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Galveston Multifamily Near Seawall
For Sale
$900,000

3102 Avenue R, Galveston, TX 77550

Seven-unit multifamily property near Galveston's Seawall Boulevard.

Property Size4,871 SF
Lot Size0.12 Acres
Days on Market280

Property Features for 3102 Avenue R

General Information

Standard status Active
Size 4,871 SF
Lot size 0.12 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $13,385

Building Details

Building Size 4,871 SF
Year Built 1955
Stories 2
Listing Agency: Space City Realty, LLC
Listed By: Annie Tran · License #0639533
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 22 Last Checked: Sep 4 at 8:55AM

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 Space City Realty, LLC

Investment Insights

Based on property information with market context.

This multifamily property in Galveston features seven units and is located within walking distance of restaurants such as The Spot, Island Time Beach Bar, and The Poop Deck, as well as the Historic Pleasure Pier. The property is currently 100% leased, presenting an opportunity to update leases for increased revenue. Each unit includes a kitchen and a full bath; some units have two bedrooms, while others are single units. The property has city water and sewer, and tenants are responsible for all utilities. The roof was replaced in 2017, and there is no HOA.

Key Highlights

  • Prime Location: Walking distance to Seawall Blvd, restaurants, and Historic Pleasure Pier.
  • Income Potential: 100% leased with opportunity to update leases for increased revenue.
  • Multiple Units: Features 7 units, each with a kitchen and full bath.

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

518
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 property near Galveston's Seawall Boulevard.
Where is this apartment building located?
The property is located at 3102 Avenue R Galveston, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime Location: Walking distance to Seawall Blvd, restaurants, and Historic Pleasure Pier.; Income Potential: 100% leased with opportunity to update leases for increased revenue.; Multiple Units: Features 7 units, each with a kitchen and full bath.
More about this property
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