Two-Building Apartment
For Sale
$1,000,000
3417 Avenue O, Galveston, TX 77550
Two-building apartment property with one- and two-bedroom residences and approximately 60 percent occupancy.
Property SizeContact for details
Days on Market114
Property Features for 3417 Avenue O
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
60%
Units
Unit Mix
8 x 1BR, 6 x 2BR
Multifamily Units
14
Amenities
Significant Value-Add Opportunity – 60% occupancy provides immediate upside through lease-up, rent optimization, and improved management.
Attractive Unit Mix – Combination of one-bedroom and two-bedroom units appeals to a broad tenant base, supporting long-term demand.
Section 8 Income Advantage – Ability to capitalize on higher, government-backed rents in Galveston, delivering consistent and predictable cash flow.
Building Details
Buildings
2
Units
14
Listing Agency:
Houston Office
Listed By:
Joshua Kasali · License #License(s): TX: 765958
(713) 452-4260
Source:
Marcusmillichap
Added: May 14
Changed: Sep 4
Last Checked: Sep 4 at 2:29AM
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 Houston Office
Investment Insights
Based on property information with market context.
Located at 3417 Avenue O in Galveston, Texas, this apartment property includes two buildings with 14 units total. The unit mix comprises eight one-bedroom apartments and six two-bedroom apartments.
Current occupancy is approximately 60 percent. The property also has access to Galveston’s Section 8 housing program, a relevant consideration for apartment operations and leasing.
Current occupancy is approximately 60 percent. The property also has access to Galveston’s Section 8 housing program, a relevant consideration for apartment operations and leasing.
Key Highlights
- 14‑unit apartment property at 3417 Avenue O in Galveston, Texas
- Two‑building configuration
- Unit mix includes eight one‑bedroom and six two‑bedroom apartments
Property Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building apartment property with one- and two-bedroom residences and approximately 60 percent occupancy.
Where is this apartment building located?
The property is located at 3417 Avenue O Galveston, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 14‑unit apartment property at 3417 Avenue O in Galveston, Texas; Two‑building configuration; Unit mix includes eight one‑bedroom and six two‑bedroom apartments
