Income-Producing Multifamily Property in
For Sale
$1,000,000
5103 Avenue O, Galveston, TX 77551
Fully renovated 8-unit property with income potential in Galveston, TX.
Property Size4,752 SF
Lot Size0.16 Acres
Days on Market276
Property Features for 5103 Avenue O
General Information
Standard status
Active
Size
4,752 SF
Lot size
0.16 Acres
Property subtype
Investment
Lease Term
Month-to-month
Taxes and HOA fees
Annual Taxes
$13,475
Building Details
Building Size
4,752 SF
Year Built
1978
Stories
2
Units
1
Listing Agency:
KELLER WILLIAMS MEMORIAL
(281) 508-0800
Listed By:
Timothy Larson
(281) 508-0800
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 15 at 10:50AM
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 KELLER WILLIAMS MEMORIAL
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an income-producing, 8-unit multifamily property in Galveston, TX. Each unit features a one-bedroom, one-bath layout with approximately 594 square feet. Tenant comfort is ensured with two window A/C units in each unit. The property includes private rear yard access, off-street parking, and mature landscaping. Currently, the building operates as a mix of short-term Airbnb rentals and long-term leases. Four units are fully furnished, and two are actively listed on Airbnb. Additional demand is captured through Furnished Finder, catering specifically to UTMB interns and medical professionals. Professional property management is in place, with credit, background, and income verification ensuring a reliable tenant base.
Key Highlights
- Fully renovated, income‑producing 8‑unit multi‑family property.
- Mix of short‑term (Airbnb) and long‑term rental income potential.
- Four units are fully furnished, with two actively listed on Airbnb.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 77551, TX
22,677
Population
11,184
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
5,669
Density / Sq Mi
$59,792
Median Household Income
$33,721
Median Earnings
$1,342
Median Rent
$278,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully renovated 8-unit property with income potential in Galveston, TX.
Where is this apartment building located?
The property is located at 5103 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: Fully renovated, income‑producing 8‑unit multi‑family property.; Mix of short‑term (Airbnb) and long‑term rental income potential.; Four units are fully furnished, with two actively listed on Airbnb.
