasting refinished hardwood floors, exposed ceilings, and high-quality finishes throughout. Its high-visibility Broadway location places it just minutes from the Seawall, UTMB, downtown Galveston, and the island’s premier dining, retail, and entertainment destinations. Highlights: Fully occupied—stable tenant mix with proven income stream Recent full renovation (2023) minimizing near-term capital needs Excellent location with strong rental demand Turnkey asset ideal for both seasoned investors and 1031 exchanges This is a rare chance to own a high-performing, low-maintenance property in one of Galveston’s most desirable corridors.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$303 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,375

CAP RATE

8.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

Commercial

APN/PARCEL ID

3505-0141-0004-000

ASK ABOUT THIS PROPERTY

John TohmeTohme Capital LLCMore Info
281-407-1886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John TohmeTohme Capital LLCMore Info
281-407-1886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.