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!