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$435,000

2328 Avenue P 1/2, Galveston, TX, 77550

$509,253 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths2,536 Sq Ft
QuadruplexQuadruplex
price_per_sqft$171.53 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
CoolingCooling
FlooringTile, Hardwood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size2,666 sqft

Building Information

Year Built1962
Stories2
Roof Type115
Garage Spaces1

Land Information

APN3510-0092-1014-003
Lot Number14
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR S 61-8 FT OF LOT 14 (1014-3) NE BLK 92 GALVESTON OUTLOTS
Census Tract724800
Assessed Land Value$47,320
Assessed Improvement Value$246,820
Assessment Year2025

About this property

Excellent opportunity just steps from Galveston’s iconic Pleasure Pier and Seawall! Offered at a favorable price per sq foot, this versatile 4-unit property offers approximately 2,500 SF with a studio, two 1-bedroom units, and a 2-bedroom unit. Three recently renovated units offer a modern, coastal flair and make this an appealing vacation option for visitors/tenants. Currently operated with a combination of short- and long-term rentals, the property provides multiple income streams and flexibility for future ownership. A true Galveston luxury—off-street parking! Two dedicated spaces are especially valuable in this highly desirable location. Guests can leave the car behind and walk to the beach, Pleasure Pier, Seawall, restaurants, nightlife, and Island attractions. Backyard and sitting areas for relaxation. The variety of unit sizes appeals to couples, families, weekend visitors, and longer-term residents. Financial and operating history provided by the Seller is available for review.

Investor Tools

$168,854Estimated Mortgage Balance
$194,146Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$509,252
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,610 /month
Positive
Cash Flow Estimate:
$870 /month

Interested in this property?

Hudson Holmes

Joe Tramonte Realty, Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,065
$281,866
2025
$47,320
$246,820
$294,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,065
$281,866

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
J S C Federal Credit Union
Unknown
$103,837
No
First
Aug 11, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$168,854
$194,146
53%
47%
$1,246/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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