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3417 Avenue O 14 Unit Apartment Building $1,372,480 CAD ($98,034 CAD/Unit) Galveston, TX 77550
Investment Highlights
- Significant Value-Add Opportunity – 60% occupancy provides immediate upside through lease-up, rent optimization, and improved management.
- Section 8 Income Advantage – Ability to capitalize on higher, government-backed rents in Galveston, delivering consistent and predictable cash flow.
- Attractive Unit Mix – Combination of 1-bedroom and 2-bedroom units appeals to a broad tenant base, supporting long-term demand.
Executive Summary
Marketing description
Marcus & Millichap is proud to present 3417–3419 Avenue O, a 14-unit multifamily opportunity in Galveston, TX. The property consists of two buildings with a desirable unit mix of eight 1-bedroom and six 2-bedroom units, constructed with durable materials including brick and concrete exteriors for long-term resilience and reduced maintenance. Currently operating at approximately 60% occupancy, this asset presents a clear and compelling value-add opportunity for investors to increase cash flow and drive significant equity through lease-up and operational improvements. Priced to generate income from day one, the property also benefits from access to Galveston's strong Section 8 housing program, offering the potential for stable, above-market rental income.
Marcus & Millichap is proud to present 3417–3419 Avenue O, a 14-unit multifamily opportunity in Galveston, TX. The property consists of two buildings with a desirable unit mix of eight 1-bedroom and six 2-bedroom units, constructed with durable materials including brick and concrete exteriors for long-term resilience and reduced maintenance. Currently operating at approximately 60% occupancy, this asset presents a clear and compelling value-add opportunity for investors to increase cash flow and drive significant equity through lease-up and operational improvements. Priced to generate income from day one, the property also benefits from access to Galveston's strong Section 8 housing program, offering the potential for stable, above-market rental income.
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Property Facts
| Price | $1,372,480 CAD | Building Class | C |
| Price Per Unit | $98,034 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 12,937 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1966/2021 |
| Property Subtype | Apartment | Parking Ratio | 0.62/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | IF4 | ||
| Price | $1,372,480 CAD |
| Price Per Unit | $98,034 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 12,937 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2021 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | IF4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 6 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3510-0062-0003-000 | Improvements Assessment | $1,117,418 CAD |
| Land Assessment | $241,749 CAD | Total Assessment | $1,359,167 CAD |
Property Taxes
Parcel Number
3510-0062-0003-000
Land Assessment
$241,749 CAD
Improvements Assessment
$1,117,418 CAD
Total Assessment
$1,359,167 CAD
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