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717 Broadway St 16 Unit Apartment Building $1,800,000 ($112,500/Unit) Galveston, TX 77550
EXECUTIVE SUMMARY
Partners is pleased to present the opportunity to own a 16-unit multifamily property with a historic charm at 717-725 Broadway St, Galveston, TX. This property is located just a block away from Stewart Beach and nearby the University of Texas Medical Branch (UTMB), the Shriner’s Hospital for Children, and the Port of Galveston Cruise Terminal. This property contains a unique mix of 10 efficiency units and 2 smaller 1/1 units in the building on 725 Broadway, and 4 larger 1/1 units in the 717 Broadway building. All the units at 717 Broadway still have the original hardwood flooring and have undergone renovations to the common area as well. Units in both buildings have had complete renovations to the kitchens in 2021 & 2025 with new flooring, appliances, and counter tops. This unique property that blends with the Victorian-era charm of Galveston and proximity to major job centers provide an attractive investment opportunity for a new operator.
PROPERTY FACTS
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 16 | Building Size | 12,400 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1971/2024 |
| Zoning | BUF | ||
| Price | $1,800,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 12,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2024 |
| Zoning | BUF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 6 | - | - |
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Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 3505-0127-0001-000 | Improvements Assessment | $1,247,920 |
| Land Assessment | $476,780 | Total Assessment | $1,724,700 |
PROPERTY TAXES
Parcel Number
3505-0127-0001-000
Land Assessment
$476,780
Improvements Assessment
$1,247,920
Total Assessment
$1,724,700
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717 Broadway St
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