Moving to Galveston, TX: The Ultimate Guide from Top REALTORS® at Red Hawk Property Team
Exceptional Multi-Family Investment Opportunity in Galveston – Just Blocks from the Beach!
Now Offered at $650,000! (Originally $700,000) 1623 Avenue N 1/2, Galveston, TX 77550
If you’ve been looking for the perfect investment property in Galveston, Texas, this is it! This charming 4-plex, just a block and a half from the beach and the Gulf of Mexico, offers incredible income potential in one of Texas’ most sought-after coastal locations. Whether you’re an experienced investor or looking to start your portfolio, this well-maintained property presents a rare chance to own a piece of Galveston Island and capitalize on its growing real estate market. View additional photos and details here. (Owner is a licensed agent.)
Property Overview
- Four-unit multi-family property with diverse rental income opportunities
- Front two-story house divided into three units:
- Spacious 2-bed, 1.5-bath unit upstairs
- Two efficiency (studio) units downstairs
- Garage apartment (1-bed, 1-bath) built above the one-car garage
- Large storage space available for owner use
- Recent upgrades include:
- New roof (2020)
- All siding replaced with durable Hardie plank
- Multiple interior unit upgrades
Prime Beachside Location
Situated just minutes from Galveston’s top attractions, shopping, dining, and entertainment, this property offers the best of island living. Tenants will love being within walking distance of the sandy shores of the Gulf of Mexico, with everything they need just moments away.
- The Strand Historic District – A vibrant shopping and dining hub with boutiques, galleries, and nightlife.
- Pleasure Pier – One of Galveston’s most famous attractions, featuring amusement rides, restaurants, and entertainment over the water.
- Hotel Galvez & Murdoch’s – Iconic beachfront destinations where visitors and locals enjoy stunning ocean views and historic charm.
- Moody Gardens & Schlitterbahn Waterpark – Premier family-friendly attractions perfect for year-round entertainment.
- UTMB (University of Texas Medical Branch) – A major employer and economic driver, making this property ideal for long-term tenants.
- Galveston Cruise Terminals – With recent expansions bringing even more visitors and economic growth to the island.
Why Invest in Galveston Real Estate?
Galveston Island continues to be a hot spot for real estate investment, with demand for both long-term and short-term rental properties increasing. Here’s why investing in Galveston makes financial sense:
- Tourism-Driven Economy: With over 7 million annual visitors, rental demand remains strong year-round.
- Growing Cruise Industry: The Galveston Wharves Expansion Plan is increasing the island’s capacity for cruise passengers, bringing more tourism and economic opportunities.
- Limited Land Supply: As an island, real estate is finite—ensuring long-term appreciation.
- Affordable Compared to Other Beachfront Markets: Galveston remains a more affordable option compared to other coastal cities, making it an ideal investment for long-term wealth-building.
A Turnkey Investment – Ready to Show!
This low-maintenance, high-potential property is perfect for investors looking for immediate rental income. One unit is currently vacant and available for showings by appointment, while tenant-occupied units will be shown upon an accepted offer. Don’t miss out on this incredible opportunity!
📞 Contact Tim Larson with KW Commercial, brokered by KW Houston Memorial, for more information and to schedule a private tour!
Own a piece of Galveston’s booming real estate market and start generating passive income today! Act fast—this property won’t last long at the new pricing!
Moving to Galveston, TX: The Ultimate Guide from Top REALTORS® at Red Hawk Property Team
Why Move to Galveston, TX?
Beautiful Coastal Living & Ideal Climate
Galveston offers stunning beaches, a warm subtropical climate, and an island lifestyle that’s perfect for year-round outdoor activities. Located just 45 minutes from Houston, Galveston provides easy access to big-city amenities while maintaining its small-town coastal charm.
Thriving Job Market & Economic Opportunities
- Tourism & Hospitality: The island attracts over 7 million visitors annually.
- Medical & Healthcare: UTMB Health (University of Texas Medical Branch) is the largest employer in the area.
- Port of Galveston: A major hub for trade, cruise lines, and maritime jobs.
Laid-Back, Historic Community
- Rich Victorian architecture and historic districts.
- Festivals like Mardi Gras! Galveston and Dickens on The Strand.
- An easygoing lifestyle centered around fishing, boating, and the arts.
Cost of Living in Galveston, TX
Housing Costs
- Median home price: $325,000 (subject to change; check local listings).
- Rental prices: $1,500 – $2,500/month for apartments and condos.
- Luxury waterfront properties: Range from $500,000 to $2M+.
Property Taxes & Insurance
- Property tax rate: ~2.2% (varies by location).
- Flood and windstorm insurance is required for most homes.
Daily Living Expenses
- Groceries and utilities are comparable to Houston but slightly higher for imported goods.
Best Neighborhoods in Galveston, TX
For Families:
- Pirates Beach – Quiet, safe, and close to good schools.
- Evangeline Beach – Great parks and a family-friendly community.
- Laffite’s Cove – Gated waterfront community with boat docks.
For Young Professionals & Retirees:
- Historic Downtown – Walkable, near restaurants and entertainment.
- Beachtown – Upscale resort-style community.
For Investors & Vacation Home Buyers:
- Jamaica Beach – High demand for short-term rentals.
- Sea Isle – Perfect for Airbnb investment properties.
Schools & Education in Galveston, TX
Public Schools (Galveston Independent School District – GISD)
- Parker Elementary – Highly rated elementary option.
- Austin Middle School – STEM and magnet programs.
- Ball High School – College prep and vocational training.
Private & Charter Schools
- Trinity Episcopal School (PreK-8th grade, private Christian education).
- O’Connell College Preparatory School (Catholic high school).
Higher Education
- University of Texas Medical Branch (UTMB) – Top-ranked medical school.
- Galveston College – Affordable community college programs.
Things to Do in Galveston, TX
Beaches & Outdoor Activities
- Stewart Beach and East Beach – Family-friendly spots.
- Galveston Island State Park – Camping, fishing, hiking.
- Water Activities – Boating, surfing, paddleboarding, deep-sea fishing.
Attractions & Historic Landmarks
- Moody Gardens – Aquarium, Rainforest Pyramid, 3D Theater.
- Pleasure Pier – Amusement park on the water.
- The Strand Historic District – Shopping, dining, and events.
Dining & Nightlife
- Gaido’s Seafood Restaurant – Local seafood institution since 1911.
- Katie’s Seafood House – Dock-to-table seafood.
- Breweries & Live Music Venues – Galveston Island Brewing, Old Cellar Bar.
Pros & Cons of Living in Galveston, TX
Pros:
- Affordable coastal living compared to other U.S. beach towns.
- No state income tax in Texas.
- Rich history and strong community feel.
- Active outdoor lifestyle.
Cons:
- Higher flood and hurricane risk.
- Seasonal tourist traffic can be busy.
- Fewer retail options compared to Houston.
Real Estate Market Trends in Galveston, TX
- Waterfront homes are in high demand due to Airbnb and VRBO investments.
- New construction communities are emerging along the West End.
- Median home price appreciation: ~6% YoY (subject to market changes).
Best Time to Buy or Sell in Galveston
- Winter months (December-February) see lower competition and better deals.
- Spring and summer attract vacation home buyers and investors.
Moving to Galveston: Checklist & Final Steps
- Find a trusted REALTOR® (Red Hawk Property Team).
- Decide whether to rent or buy.
- Secure flood and windstorm insurance.
- Set up utilities and services (water, power, internet).
- Register for schools and local amenities.
- Explore the community and lifestyle.
Work with the Best REALTORS® in Galveston, TX
Moving to Galveston is an exciting opportunity, and having the right real estate expert by your side can make all the difference.
Why Choose Red Hawk Property Team?
- Decades of combined real estate experience.
- Local market expertise in Galveston and surrounding areas.
- Personalized guidance for buyers, sellers, and investors.
- Proven track record of successful transactions.
Schedule a Free Consultation Today! Call [Your Contact Info] or Visit [Your Website]
Final Thoughts
If you’re considering moving to Galveston, TX, let our expert team at Red Hawk Property Team powered by JLA Realty guide you through the process. Whether you’re looking for a permanent home, a vacation getaway, or an investment property, we’re here to help!
Have questions? Drop a comment below or contact us today to start your Galveston home search!