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Remodeled Triplex
For Sale
$529,000

5315 Avenue R, Galveston, TX 77551

Three occupied residences offer updated interiors, in-unit laundry, and stainless-steel appliances.

Property Size2,903 SF
Days on Market8

Property Features for 5315 Avenue R

General Information

Standard status Active
Size 2,903 SF
Property subtype Investment
Occupancy 100%
Lease Term 12 months

Units

Unit Mix 2 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $5,238

Amenities

stainless-steel appliances
quartz countertops
in-unit washer/dryers
designer bathrooms

Building Details

Building Size 2,903 SF
Year Built 1960
Year Renovated 2021
Buildings 2
Stories 1
Units 2
Listed By: Eric Tucker
Source: Elliman
Added: Sep 11 Changed: Sep 17 Last Checked: Sep 16 at 5:54PM

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 Eric Tucker

Investment Insights

Based on property information with market context.

Built in 1960 and remodeled in 2021, this triplex contains a front duplex and a separate rear residence. The duplex includes two 2-bedroom, 2-bath units, each measuring 1,002 square feet. The detached rear unit provides 3 bedrooms and 2 baths within 899 square feet.

Interior features include stainless-steel appliances, quartz countertops, in-unit washer and dryers, and updated designer bathrooms. All three units are currently occupied. The property is located at 5315 Avenue R in Galveston, Texas, with a Walk Score of 43 and a Bike Score of 45.

Key Highlights

  • Remodeled in 2021; originally built in 1960
  • Front duplex contains two 2‑bedroom, 2‑bath units
  • Each duplex unit measures 1,002 sq ft

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Veterinary Clinic Cosmetic Store Pet Grooming Service

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

737
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three occupied residences offer updated interiors, in-unit laundry, and stainless-steel appliances.
Where is this triplex located?
The property is located at 5315 Avenue R Galveston, TX.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Remodeled in 2021; originally built in 1960; Front duplex contains two 2‑bedroom, 2‑bath units; Each duplex unit measures 1,002 sq ft
More about this property
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