809 Avenue K - Oceanfront Lofts - 809 Ave K 8 Unit Apartment Building Offered at $1,904,714 CAD at a 8.87% Cap Rate Galveston, TX 77550

Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing.
Luxury Meets Location
Ocean Front Lofts combines contemporary luxury with exceptional proximity to Galveston's top attractions. Situated within walking distance of UTMB Hospital and the beach, these newly constructed units showcase:
- Breathtaking Ocean Views for a serene living experience.
- Private Balcony for each unit overlooking the Ocean
- Modern Amenities including stainless steel appliances and in-unit washer-dryers.
- Elegant Kitchens & Baths with chef-worthy layouts, spa-inspired rain showers, and marble finishes.

Investor Highlights
With limited land availability, high occupancy rates, and strong appreciation potential, Galveston offers a prime environment for multifamily investments. Ocean View Lofts provides:
Consistent Rental Demand driven by local employment hubs, students and a thriving tourism industry.
Competitive Rents & Tenant Retention supported by luxury features and desirable location.
Turnkey Appeal with brand-new construction and upscale design that command premium returns.
Whether you're looking to expand your portfolio or secure a lucrative foothold in a high-demand coastal market, this 8-unit gem presents a rare chance to capitalize on Galveston’s growth and long-term value.
Completion Q4 2026