Attention Investors! All three units are occupied with long-term tenants and consistently generating income, making this an incredible income-producing opportunity just moments from the beach, now offered at a newly reduced price for a quick sale. This multi-unit property is a perfect escape from city life while delivering strong rental income from day one. The front unit offers 2 bedrooms and 1 bathroom, while the two rear units each feature 1 bedroom and 1 bathroom. A long driveway provides ample parking, and each unit includes its own attached garage. With the recent price improvement, this property is even more attractive for investors seeking cash flow and long-term appreciation. Located in Galveston near Moody Gardens, Pleasure Pier, and The Strand with shopping, dining, fishing, boating, and easy access to Houston, this is a strong rental opportunity. For cap rate analysis and supporting financials, please refer to the attachments.
| MLS # | 10511959 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 56 |
| Listing Provided By | Kiani Realty | Vahid Asghari |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 2,080 |
| Story(s) | 1 |
| Units | 3 |
| Acreage | 9488.00 |
| Lot Features | Cleared |
|---|
| Tax Annual Amount | 8716 |
|---|
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77551 |
| Area | 33 |
| Subarea | Near West End |
| Community Name | PABST SUB |
| Listing VS Median (in PABST SUB) | |
Price: $342,500 low | high Med: $353,750 sqft: 2,080 low | high Med: 1,638 $ / sqft: $165 low | high Med: $235 On site: 56 low | high Med: 86.5 | |
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77551 |
| Area | 33 |
| Subarea | Near West End |
| Community Name | PABST SUB |
| Listing VS Median (in PABST SUB) | |
Price: $342,500 low | high Med: $353,750 sqft: 2,080 low | high Med: 1,638 $ / sqft: $165 low | high Med: $235 On site: 56 low | high Med: 86.5 | |