5103 Avenue O, Galveston, TX 77551 — Sale in Galveston, TX

  • Price: $1M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Galveston, TX 77551
  • Size: 4,752 SF
  • Year built: 1978

Investment Figures

Cap rate
7.10%
Price per square foot
$210
Price per unit
$125,000 across 8 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Turn-Key 8-Unit Multi-Family Investment – Galveston, TX Property Overview: “Cozy Corner 8” presents a rare opportunity to acquire a fully renovated, income-producing 8-unit multi-family property in the heart of Galveston, TX. Each unit offers a +/- 594sf one-bedroom, one-bath layout equipped with two window A/C units for tenant comfort. The property includes private rear yard access, off-street parking, and mature landscaping, all contributing to tenant satisfaction and retention. Currently operating as a mix of short-term Airbnb rentals and long-term leases, the building provides investors with both immediate cash flow and flexibility to optimize returns. Four units are fully furnished, and two are actively listed on Airbnb, while additional demand is captured through Furnished Finder, catering specifically to UTMB interns and medical professionals. Professional property management is already in place, with rigorous credit, background, and income verification ensuring a reliable tenant base. Location Overview: Strategically located at the corner of Avenue O and 51st Street, the property benefits from Galveston’s thriving rental market and diverse economy, driven by tourism, healthcare, shipping, and education. With close proximity to The Strand, the University of Texas Medical Branch, Port of Galveston Cruise Terminal, and Galveston’s renowned beaches, rental demand remains consistently strong year-round. The 84-acre UTMB campus, with more than 2,500 students and medical professionals, provides a steady pipeline of quality tenants. Whether pursuing continued mixed-use leasing or repositioning entirely as short-term rentals, investors will appreciate the stable income, strong occupancy potential, and long-term appreciation offered by this turn-key coastal asset. Property Highlights: Fully renovated, income-producing 8-unit multi-family property in the heart of Galveston, TX. Each unit offers a +/- 594sf one-bedroom, one-bath layout equipped with two window A/C units

Market Context

This multifamily in Galveston, TX is listed for sale at $1,000,000 across 4,752 SF. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1978. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Galveston, TX — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Galveston, TX