5311 Perry Ave Galveston, TX 77551
This charming Galveston triplex, situated on a quiet street at 5311 Perry Ave, presents a compelling investment opportunity. Built in 1965, this two-story building boasts a total of 3,373 square feet on a 0.14-acre lot. The property comprises three distinct apartments: two spacious two-bedroom units, ideal for families or roommates, and one cozy one-bedroom unit on the ground floor. Each apartment is equipped with central air and heat, ensuring year-round comfort, and two of the units feature recently installed air conditioning systems. The property has undergone partial updates, blending modern conveniences with its classic charm, including updated kitchens. Located in Galveston, Texas, zip code 77551, this multifamily property offers a fantastic chance to generate steady rental income. The asking price is $399,000, translating to $118.29 per square foot. Whether you're a seasoned investor seeking strong returns or a first-time buyer building your portfolio, this triplex represents a rare find in the desirable Galveston Island market. Its versatile layout and proven rental history make it an attractive proposition for immediate income generation and long-term appreciation.
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.
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Risks
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