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2805 Church st - Downtown Lofts 8 Unit Apartment Building Offered at $1,300,000 at a 8.43% Cap Rate Galveston, TX 77550



INVESTMENT HIGHLIGHTS
- New Construction
- Rooftop
- Stainless Steel Appliances
- Private Balcony
EXECUTIVE SUMMARY
2805 Church Street Apartments is a newly constructed multifamily property offering a modern coastal living experience in the heart of Galveston. Designed with both lifestyle and durability in mind, this contemporary asset features open-concept floor plans with abundant natural light, expansive windows, and private balconies in every unit.
Each apartment is finished with sleek stainless-steel appliances, modern cabinetry, and clean, contemporary design elements that appeal to today’s renters. The building’s standout feature is a full-roof rooftop terrace spanning the entire roof surface, delivering unobstructed panoramic views of the harbor, cruise ships, and downtown Galveston—an exceptional amenity rarely found in the submarket.
Ideally located just steps from Church Street and the historic Strand District, residents enjoy walkable access to Galveston’s top restaurants, cafés, retail, and entertainment. The property is also conveniently positioned near the seawall, beach, cruise terminals, UTMB, and Texas A&M Galveston, making it highly attractive to students, professionals, and coastal lifestyle renters alike.
With its new construction, premium amenities, and irreplaceable location, 2805 Church Street Apartments represents a compelling opportunity for investors seeking a low-maintenance, high-appeal multifamily asset in one of Galveston’s most vibrant and supply-constrained neighborhoods.
Each apartment is finished with sleek stainless-steel appliances, modern cabinetry, and clean, contemporary design elements that appeal to today’s renters. The building’s standout feature is a full-roof rooftop terrace spanning the entire roof surface, delivering unobstructed panoramic views of the harbor, cruise ships, and downtown Galveston—an exceptional amenity rarely found in the submarket.
Ideally located just steps from Church Street and the historic Strand District, residents enjoy walkable access to Galveston’s top restaurants, cafés, retail, and entertainment. The property is also conveniently positioned near the seawall, beach, cruise terminals, UTMB, and Texas A&M Galveston, making it highly attractive to students, professionals, and coastal lifestyle renters alike.
With its new construction, premium amenities, and irreplaceable location, 2805 Church Street Apartments represents a compelling opportunity for investors seeking a low-maintenance, high-appeal multifamily asset in one of Galveston’s most vibrant and supply-constrained neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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
| Price | $1,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $162,500 | Lot Size | 0.06 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 8.43% | Building Size | 3,500 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Price | $1,300,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 8.43% |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Lot Size | 0.06 AC |
| Construction Status | Under Construction |
| Building Size | 3,500 SF |
| No. Stories | 3 |
| Year Built | 2026 |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 3505-0388-0006-001 | Improvements Assessment | $0 |
| Land Assessment | $59,910 | Total Assessment | $59,910 |
PROPERTY TAXES
Parcel Number
3505-0388-0006-001
Land Assessment
$59,910
Improvements Assessment
$0
Total Assessment
$59,910
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Presented by
Tohme Capital LLC
2805 Church st - Downtown Lofts
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