717 Broadway St - Apartments FOR SALE


Galveston, TX 77550- East End Historic District
$1,800,000 USD
713-316-7049
717 Broadway St, Galveston, TX for Sale
$1,800,000 USD
Apartments - FOR SALE
1/101
null | Request Cap Rate

717 Broadway St
Galveston, TX 77550
East End Historic District


OVERVIEW

Partners is pleased to present the opportunity to own a 16-unit multifamily property with a historic charm at 717-725 Broadway St, Galveston, TX. This property is located just a block away from Stewart Beach and nearby the University of Texas Medical Branch (UTMB), the Shriner’s Hospital for Children, and the Port of Galveston Cruise Terminal. This property contains a unique mix of 10 efficiency units and 2 smaller 1/1 units in the building on 725 Broadway, and 4 larger 1/1 units in the 717 Broadway building. All the units at 717 Broadway still have the original hardwood flooring and have undergone renovations to the common area as well. Units in both buildings have had complete renovations to the kitchens in 2021 & 2025 with new flooring, appliances, and counter tops. This unique property that blends with the Victorian-era charm of Galveston and proximity to major job centers provide an attractive investment opportunity for a new operator.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

16

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,464 SF

ZONING

BUF

APN/PARCEL ID

3505-0127-0001-000

ASK ABOUT THIS PROPERTY

Charles PeckhamPartnersMore Info
713-316-7049

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Charles PeckhamPartnersMore Info
713-316-7049

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