$383,000
328 1st St, Galveston, TX, 77550
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Single story duplex in fabulous location 1 block to Seawall and less than half mile from UTMB. Each unit is a 2 bedroom, 1 bathroom with large kitchen, eating, living area. Each side has its own garage and driveway. Unit B (right side) has been updated in the past few years with new HVAC, interior paint, luxury vinyl plank flooring, and granite counters in the kitchen. Bathroom features new tub, surround, and vanity. Unit A (left side) has not been updated and had been used for storage. Unit B has a tenant in place through end of May 2025. Perfect value-add opportunity for an investor to receive rental income from day 1 while fixing up Unit A. New roof completed in July 2022 - see attachments for WPI8 windstorm certification. Located in preferred Flood Zone X. Occupied unit may be viewed Monday, 5/13/24 5 pm - 7 pm.
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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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