Multi-Family Property for Sale in Galveston, TX – Prime Investor Opportunity Near the Seawall

Invest in a High-Demand Coastal Market – Just Steps from the Beach

Now listed at $650,000 (originally $700,000), this exceptional 4-plex located at 1623 Avenue N 1/2, Galveston, TX 77550 is your chance to own income-producing property in one of Texas’ top coastal markets. Just a block and a half from the Gulf of Mexico, this property is ideal for investors in:

• The Greater Houston area

• California and the Pacific Northwest

• Overseas buyers seeking U.S. real estate investments

Whether you’re scaling your portfolio or purchasing your first income property, this turnkey opportunity offers serious upside.

Property Overview – Four Units, Multiple Income Streams

Unit Configuration

• Main two-story house

  • Upstairs: 2 bed, 1.5 bath unit

  • Downstairs: Two efficiency (studio) units

• Garage apartment

  • 1 bed, 1 bath above a one-car garage

  • Includes a large storage area for owner use

Recent Upgrades Include

• New roof (2020)

• Full exterior replacement with Hardie plank siding

• Interior updates in several units

This is a low-maintenance investment with immediate rental income potential.

Walkable Location – Close to Galveston’s Attractions & Employment Hubs

This property is walkable to some of the most iconic destinations on the island:

• Galveston Seawall & Beaches

• The Strand Historic District

• Pleasure Pier

• Hotel Galvez & Murdoch’s

• Moody Gardens & Schlitterbahn Waterpark

• UTMB (University of Texas Medical Branch)

• Galveston Cruise Terminals

Whether you’re targeting vacation rentals, travel nurses, students, or long-term tenants, this location appeals to all.

Why Investors Are Targeting Galveston, TX

Strong Demand, Smart Value

• Over 7 million annual visitors

• Expanding cruise industry and port infrastructure

• Finite land supply on the island = increasing property values

• More affordable than most U.S. beachfront markets

• Ideal for 1031 exchanges, self-directed IRAs, or cash flow-focused purchases

Want to explore nearby opportunities? Read our Ultimate Guide to Moving to League City, Texas.

Turnkey and Ready to Show

• One unit is vacant and available for private tour appointments

• Tenant-occupied units can be shown after an accepted offer

• The owner is a licensed real estate agent, making the transaction smooth and efficient

📍 Get directions to 1623 Avenue N 1/2, Galveston, TX 77550
📸 View full photo gallery and listing details

Contact Tim Larson with KW Commercial, brokered by KW Houston Memorial, to learn more or to schedule a showing.

Own a Piece of Galveston’s Investment Potential

Whether you’re after dependable long-term tenants or short-term vacation income, this multi-family property for sale near Galveston’s Seawall offers unmatched value and location. At the newly reduced price, this rare opportunity won’t last long.