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Image 1 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 2 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 3 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 4 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 5 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 6 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 7 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 8 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Image 9 - 5015 Avenue M, Galveston, Texas, 77551 - House for sale
Avenue M, Galveston, Home For Sale
5015 Avenue M, Galveston, Texas, 77551

Avenue M, Galveston, Home For Sale

house for sale
Listed: 06/27/24

5015 Avenue M, Galveston, Texas, 77551

6 Bed:
2 Bath:
2,859 Sq Ft Living Area:
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Price
$ 409,990

About This House

Welcome to 5015 Avenue M, a strategically located triplex offering an exceptional opportunity for investors seeking steady rental income in the heart of Galveston, TX. This property consists of three separate units, each uniquely designed to maximize comfort and functionality while ensuring a lucrative return on investment. Unit one (the front main house) consists of four bedrooms and two bathrooms, central AC, storm shutters, and vinyl flooring. Units two and three in the back of the property include two bedrooms and one bathroom, recently renovated with updated kitchens and bathrooms with vinyl flooring. Consistently high occupancy rates with long-term tenants. Current rental income of $4518 total per month, with potential for rent increases in line with market trends. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this triplex represents a rare opportunity to acquire a turnkey property with immediate income potential!!

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Galveston Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
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In June 2024, the asking price for 2 bed houses for sale in/near Galveston, United States averaged $326,044, a decrease of 21.3% from the previous month.
Median price trends for properties for sale in Galveston, United States as of June 2024.

Household Income

Median household income: $42,486
Number of households: 20,664
The average household income in Galveston, TX grew from $42,216 to $42,486 in the past year. This data is an estimate based upon 20,664 households in Galveston, TX.
The chart below presents how household income is distributed in Galveston, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Galveston, TX compared to median property taxes around the country. The prevalent amount of property taxes in Galveston, TX equals $3k+ , which is less than the national average.