| Elementary | GISD OPEN ENROLL | N/R |
| Middle | GISD OPEN ENROLL | N/R |
| High | BALL H S CCMR 75% · Grad 96% | C |
Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, and four commercial storefronts with a strong history of long-term tenancy. The property producing income with a pro forma cap rate of about 10%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.
| Property Type | Residential Income |
| Property Sub Type | Multi Family |
| Year Built | 1970 |
| Year Built Source | PublicRecords |
| New Construction | No |
| Stories | 2 |
| Levels | Two |
| Living Area | 11,520 sq ft |
| Living Area Source | Appraiser |
| Building Area Total | 11,520 sq ft |
| Roof | Composition |
| Bedrooms | 5 |
| Bathrooms (total) | 5 |
| Bathrooms Full | 5 |
| Lot Size (sq ft) | 6,000 |
| Lot Size Source | Appraiser |
| Lot Features | Corner Lot |
| County | Galveston |
| MLS Area Major | 33 |
| MLS Area Minor | Midtown - Galveston |
| Subdivision | DENVER RESURVEY |
| Postal Code | 77550 |
| Heating | Central, Gas |
| Cooling | Central Air, Electric |
| Tax Annual Amount | $29,194 |
| Tax Year | 2025 |
| Tax Rate (est.) | 2.92% |
| Parcel # | 2965-0109-0013-000 |
| Legal Description | ABST 628 M B MENARD SUR LOTS 13 BLK 109 DENVER RESURVEY |
| Listing Terms | Cash, Investor Financing |
| Disclosures | None |
Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.
Request this noticeThe §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.
Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.
Active listing — amenities should populate from the go-live pipeline. Click to fetch now if missing.
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HARMLS last updated Sep 24, 2026, 4:15 AM CDT. Properties may subsequently be sold or off-market.
