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Sealy Paradise Apartments 808 Sealy ave 8 Unit Apartment Building $1,320,000 ($165,000/Unit) 6.72% Cap Rate Galveston, TX 77550
Investment Highlights
- New Construction
- Low Maintenance Common Area
- Washer/Dryer
- Elevated Structure
- Walk Score 78
Executive Summary
Newly constructed 8 unit multi-family property in Galveston’s East End Historic District located just ½ mile from the beach and the famous Seawall Blvd. Each +/-500 SqFt unit is complete with all major stainless steel appliances including washer/dryer, recessed lighting, closet space and LVP flooring. Exceptional build quality including fire-rated drywall, thermal & sound insulation, fire sprinklered. Elevated structure for flood protection with ample covered parking on ground floor. Low maintenance common areas with stairwell accessed units, zero scaping and city waste collection to reduce insurance & operating expenses. Above market average rents at $1,500/month per unit with pass through expenses, annual and seasonal increases. Pets allowed with deposit. First occupants leased in Sept. 2025. Financials based on proforma analysis.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,320,000 | Apartment Style | Low-Rise |
| Price Per Unit | $165,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.72% | Building Size | 4,000 SF |
| Gross Rent Multiplier | 9.65 | Average Occupancy | 62% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Zoning | 1F4 - Multi Family | ||
| Price | $1,320,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| Gross Rent Multiplier | 9.65 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 62% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | 1F4 - Multi Family |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Double Pane Windows
- Freezer
- Linen Closet
- Smoke Free
Site Amenities
- 24 Hour Access
- Courtyard
- Furnished Units Available
- Smoke Free
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,500 | 500 |
Moderately walkable
70/100
Fairly drivable
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3505-0248-0009-000 | Total Assessment | $727,600 (2025) |
| Land Assessment | $189,970 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $537,630 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
3505-0248-0009-000
Land Assessment
$189,970 (2025)
Improvements Assessment
$537,630 (2025)
Total Assessment
$727,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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Sealy Paradise Apartments | 808 Sealy ave
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