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2115 Broadway St 8 Unit Apartment Building $1,299,000 ($162,375/Unit) 8.02% Cap Rate Galveston, TX 77550
INVESTMENT HIGHLIGHTS
- fully leased
- central location
- hardwood floor
- commercial tenant with long term lease
EXECUTIVE SUMMARY
Prime Galveston Investment – Fully Leased Mixed-Use Property on Broadway
Exceptional income-producing opportunity in the heart of Galveston! This beautifully renovated 2023 property features 7 fully leased residential units and a longstanding, successful gym tenant—offering both immediate cash flow and long-term appreciation potential.
The building combines historic charm with modern upgrades, boasting refinished hardwood floors, exposed ceilings, and high-quality finishes throughout. Its high-visibility Broadway location places it just minutes from the Seawall, UTMB, downtown Galveston, and the island’s premier dining, retail, and entertainment destinations.
Highlights:
Fully occupied—stable tenant mix with proven income stream
Recent full renovation (2023) minimizing near-term capital needs
Excellent location with strong rental demand
Turnkey asset ideal for both seasoned investors and 1031 exchanges
This is a rare chance to own a high-performing, low-maintenance property in one of Galveston’s most desirable corridors.
Exceptional income-producing opportunity in the heart of Galveston! This beautifully renovated 2023 property features 7 fully leased residential units and a longstanding, successful gym tenant—offering both immediate cash flow and long-term appreciation potential.
The building combines historic charm with modern upgrades, boasting refinished hardwood floors, exposed ceilings, and high-quality finishes throughout. Its high-visibility Broadway location places it just minutes from the Seawall, UTMB, downtown Galveston, and the island’s premier dining, retail, and entertainment destinations.
Highlights:
Fully occupied—stable tenant mix with proven income stream
Recent full renovation (2023) minimizing near-term capital needs
Excellent location with strong rental demand
Turnkey asset ideal for both seasoned investors and 1031 exchanges
This is a rare chance to own a high-performing, low-maintenance property in one of Galveston’s most desirable corridors.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
| Studios | 3 | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 3505-0141-0004-000 | Improvements Assessment | $335,200 (2025) |
| Land Assessment | $373,800 (2025) | Total Assessment | $709,000 (2025) |
PROPERTY TAXES
Parcel Number
3505-0141-0004-000
Land Assessment
$373,800 (2025)
Improvements Assessment
$335,200 (2025)
Total Assessment
$709,000 (2025)
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Presented by
Tohme Capital LLC
2115 Broadway St
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