$660,047
1122 45th Street, Galveston, TX, 77550
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About this property
Unique opportunity to own a solid & well maintained investment property with two residential units & one commercial unit on a spacious corner lot. 2 of the 3 units have longstanding tenants. The commercial space, 1122 45th St., is currently leased to Knapp Flower Shop, a Galveston landmark that has operated from this location since 1947. Business is not for sale. It has 3,940 sq.ft., an attached 3 car garage used for storage, & it’s own entrance on 45th Street. The 2nd unit, 4426 Ave. L is a 3/2.5 in 1,447 sq.ft. that has a private entrance through a lovely garden courtyard, separate utility meters, and 2 screened balconies. The shared garden area is also accessible from the 3rd unit, 4428 Avenue L that is a 3/2.5ba. in 2,340 sq.ft. It has a front entrance on Ave L & original hardwood flooring upstairs. It is currently open & ready for a new owner; it could be a spacious family home with expenses fully covered by the rental income from the other two units. Make your appointment today.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Galveston
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