Commercial Property for Sale in Galveston Texas 77551
5103 Avenue O, Galveston, Texas 77551
$1,000,000
$210 / sq ft 7.05% cap rate Listed Dec 17, 2025
4,752 sqft
Building
6,956 acres
Lot
1978
Built
2
Stories
5
Parking
8
Units
About this property
Commercial Property for Sale in Galveston Texas 77551 is a multifamily for sale in Galveston, Texas, listed at $1,000,000. Key details: year built 1978, building size 4,752 sqft, lot size 6,956 acres, stories 2. Listed by TIM LARSON of Keller Williams Memorial/KW Commercial on LoopingCloud and last updated December 17, 2025.
Coastal Cash Flow: Turn-Key 8-Unit Multi-Family Investment in Galveston, TX
"Cozy Corner 8" offers investors a rare, fully renovated, and stabilized 8-unit multi-family property in the high-demand Galveston rental market. This turn-key asset provides immediate cash flow with versatile leasing options and professional management already in place.
Key Investment Highlights:
-
Fully Renovated & Income Producing: All eight units are one-bedroom, one-bath (approx. 594 SF) and are equipped with individual A/C units.
-
Flexible Leasing Strategy: Currently operating with a highly profitable mixed-use model—combining high-yield short-term Airbnb rentals (four units furnished, two actively listed) and stable long-term leases.
-
Targeted Tenant Pipeline: Demand is boosted by active listings on Furnished Finder, catering specifically to medical professionals and UTMB interns, leveraging the 84-acre UTMB campus (2,500+ students/staff) nearby.
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Worry-Free Ownership: Professional property management handles tenant retention, rigorous screening (credit/background checks), and operations.
-
Tenant Amenities: Features include off-street parking, private rear yard access, and attractive mature landscaping.
Strategic Location: Situated at the corner of Avenue O and 51st Street, the property benefits from consistent year-round rental demand driven by Galveston’s robust economy (tourism, healthcare, shipping). Enjoy close proximity to The Strand, UTMB, the Port of Galveston Cruise Terminal, and Galveston's renowned beaches. A stable asset offering strong appreciation potential and flexible occupancy models.
Key highlights
- Price per SqFt $210.44
- Zoning MLT FAM DWLG
- APN 2965-0091-0010-001
- Price/Unit $125,000
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1978
- Building Size
- 4,752 sqft
- Lot Size
- 6,956 acres
- Stories
- 2
- Parking Spaces
- 5
- Total Units
- 8
- Building Class
- Class B
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $70,500
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7.05%
Cap rate
$70,500
Net operating income
$210
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,000,000 | 7.05% | - | - | - |
Features and amenities
Property Features
- Price per SqFt: $210.44
- Zoning: MLT FAM DWLG
- APN: 2965-0091-0010-001
- Price/Unit: $125,000
Highlights
- Turn-Key & Fully Renovated: The property is a fully renovated, income-producing 8-unit investment, requiring minimal immediate capital expenditure from a new owner.
- Flexible Dual Income Strategy: It operates with a profitable mixed-use model, utilizing high-yield short-term Airbnb rentals alongside stable long-term leases, maximizing revenue potential.
- Proximity to Major Demand Driver: Strategic location near the University of Texas Medical Branch (UTMB) and the Port of Galveston Cruise Terminal ensures a steady, high-quality tenant pipeline (interns, medical staff, and tourists).
- Established Professional Management: The investment is turn-key with professional property management already in place, handling rigorous tenant screening and day-to-day operations for passive ownership.
- Strong Coastal Market Position: Situated in the heart of Galveston, the property benefits from consistent year-round rental demand driven by the city's growing tourism, healthcare, and education sectors.
Location
Address as shown by the lister.
Get directionsAbout this area - Galveston
- Population
- 20,997
- Housing units
- 10,689
- Land area
- 4.0 sq mi
- County
- Galveston
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Galveston Texas 77551?
Commercial Property for Sale in Galveston Texas 77551 is listed at $1,000,000. That works out to about $210 per square foot. The stated cap rate is 7.05%.
Where is Commercial Property for Sale in Galveston Texas 77551 located?
The property is in 5103 Avenue O, Galveston, Texas 77551, Galveston County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 4,752 sqft. The lot is 6,956 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
TIM LARSON of Keller Williams Memorial/KW Commercial listed this property. Use the Request Info button to send a message or call (713) 461-9393.
When was this listing published?
It was published on December 17, 2025 and last updated on December 17, 2025.
Listing information
- Listing ID
- CL-Texas-27144
- Published
- Dec 17, 2025
- Last updated
- Dec 17, 2025
- Views
- 166
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