1915 45th Street, Houston, Texas 77550

$1,375,000

Paige Martin

713-425-4194

pmartin@houstonproperties.com

Real Estate Broker

Real Broker, LLC

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About 1915 45th Street

This premier mixed-use estate in Midtown Galveston presents a rare combination of significant revenue generation & historical architectural character. Anchored by four established commercial storefronts & seven distinct residential units, the property offers a projected annual gross income of nearly two hundred thousand dollars. This expansive building spans over eleven thousand five hundred twenty square feet & provides an exceptional opportunity for an owner seeking a high-yield asset within a vibrant coastal community. Situated in the heart of Galveston, the location offers easy access to the historic Strand district & the scenic Gulf Coast, while remaining within a convenient drive of the Houston Medical Center & Downtown Houston. The architectural footprint includes detached residential structures & additional storage units, creating a varied income stream with a pro forma capitalization rate exceeding ten percent. Long-term commercial tenants have remained in place since two thousand ten, reflecting the steadfast desirability & visibility of this specific corridor. Interior spaces provide significant room for personalization & rent optimization, allowing for continued growth in a flourishing market. Every detail of this coastal asset emphasizes durability & versatility, catering to those who appreciate a sophisticated lifestyle supported by robust financial performance. This substantial property serves as a cornerstone of the neighborhood, blending residential comfort with commercial vitality. Experience the distinct balance of a coastal retreat & a thriving enterprise in one of the most recognized regions of the Texas coast.

Highlights

1915 45th Street

$1,375,000

Multi-Family

11,520 Home Sq Ft

Houston 77550

6 Beds

5 Full Baths

6,000 Lot Sq Ft

General Description

Listing Price $1,375,000
City Houston
Zip Code 77550
Subdivision Denver Resurvey
Listing Status Active
Baths 5 Full Bath(s)
Stories 2
Year Built 1970 / Appraisal District
Lot Size 6,000 / Appraisal District
MLS # 25533848 (HAR)
List Price / Sq Ft $119.36
Address 1915 45th Street
State Texas
County Harris
Property Type Multi-Family
Bedrooms 6
Garage 0
Building Sq Ft 11,520
Area 33

Taxes & Fees

Tax ID

296501090013000

Tax Rate

1.719%

Taxes w/o Exemption/Yr

$29,194 / 2025

Maint Fee

No

Click here to read more about taxes & exemptions

Interior Features

Fireplace

No

Heating

Natural Gas

Cooling

Electric

Dishwasher

No

Range

No

Disposal

No

Microwave

No

Loft

No

Exterior Features

Roof

Composition

Private Pool

No

Area Pool

Maybe

New Construction

No

Listing Firm

Urban Access Properties

Schools

Name Grade Great School Ranking
Gisd Open Enroll Elementary None of 10
Gisd Open Enroll Middle None of 10
Ball High High 4 of 10
Read more about Houston's Top Schools

School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.

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Paige Martin, Broker Associate, Real Broker, LLC 5718 Westheimer, Ste 1000, Houston, TX 77057

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Disclaimer

Statistics and data is from the most recent available period, as of the time of this writing. No representations or warranties, either expressed or implied, are made to the accuracy of the information herein, or with respect to suitability, usability, feasibility, merchantability or condition of any property described herein. There is no official relationship between this website, the owner, or lessee/real estate agent and any properties described on this website (including, but not limited to owners, management companies, HOAs or associations) or visa versa. Data is presented for informational purposes only and does not represent a listing of a building, property or entity. All dimensions are approximate