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    1520 Avenue L Galveston, TX 77550

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    For Sale
    $475,000

    Triplex with vacant unit and long-term tenants near popular eatery.

    Lot size:
    0.12 Acres

    Property Features for 1520 Avenue L

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1917

    Source: Joe Tramonte Realty, Inc. Agent Karen Flowers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Triplex Near Broadway

    This income-generating property features a triplex configuration. The front unit, comprising 3 bedrooms and 1.5 bathrooms, is currently vacant and ready for occupancy. The two rear units each contain 2 bedrooms and 1 bathroom, and are occupied by long-term tenants, providing a consistent income stream. The property is located near a popular eatery and is situated two blocks from Broadway, with convenient access to Seall Blvd via a short bike ride.
    Location Intelligence

    Current Use by Public Records

    G B Alterations ... Clothing Alteration Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.7829754
    Latitude
    29.3007113

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    FAQs

    What type of property is this?
    Triplex - Triplex with vacant unit and long-term tenants near popular eatery.
    Where is this triplex located?
    The property is located at 1520 Avenue L Galveston, TX.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Income-generating property with existing tenants.; - Vacant 3-bed, 1.5-bath front unit ready for immediate rental income.; - Two occupied rear units (2 bed, 1 bath each) with long-term tenants.
    (409) 789-7377
    Request Owner's contact information
    1520 Avenue L Galveston, TX 77550
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    Galveston, TX 77550
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1520 Avenue L Galveston, TX 77550
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