281-407-1886
928 Ferry Rd, Galveston, TX for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

928 Ferry Rd
Galveston, TX 77550
Lindale


HIGHLIGHTS

  • Stainless Steel Appliances in Every Apartment
  • Resort-Style Swimming Pool
  • High-Speed Wi-Fi Throughout
  • Furnished Apartment Options
  • Near UTMB & Texas A&M Galveston
  • Strong Initial Market Acceptance

OVERVIEW

The Landing | 51-Unit Multifamily Investment Opportunity | Galveston, TX The Landing presents an exceptional opportunity to acquire a fully renovated, 50-unit multifamily community in Galveston, Texas. Following an extensive property-wide renovation and repositioning, the community offers modern apartment residences, resort-style amenities, and thoughtfully designed communal spaces in a desirable location near the University of Texas Medical Branch (UTMB), Texas A&M University at Galveston, downtown Galveston, and the Port of Galveston. The property has been transformed into a contemporary residential community designed to meet the needs of students, medical professionals, young professionals, and the local workforce. Since opening in July 2026, The Landing has demonstrated encouraging market acceptance, with active leasing interest and growing recognition of its upgraded residential offering. Extensive Renovation & Modern Residential Offering The Landing has undergone a comprehensive renovation, creating a refreshed residential community with modern interiors, upgraded finishes, and an extensive amenity package. The property offers a diverse unit mix consisting of studio apartments, one-bedroom residences, and two-bedroom/two-bathroom apartments, appealing to a broad range of prospective residents. Apartments feature contemporary finishes and functional layouts designed for comfortable, low-maintenance living. Optional furniture packages provide additional flexibility for students, medical professionals, and residents seeking furnished accommodations. The extensive renovation significantly reduces the need for immediate property repositioning and allows a prospective investor to focus on continued leasing, operational performance, and long-term asset management. Resort-Style Amenities & Community Features A distinguishing characteristic of The Landing is its extensive collection of amenities, offering residents a lifestyle-oriented living experience that is particularly attractive within the Galveston rental market. Community amenities include: Resort-style swimming pool and landscaped outdoor courtyard Modern fitness center Two dedicated study rooms Gaming and entertainment lounge Community kitchen and clubhouse On-site dog park Two convenient laundry facilities Covered and uncovered parking Outdoor gathering spaces and common areas High-speed Wi-Fi and comprehensive utility packages These amenities create a residential environment designed to encourage resident satisfaction, community engagement, and long-term retention while differentiating The Landing from conventional apartment offerings in the surrounding market. Strategic Galveston Location Located on Ferry Road, The Landing benefits from its proximity to several of Galveston's major employment, education, and economic centers. The University of Texas Medical Branch, one of the island's major healthcare and employment institutions, is located nearby. The community is also conveniently situated near Texas A&M University at Galveston, providing access to a substantial population of students, faculty, and university employees. The property is located along a UTMB bus route, offering additional convenience for residents commuting to campus. Downtown Galveston, the Port of Galveston, local restaurants, shopping, and the island's beaches are also easily accessible. This location supports a diverse potential resident base, including university students, healthcare professionals, traveling medical personnel, port employees, and other members of the Galveston workforce. Market Acceptance & Leasing Momentum Since its opening, The Landing has generated encouraging leasing interest, reflecting demand for its modern residential offering, extensive amenities, and convenient location. The property's combination of newly renovated apartments, flexible furnishing options, and comprehensive utility packages provides an attractive alternative to traditional apartment communities. The Landing is positioned to appeal to multiple renter demographics rather than relying exclusively on a single tenant segment. Its proximity to major educational institutions, healthcare facilities, and employment centers supports a diversified leasing strategy. The property continues to build market recognition as leasing progresses, offering a prospective purchaser the opportunity to acquire an extensively renovated community during its initial stabilization period. Investment Opportunity The Landing offers investors the opportunity to acquire a comprehensively renovated multifamily asset with an established residential offering and potential for continued operational growth. The property's extensive capital improvements, modern unit mix, and amenity package provide a foundation for ongoing leasing and long-term asset management. Potential investment considerations include continued occupancy growth, stabilization of rental income, ancillary revenue opportunities through furniture packages and covered parking, and operational efficiencies as the community matures. The Landing's combination of recent renovations, lifestyle amenities, and proximity to Galveston's major employment and educational institutions creates a distinctive multifamily investment opportunity. Additional Information The Offering Memorandum, current occupancy information, rental schedule, operating financials, and additional property details are available to qualified prospective purchasers upon request.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

51

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

2026

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,184 SF

ZONING

-

APN/PARCEL ID

0628-0037-0000-000

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.