Value-Add Multifamily Apartment
8020 Stewart Rd Galveston, TX 77551
New
For Sale
$500,000
Gulfwind Apartments offers 66 units in three two-story buildings with on-site parking and pool areas.
Property Size59,850 SF
Lot Size1.74 Acres
Price / SF$8.35
Days on Market5
Property Features for 8020 Stewart Rd
General Information
Standard status
Active
Size
59,850 SF
Lot size
1.74 Acres
Property subtype
Multifamily Vacant-User
Listing Agency:
Fort Lauderdale Office
(954) 245-3422
Listed By:
Adam Sklaver · License #License(s): FL: SL3429070
(954) 245-3422
Source:
Marcusmillichap
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 3:33AM
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 Fort Lauderdale Office
Investment Insights
Based on property information with market context.
Gulfwind Apartments is a multifamily community built in 1969, offering 66 units across three two-story apartment buildings. The mix includes (25) 1-bedroom, (28) 2-bedroom, and (13) 3-bedroom apartments, with an average unit size of approximately 907 square feet. The property also includes on-site parking and pool areas, and the buildings are elevated/stilt construction designed to reduce exposure to storm-surge and flood-related risk.
The community is located at 8020 Stewart Road in Galveston, Texas, along Stewart Road with multiple street frontages and an approximate one-block distance to Galveston Beach. The site is positioned near retail, schools, and neighborhood services, and is described as being close to major tourism and employment demand drivers tied to the island’s economy.
The property currently reports 7.58% occupancy and is presented as a value-add opportunity with an emphasis on lease-up, targeted renovations, unit restoration, and operational stabilization.
The community is located at 8020 Stewart Road in Galveston, Texas, along Stewart Road with multiple street frontages and an approximate one-block distance to Galveston Beach. The site is positioned near retail, schools, and neighborhood services, and is described as being close to major tourism and employment demand drivers tied to the island’s economy.
The property currently reports 7.58% occupancy and is presented as a value-add opportunity with an emphasis on lease-up, targeted renovations, unit restoration, and operational stabilization.
Key Highlights
- Gulfwind Apartments includes 66 units across three two‑story apartment buildings totaling approx. 59,850 net rentable SF.
- Built in 1969 on a ±1.74‑acre site with on‑site parking, pool areas, and multiple street frontages.
- Unit mix: (25) 1‑bed, (28) 2‑bed, and (13) 3‑bed; average unit size approx. 907 SF.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Gulfwind Apartments offers 66 units in three two-story buildings with on-site parking and pool areas.
Where is this apartment building located?
The property is located at 8020 Stewart Rd Galveston, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Gulfwind Apartments includes 66 units across three two‑story apartment buildings totaling approx. 59,850 net rentable SF.; Built in 1969 on a ±1.74‑acre site with on‑site parking, pool areas, and multiple street frontages.; Unit mix: (25) 1‑bed, (28) 2‑bed, and (13) 3‑bed; average unit size approx. 907 SF.
