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1811 21st St 8 Unit Apartment Building $1,661,145 CAD ($207,643 CAD/Unit) 8.67% Cap Rate Galveston, TX 77550

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INVESTMENT HIGHLIGHTS

  • 1 block away from beach
  • 2024 fully rehabbed
  • fully leased
  • close to local Campus and Hospital
  • new appliances

EXECUTIVE SUMMARY

This boutique 8-unit building combines modern style with practical design, offering a coastal living experience that feels both refined and comfortable. Each apartment features sleek stainless steel appliances, granite countertops, and thoughtfully designed layouts that maximize natural light. Large windows create bright, airy interiors that feel spacious yet cozy, while open floorplans make everyday living and entertaining effortless. With a focus on both style and function, these homes are designed to meet the needs of students, professionals, and anyone seeking modern comfort in Galveston.
Ideally located near Galveston’s most iconic destinations, this property puts you right where you want to be. UTMB is just minutes away, while the historic Hotel Galvez and the lively Pleasure Pier are within walking distance, offering entertainment, dining, and relaxation at your doorstep. Residents can also enjoy easy access to the Strand’s shops, restaurants, and cafes, along with the scenic seawall and beach just blocks away. Blending convenience, charm, and location, this 8-unit community offers the perfect mix of modern living and island lifestyle.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
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 - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $1,661,145 CAD
Price Per Unit $207,643 CAD
Sale Type Investment
Cap Rate 8.67%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.10 AC
Building Size 4,715 SF
No. Stories 2
Year Built 1965
Parking Ratio 0.85/1,000 SF
Opportunity Zone Yes
Zoning UN - Urban Neighborhood, Planned Unit Development

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Stainless Steel Appliances
  • Views
  • Yard
  • Deck
  • Freezer
  • Smoke Free

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 - -
1+1 4 - -
Walk Score®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 37381106

  • Date on Market: 2025-08-22

  • Last Updated:

  • Address: 1811 21st St, Galveston, TX 77550

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