Rare investment opportunity in a growing market. Add eight income-producing units to your residential leasing portfolio at less than $82,000 per door. Consisting of two well-maintained fourplexes, this property offers affordability, stability, and long-term upside. The units are easy to lease due to competitive rental rates and a location convenient to major employment centers. Easy access to I-45, off-street paved parking, and a practical layout support strong tenant demand. Positioned to benefit from continued regional growth, the property offers an attractive entry point below replacement cost. Low-maintenance construction and straightforward management make it ideal for investors seeking dependable cash flow and future appreciation. Located outside the 100-year flood plain, the property offers added confidence and reduced ownership risk.
| MLS # | 40844817 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 70 |
| Listing Provided By | Joe Tramonte Realty, Inc. | Hudson Holmes |
| Bed(s) | 2 |
|---|---|
| SQ Feet | 6,600 |
| Story(s) | 2 |
| Units | 8 |
| Acreage | 5532.00 |
| Tax Annual Amount | 4371 |
|---|
| State | TX |
|---|---|
| County | Galveston |
| City | La Marque |
| Zip Code | 77568 |
| Area | 33 |
| Subarea | La Marque |
| Community Name | Norman & Boatright |
| Listing VS Median (in Norman & Boatright) | |
Price: $649,000 low | high Med: $414,450 sqft: 6,600 low | high Med: 4,000 $ / sqft: $98 low | high Med: $113 On site: 70 low | high Med: 48 | |
| State | TX |
|---|---|
| County | Galveston |
| City | La Marque |
| Zip Code | 77568 |
| Area | 33 |
| Subarea | La Marque |
| Community Name | Norman & Boatright |
| Listing VS Median (in Norman & Boatright) | |
Price: $649,000 low | high Med: $414,450 sqft: 6,600 low | high Med: 4,000 $ / sqft: $98 low | high Med: $113 On site: 70 low | high Med: 48 | |