Mixed-Use Property With
For Sale
$999,900
1915 45th Street, Galveston, TX 77550
Seven residential units complement four commercial storefronts in a diversified income-producing configuration.
Property Size11,520 SF
Price / SF$86.80
Days on Market47
Property Features for 1915 45th Street
General Information
Standard status
Active
Size
11,520 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$29,194
Amenities
Yes
5
Appraiser
Corner Lot
6000
11520
Building Details
Building Size
11,520 SF
Year Built
1970
Stories
2
Listing Agency:
Porch Swing Real Estate Group, LLC
(972) 489-6694
Listed By:
Kimberly Saward · License #0645430
(972) 489-6694
Source:
Garygreene
Added: Jul 17
Changed: Aug 30
Last Checked: Aug 31 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Porch Swing Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Built in 1970, this mixed-use property contains 11,520 square feet with seven residential units and four commercial storefronts. The combination creates separate residential and commercial income components within one asset. Several commercial tenants have remained in place since 2010, providing an established tenancy history.
Located at 1915 45th Street in Galveston, Texas, the property occupies a corner lot. The stated pro forma cap rate is about 10%, while underwriting that includes vacancy and repair reserves indicates performance near a 9% cap rate. The property is available for sale and may suit buyers seeking a mixed-use asset with both residential and storefront components.
Located at 1915 45th Street in Galveston, Texas, the property occupies a corner lot. The stated pro forma cap rate is about 10%, while underwriting that includes vacancy and repair reserves indicates performance near a 9% cap rate. The property is available for sale and may suit buyers seeking a mixed-use asset with both residential and storefront components.
Key Highlights
- Seven residential units
- Four commercial storefronts
- 11,520 square feet on a corner lot
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 77550, TX
24,247
Population
15,811
Households
1.5
Avg Household Size
41
Median Age
33%
College-Educated
87%
High-School Grad
7.6 sq mi
ZIP Area
3,190
Density / Sq Mi
$46,262
Median Household Income
$35,800
Median Earnings
$1,182
Median Rent
$283,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven residential units complement four commercial storefronts in a diversified income-producing configuration.
Where is this mixed-use property located?
The property is located at 1915 45th Street Galveston, TX.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Seven residential units; Four commercial storefronts; 11,520 square feet on a corner lot
