1908 33rd Street

Offered below recent appraisal, this well-located 6-unit multifamily property presents an exceptional investment opportunity in Midtown Galveston. The property is 100% occupied with month-to-month leases, currently below market, offering immediate upside through rent optimization. Unit mix includes four 3-bedroom/1-bath units and two 2-bedroom/1-bath units, providing strong income potential and long-term stability. Ideally positioned on two major Island thoroughfares—Bernardo de Galvez & 33rd St, the property is centrally located just minutes from Seawall, Strand, UTMB, dining, shopping, & entertainment. Recent capital improvements include a roof replacement within the last three years and updated HVAC systems and components over the past several years. Ample off-street parking, a rare Island amenity, further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale—court approval required. Proof of funds required prior to initial showing.