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Charming 7-Unit Apartment Building
For Sale
$949,000

1322 Avenue L, Galveston, TX 77550

Seven-unit multifamily building with private porches or decks and rear assigned off-street parking.

Property SizeContact for details
Days on Market53

Property Features for 1322 Avenue L

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1970
Listing Agency: homecoin.com
Listed By: Jonathan Minerick · License #0225248917
Source: Elliman
Added: Jun 16 Changed: Jul 10 Last Checked: Aug 7 at 5:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of homecoin.com

Investment Insights

Based on property information with market context.

This charming 7-unit apartment building offers a mix of 1-, 2-, and 3-bedroom layouts. Several units include private porches or decks, adding usable outdoor space to the residential interiors. Off-street, assigned parking is provided in the rear of the property, supporting day-to-day convenience for residents.

Set on a quiet residential street, the building is described as being in a prime Galveston area. Public remarks note proximity to UTMB, the beach, and downtown Galveston. The area also scores as very walkable and very bikeable, with WalkScore 80 and bikeScore 74.

For buyers or operators, this configuration supports tenant variety across different household needs, from smaller layouts to larger 3-bedroom options, all within one 7-unit asset. The combination of private outdoor space and assigned parking can be a practical fit for long-term resident comfort, while the stated access to major local destinations may help support consistent leasing interest.

Key Highlights

  • 7‑unit multifamily apartment building built in 1970
  • Unit mix includes 1-, 2-, and 3‑bedroom apartments
  • Several units feature private porches or decks

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Storage Facility Home Appliance Store Plumbing Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,170
Businesses Nearby

Demographics for 77550, TX

24,247
Population
15,811
Households
1.5
Avg Household Size
41
Median Age
33%
College-Educated
87%
High-School Grad
7.6 sq mi
ZIP Area
3,190
Density / Sq Mi
$46,262
Median Household Income
$35,800
Median Earnings
$1,182
Median Rent
$283,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit multifamily building with private porches or decks and rear assigned off-street parking.
Where is this apartment building located?
The property is located at 1322 Avenue L Galveston, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 7‑unit multifamily apartment building built in 1970; Unit mix includes 1-, 2-, and 3‑bedroom apartments; Several units feature private porches or decks
More about this property
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