809 Avenue K - Multi-Family FOR SALE


Galveston, TX 77550- San Jacinto
$1,400,000 USD
281-407-1886
809 Avenue K, Galveston, TX for Sale
$1,400,000 USD
Multi-Family - FOR SALE
1/12
null | 8.87% Cap Rate

809 Avenue K
Galveston, TX 77550
San Jacinto


HIGHLIGHTS

  • Oceanfront
  • Private Balconies
  • New Building 2026 Construction
  • New Appliances - Washer /Dryer per unit
  • No Floodzone

OVERVIEW

Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing. Luxury Meets Location Ocean Front Lofts combines contemporary luxury with exceptional proximity to Galveston's top attractions. Situated within walking distance of UTMB Hospital and the beach, these newly constructed units showcase: - Breathtaking Ocean Views for a serene living experience. - Private Balcony for each unit overlooking the Ocean - Modern Amenities including stainless steel appliances and in-unit washer-dryers. - Elegant Kitchens & Baths with chef-worthy layouts, spa-inspired rain showers, and marble finishes. Investor Highlights With limited land availability, high occupancy rates, and strong appreciation potential, Galveston offers a prime environment for multifamily investments. Ocean View Lofts provides: Consistent Rental Demand driven by local employment hubs, students and a thriving tourism industry. Competitive Rents & Tenant Retention supported by luxury features and desirable location. Turnkey Appeal with brand-new construction and upscale design that command premium returns. Whether you're looking to expand your portfolio or secure a lucrative foothold in a high-demand coastal market, this 8-unit gem presents a rare chance to capitalize on Galveston’s growth and long-term value. Completion Q4 2026

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$426 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,000

CAP RATE

8.87%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oceanfront Lofts - 809 Ave K

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,805 SF

ZONING

-

APN/PARCEL ID

5228-1000-0001-000

ASK ABOUT THIS PROPERTY

John TohmeTohme Capital LLCMore Info
281-407-1886

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John TohmeTohme Capital LLCMore Info
281-407-1886

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