5103 Avenue O, Galveston, Turn-Key, 8-Unit MF 5103 Avenue O 8 Unit Apartment Building $1,382,500 CAD ($172,813 CAD/Unit) 7.15% Cap Rate Galveston, TX 77551

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 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.
Investors will appreciate the stable income, strong occupancy potential, and long-term appreciation offered by this turn-key coastal asset.