Coastal investment opportunity just blocks from the beach at 1820 Ave O 1/2 in Galveston. This 7-unit property offers strong income potential with 5 one-bedroom, one-bath units and 2 studios. In 2025, 5 units operated as short-term rentals (3 one-bedrooms and 2 studios) with 2025 gross income of $99,708. The remaining 2 units were leased long-term which brought the gross income to $122,871 in 2025. Currently, 6 units are being leased short-term and 1 month-to-month at $1,150, monthly. Each unit includes one off-street parking space, and there is an on-site laundry room for tenant convenience. Ideal for investors seeking short-term rental revenue or long-term stability in a prime island location.
| MLS # | 92558261 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1973 |
| Days On Site | 43 |
| Listing Provided By | ZAPP Realty | Anthony Jensen |
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 4,152 |
| Story(s) | 2 |
| Units | 7 |
| Acreage | 8995.00 |
| Parking Features | Paved |
|---|
| Tax Annual Amount | 12182 |
|---|
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | Galveston Outlots |
| Listing VS Median (in Galveston Outlots) | |
Price: $755,000 low | high Med: $309,900 sqft: 4,152 low | high Med: 1,744 $ / sqft: $182 low | high Med: $178 On site: 43 low | high Med: 24 | |
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | Galveston Outlots |
| Listing VS Median (in Galveston Outlots) | |
Price: $755,000 low | high Med: $309,900 sqft: 4,152 low | high Med: 1,744 $ / sqft: $182 low | high Med: $178 On site: 43 low | high Med: 24 | |