3417 Avenue O — Sale in Galveston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Galveston, TX 77550

Investment Figures

Cap rate
6.40%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is proud to present 3417–3419 Avenue O, a 14-unit multifamily opportunity in Galveston, Texas. The property consists of two buildings with a desirable unit mix of eight one-bedroom and six two-bedroom units. Currently operating at approximately 60 percent occupancy, this asset presents a clear and compelling value-add opportunity for investors to increase cash flow and drive significant equity through lease-up and operational improvements. Priced to generate income from day one, the property also benefits from access to Galveston’s strong Section 8 housing program, offering the potential for stable, above-market rental income. Investment Highlights: • Significant Value-Add Opportunity – 60% occupancy provides immediate upside through lease-up, rent optimization, and improved management. • Attractive Unit Mix – Combination of one-bedroom and two-bedroom units appeals to a broad tenant base, supporting long-term demand. • Section 8 Income Advantage – Ability to capitalize on higher, government-backed rents in Galveston, delivering consistent and predictable cash flow.

Market Context

This multifamily in Galveston, TX is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 87 days. Compare it against other multifamily listings for sale in Galveston, TX — view the full market.

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