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23-Unit Multifamily Property

2422 Avenue Q, Galveston, TX 77550

For Sale
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MF1-zoned residential property near Galveston’s waterfront attractions and employment centers.

Property Size16,398 SF
Lot Size0.41 Acres
Price / SF$36.59
Days on Market33

Property Features for 2422 Avenue Q

General Information

Standard status Active
Size 16,398 SF
Lot size 0.41 Acres
Property subtype Multifamily
Zoning MF1

Additional Details

Highway Access Yes
Multifamily Units 23
Listing Agency: Landmark Commercial Real Estate Services
Listed By: Eli Neuman · License #6501456898
Source: Crexi
Added: Oct 8 Changed: Nov 9 Last Checked: Nov 8 at 5:31PM

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 Landmark Commercial Real Estate Services

Rey
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Investment Insights

Based on property information with market context.

Waldorf Apartments is a 23-unit multifamily property on approximately 0.41 acres, with about 16,398 square feet of building area. The site carries MF1 zoning and is located at 2422 Avenue Q in Galveston, Texas.

The property is less than 1/4 mile from the Gulf Coast, Seawall, beaches, and Pleasure Pier, with Historic Downtown Galveston and The Strand nearby. Regional connections include I-45 and a roughly 50-mile trip to Downtown Houston. UTMB Health, Texas A&M University at Galveston, the Port of Galveston, and tourism contribute to the island’s employment and visitor economy; Galveston draws more than 7 million annual visitors.

Key Highlights

  • 23‑unit multifamily property
  • Approximately 16,398 square feet on 0.41 acres
  • Zoned MF1

Property Analytics

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Lease Details

23
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

720
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
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Market

Average Price Trend$/SF for Multifamily properties in Galveston, TX

$248 Jul
$229 Aug
$237 Sep
$228 Oct

Properties on Market for Multifamily properties in Galveston

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - MF1-zoned residential property near Galveston’s waterfront attractions and employment centers.
Where is this multifamily property located?
The property is located at 2422 Avenue Q Galveston, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 23‑unit multifamily property; Approximately 16,398 square feet on 0.41 acres; Zoned MF1
(248) 488-2620 · Office Call to check price and availability
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