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    New 8-Unit Apartment Building Title is generated by Realmo AI

    808 Sealy Avenue, Galveston, TX 77550

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    New
    For Sale
    $1,320,000

    MULTI_FAMILY - Galveston, TX

    Property size:
    4,000 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $330/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 808 Sealy Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    8
    Rooms
    Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 1, Bathroom 1, Bathroom 7, Bedroom 5, Bathroom 8, Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 5, Bedroom 6, Bedroom 8, Bedroom 2, Bathroom 3
    Parking
    10
    Parking features
    Covered
    Interior features
    BuiltInFeatures, DecorativeDesignerLightingFixtures, GraniteCounters, HighSpeedInternet, OpenFloorplan, Pantry, CableTv
    Appliances
    Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Washer
    Standard status
    Active
    APN
    102056
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Vinyl
    Building materials
    Frame, WoodSiding
    Roof type
    Flat

    We can help!

    Listing Contact
    Andrew Neumann

    Listing agent Andrew Neumann

    Listing office NRES Fort Worth, TX

    Listing date Jun 3, 2026

    MLS# 21288717 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Newly constructed 8‑unit multifamily in Galveston’s East End Historic District, first occupants came online in September 2025
    • Eight 1BD/1BA units, each about 500 SF, with stainless steel appliances and in‑unit washer/dryer
    • Institutional‑style safety features include fire‑rated drywall and a full fire sprinkler system
    • Elevated pier foundation with flood protection plus covered parking at grade
    • Flat roof and modern metal exterior; frame and wood siding construction
    • City water/sewer: public water and public sewer; electric HVAC with electric heating and cooling

    Overview

    Sealy Paradise Apartments is a newly constructed 8-unit multifamily property designed for low-maintenance, income-focused ownership. The building delivers eight 1-bedroom, 1-bath units, each finished with stainless steel appliances, in-unit washer and dryer, LVP flooring, and recessed lighting, along with dedicated closet space. Construction includes fire-rated drywall, thermal and sound insulation, and a full fire sprinkler system. The elevated pier foundation supports flood protection while also providing a generous covered parking area at grade. A zero-scaping, stairwell-accessed configuration helps keep common area upkeep streamlined, and city waste collection can reduce overhead.

    Located in Galveston’s East End Historic District, the property is positioned about half a mile from the beach and Seawall Boulevard. The modern, flat-roof metal exterior visually distinguishes the building within the surrounding historic streetscape.

    First occupants came online in September 2025, and the units are currently leasing with pets allowed with a deposit and lease structures that support both annual and seasonal rent increases. With institutional-quality finishes and a coastal, supply-constrained rental environment, the asset is well suited for investors seeking stable operations, practical expense management, and long-term hold potential in a resilient Texas market.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.775548
    Latitude
    29.305726

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    FAQs

    What type of property is this?
    Apartment building - Newly constructed 8-unit, 1-bedroom multifamily property with modern interiors, in-unit laundry, and fire-suppression features.
    Where is this apartment building located?
    The property is located at 808 Sealy Avenue Galveston, TX.
    What is the asking price?
    The asking price for this property is $1,320,000.
    What are key features of this property?
    This property features: Newly constructed 8‑unit multifamily in Galveston’s East End Historic District, first occupants came online in September 2025; Eight 1BD/1BA units, each about 500 SF, with stainless steel appliances and in‑unit washer/dryer; Institutional‑style safety features include fire‑rated drywall and a full fire sprinkler system
    (817) 336-5172
    We can help!
    Listing Contact
    Andrew Neumann
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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