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1623 Avenue N 1/2, Galveston 4-Plex Income Property Blocks from the Beach

$650,000

1623 Avenue North 1/2, Galveston, TX 77550

Active
Last Updated: 03/12/2025

5.49

Cap Rate

2,383 sqft

Building Size

Details:
Cap Rate:    5.49%
Building Size:    2,383 sqft
Lot Area:    5,160 acres
Units:    4
Occupancy:    100%
Year Built:    1920
Zoning:    Mixed
Floors:    2
Heating:    Central Gas
Cooling:    Central Electric
Description:

Exceptional Investment Opportunity – Just Blocks from the Beach!

Discover this incredible 4-plex, a well-maintained and low-maintenance property with excellent cash flow potential in a prime beachside location. The property features a spacious 2 bed/1.5 bath upstairs unit, a cozy 1 bed/1 bath garage apartment, and two efficiency (studio) units downstairs, offering a diverse rental mix to maximize your income. Recent upgrades include a new roof (2020), all siding replaced with Hardie plank, along with many interior unit upgrades.
The vacant unit is ready for immediate showings by appointment, while the tenant-occupied units will be shown upon an accepted offer. This is a rare opportunity to invest in a highly desirable area, just a short stroll from the beach!

Charming four-unit property situated in a vibrant neighborhood, just a short distance from the beach and local attractions. This residence features a cozy layout with inviting living spaces in each unit, ideal for both relaxation and entertaining. The property may boast unique architectural details characteristic of Galveston's historic homes, along with modern amenities for comfort. With its great potential as an income property, it offers an excellent opportunity for investors or those looking to generate rental income. Outdoor space often includes a lovely yard, perfect for enjoying the coastal breeze. Its proximity to shopping, dining, and recreational activities makes it an attractive option for both residents and visitors looking to experience the island lifestyle.


Charming four-unit property situated in a vibrant neighborhood, just a short distance from the beach and local attractions. This residence features a cozy layout with inviting living spaces in each unit, ideal for both relaxation and entertaining. The property may boast unique architectural details characteristic of Galveston's historic homes, along with modern amenities for comfort. With its great potential as an income property, it offers an excellent opportunity for investors or those looking to generate rental income. Outdoor space often includes a lovely yard, perfect for enjoying the coastal breeze. Its proximity to shopping, dining, and recreational activities makes it an attractive option for both residents and visitors looking to experience the island lifestyle.



Exceptional Investment Opportunity – Just Blocks from the Beach!
Incredible 4-plex, a well-maintained and low-maintenance property with excellent cash flow potential in a prime beachside location.
Spacious 2 bed/1.5 bath upstairs unit (Vacant), a cozy 1 bed/1 bath garage apartment, and two efficiency (studio) units downstairs
Diverse rental mix to maximize your income and in good overall condition.
Recent upgrades include a new roof (2020), all siding replaced with Hardie plank, along with many interior unit upgrades.
This is a rare opportunity to invest in a highly desirable area, just a short stroll from the beach!

Map:
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