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Four-Unit Quadplex with Alley Access
For Sale
$295,000

1911 40th St, Galveston, TX 77550

Vacant units allow control of the entire building without existing leases or tenant agreements.

Property Size2,210 SF
Lot Size0.05 Acres
Price / SF$133.48
Days on Market10

Property Features for 1911 40th St

General Information

Standard status Active
Size 2,210 SF
Lot size 0.05 Acres
Property subtype Investment

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,484

Building Details

Building Size 2,210 SF
Year Built 1960
Buildings 1
Stories 2
Units 4
Listing Agency: eXp Realty LLC
Listed By: Cisco Gonzalez · License #0588132
Source: Elliman
Added: Aug 13 Changed: Aug 14 Last Checked: Aug 22 at 7:15AM

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 eXp Realty LLC

Investment Insights

Based on property information with market context.

This Galveston Island quadplex contains four vacant units, each arranged with one bedroom and one full bath. The two-story building was constructed in 1960 and measures approximately 2,210 square feet on a 0.0496-acre level lot. Improvements include a composition roof, cement board and wood siding, tile flooring, and alley access. Interior renovation remains unfinished following a completed cleanout, leaving the property ready for contractor evaluation and completion of mechanical, electrical, plumbing, kitchen, bath, and cooling work.

Located at 1911 40th St in the Galveston Outlots subdivision, the property is in FEMA flood zone AE, a Special Flood Hazard Area, with a base flood elevation of 10 feet. Flood insurance and an elevation certificate should be evaluated during due diligence. The building is offered strictly as-is, where-is, with no repairs or warranties. Seller financing is limited to cash or conventional financing; FHA and VA financing are not accepted.

Key Highlights

  • Four vacant units, each with 1 bedroom and 1 full bath
  • Approximately 2,210 square feet on a 0.0496‑acre lot
  • Two‑story quadplex built in 1960

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Pharmacy Accounting Firm Skin Care Clinic Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

656
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?
Quadplex - Vacant units allow control of the entire building without existing leases or tenant agreements.
Where is this quadplex located?
The property is located at 1911 40th St Galveston, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Four vacant units, each with 1 bedroom and 1 full bath; Approximately 2,210 square feet on a 0.0496‑acre lot; Two‑story quadplex built in 1960
More about this property
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