1612 41 St Galveston, TX 77550
This centrally located Galveston, Texas apartment building presents a compelling investment opportunity. Built in 1958, this two-story, 100% occupied duplex offers immediate income generation. The property boasts spacious, updated units, appealing to a diverse tenant base including students attending Texas A&M Galveston and the University of Texas Medical Branch (UTMB), as well as professionals and those seeking convenient access to downtown Galveston and its amenities. Situated on 41st Street in Galveston County (zip code 77550), the building benefits from its proximity to the historic Strand District, offering abundant shopping, dining, and entertainment options. The location also provides easy access to Galveston's beaches, fostering strong rental demand for both long-term and vacation rentals. This stabilized investment, priced at $369,900, offers a chance to capitalize on Galveston's year-round appeal and robust rental market, making it an attractive option for investors seeking a coastal property with strong potential for return. The property's convenient location near educational institutions and the city center ensures consistent occupancy and a steady income stream. This is a turnkey opportunity to own a piece of Galveston's thriving real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.