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8020 Stewart Rd
Galveston, TX 77551 Lake Madeline

$500,000 USD

Apartments For Sale  •  58,260 SF

Property Details

  • Property Type Apartments
  • Total Building Size 59,682 SF
  • Lot Size 1.74 AC
  • Building Class C
  • Year Built 1969
  • Zoning R
40 Walk Score

Highlights

STARTING BID $500,000 | Gulfwind Apartments | 66 Units | Houston MSA | AUCTION AUGUST 17-19
66 Units Across Three Two-Story Buildings: A value-add multifamily opportunity in Galveston, Texas, ready for full repositioning.
Lease-Up Upside at 7.58% Occupancy Today: Current occupancy of 7.58% creates a clear path to increase revenue through stabilization.
Large Average Unit Size of About 907 SF: Spacious floor plans stand out among comparable value-add multifamily assets in the market.
Diverse Mix of 66 One-, Two-, Three-Beds: Unit mix includes twenty-five 1-beds, twenty-eight 2-beds, and thirteen 3-bed units total.
Elevated Coastal Design Cuts Flood Risk: Units sit raised above grade with under-building parking, reducing storm-surge exposure.

Property Flyers

Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Grill
  • Laundry Service
  • Refrigerator
  • Oven

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Adam Sklaver 301-706-4619 Marcus & Millichap
Adam Sklaver 301-706-4619 Marcus & Millichap