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1915 45th Street
Galveston TX 77550 US

$1,375,000

Active Listing ID 25533848
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6 bed
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5.00 Bath (5 Full)
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Lot: 0.14 Acres
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Other

$1,375,000

Active Listing ID 25533848
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1915 45th Street Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, additional detached residential structures, rear storage income, and four commercial storefronts with a strong history of long-term tenancy. The property produces approximately $196, 800 in projected annual gross income with a pro forma cap rate of about 10.8%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.

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Property Features

  • Facts
  • Lot Size: 0.14 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 5
  • Cooling System: Electric, Central Air
  • Roof Type: Composition
  • Heating Fuels: Central, Natural Gas

School Information

  • School
  • GISD OPEN ENROLL(Elementary)
  • GISD OPEN ENROLL(MiddleSchool)
  • BALL HIGH SCHOOL(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1375000
  • unparsedaddress: 1915 45th Street
  • postalcity: Galveston
  • stateorprovince: TX
  • country: US
  • postalcode: 77550
  • bathroomsfull: 5
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1377
  • lotsizeunits: Acres
  • lotsizearea: 0.1377
  • livingarea: 11520
  • livingareaunits: Square Feet
  • latitude: 29.28495
  • longitude: -94.814453
  • listagentfullname: Sharlene Abghary
  • listagentemail: sabghary@gmail.com
  • listagentkey: 3yd-HARMLSTX-SHAR
  • listagentmlsid: SHAR
  • listagentpreferredphone: 7132691222
  • listagentofficephone: 7132691222
  • listofficekey: 3yd-HARMLSTX-URAC01
  • listagentstatelicense: 0496593
  • listofficemlsid: URAC01
  • disclaimer: Copyright © 2026 Houston Realtors Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HARMLSTX
  • yearbuilt: 1970
  • listingcontractdate: 2026-03-06
  • listagentfax: 8326034446
  • countyorparish: Galveston
  • parcelnumber: 2965-0109-0013-000
  • elementaryschool: GISD OPEN ENROLL
  • highschool: BALL HIGH SCHOOL
  • elementaryschooldistrict: 22 - Galveston
  • middleorjuniorschooldistrict: 22 - Galveston
  • highschooldistrict: 22 - Galveston
  • cooling: Electric, Central Air
  • heating: Central, Natural Gas
  • numberofunitstotal: 14
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -94.81445, 29.28495
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Urban Access Properties", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"sabghary@gmail.com", "ListBrokerageCity":"Houston", "ListBrokerageCountry":"US", "ListBrokerageEmail":"sabghary@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Urban Access Properties", "ListBrokeragePhone":"713-269-1222", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"971 Lehman St", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"971 Lehman St ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"URAC01", "ListOfficeCity":"Houston", "ListOfficeCountry":"US", "ListOfficeEmail":"sabghary@gmail.com", "ListOfficePostalCode":"77018", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Galveston, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1915-45th-St_Galveston_TX_77550_M98250-94083?f=listhub&s=HARMLSTX&m=25533848&c=rexren", "MLSModificationTimestamp":"2026-04-29 18:43:02", "Neighborhoods":[{"Description":null, "Name":"DENVER RESURVEY"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":29194, "TaxDescription":"ABST 628 M B MENARD SUR LOTS 13 & 14 BLK 109 DENVER RESURVEY", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/23/2026 8:45:07 PM GMT
Source Updated Date: 7/24/2026 12:47:26 AM GMT

Courtesy of: Sharlene Abghary, Urban Access Properties, sabghary@gmail.com

Copyright © 2026 Houston Realtors Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.