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    315 8Th Ave Texas City, TX 77590

    For Sale
    $398,000

    High-yield, stabilized fourplex in Texas City.

    Property size:
    2,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a four-unit, Class B multifamily property located at 315 8th Ave N, Texas City, TX 77590. The property, built in 1953 and extensively renovated in 2022, boasts a total of 2,664 square feet situated on a 7,125 square foot lot. The two-story building currently enjoys 100% occupancy as of September 1, 2023, generating a strong pro-forma NOI of $23,440, representing a 6.00% cap rate. Priced at $398,000, this translates to an attractive price per unit of $99,500. This stabilized, value-add investment offers immediate cash flow and significant upside potential within the growing Texas City real estate market. The property's strong performance and recent renovations minimize immediate capital expenditure needs, allowing investors to focus on maximizing returns. This fourplex presents a compelling opportunity for both seasoned investors and newcomers seeking a profitable entry into the multifamily market. The property's location in Galveston County provides convenient access to local amenities and infrastructure. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving Texas market.

    Property Features for 315 8Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,664 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1953/2022
    Buildings
    1
    Stories
    2
    Units
    4
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Texas City
    County
    Galveston
    State
    Texas
    Longitude
    -94.898790347732
    Latitude
    29.392448659169

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    FAQs

    What type of property is this?
    Multifamily property - High-yield, stabilized fourplex in Texas City.
    Where is this multifamily property located?
    The property is located at 315 8Th Ave Texas City, TX.
    What is the asking price?
    The asking price for this property is $398,000.
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    315 8Th Ave Texas City, TX 77590
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    Texas City, TX 77590
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 8Th Ave Texas City, TX 77590
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