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Property profile & analytics
OFF-MARKET
Apartment buildings

1612 41 St Galveston, TX 77550

Built 1958
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1958
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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