801 Broadway St - Apartments FOR SALE


Galveston, TX 77550
$2,900,000 USD
281-407-1886
801 Broadway St, Galveston, TX for Sale
$2,900,000 USD
Apartments - FOR SALE
1/20
null | 6.72% Cap Rate

801 Broadway St
Galveston, TX 77550


HIGHLIGHTS

  • Ocean Views from most apartments
  • Porcelain Tile floors and Stainless Steel Appliances
  • Walking Distance to UTMB Campus and 2 blocks away from the Beach

OVERVIEW

Discover a Rare Investment Opportunity in Galveston – Ocean View Lofts Unlock the potential of this meticulously crafted 16-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing. Luxury Meets Location. Ocean View Lofts combines contemporary luxury with exceptional proximity to Galveston's top attractions. Situated within walking distance of UTMB Hospital and the beach, these newly constructed units showcase: - Breathtaking Ocean Views for a serene living experience. - High-End Interiors featuring porcelain flooring, quartz countertops, marble showers, and recessed lighting. - Modern Amenities including stainless steel appliances and in-unit washer-dryers. - Elegant Kitchens & Baths with chef-worthy layouts, spa-inspired rain showers, and marble finishes. Investor Highlights With limited land availability, high occupancy rates, and strong appreciation potential, Galveston offers a prime environment for multifamily investments. Ocean View Lofts provides: - Consistent Rental Demand driven by local employment hubs, students and a thriving tourism industry. - Competitive Rents & Tenant Retention supported by luxury features and desirable location. - Turnkey Appeal with brand-new construction and upscale design that command premium returns. Whether you're looking to expand your portfolio or secure a lucrative foothold in a high-demand coastal market, this 8-unit gem presents a rare chance to capitalize on Galveston’s growth and long-term value.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

16

PRICE/UNIT

$181,250

CAP RATE

6.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean View Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,020 SF

ZONING

-

APN/PARCEL ID

3505-0128-0007-100

ASK ABOUT THIS PROPERTY

John TohmeTohme Properties LLCMore Info
281-407-1886

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John TohmeTohme Properties LLCMore Info
281-407-1886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.