1322 Avenue L - Multi-Family FOR SALE


Galveston, TX 77550- San Jacinto
$1,079,000 USD
281-407-1886
1322 Avenue L, Galveston, TX for Sale
$1,079,000 USD
Multi-Family - FOR SALE
1/10
null | 9.13% Cap Rate

1322 Avenue L
Galveston, TX 77550
San Jacinto


OVERVIEW

Charming 7-Unit Apartment Building in Prime Galveston Location Nestled on a quiet residential street, this 7-unit apartment building presents a rare opportunity in one of Galveston’s most desirable areas. Each unit features a thoughtfully designed layout, with several offering private porches or decks that blend coastal charm with modern comfort. Residents enjoy off-street, assigned parking in the rear, a highly sought-after amenity that adds convenience and value in this central location. The building’s mix of floor plans appeals to a diverse range of tenants—from students and medical professionals to those seeking a serene island retreat. With UTMB, the beach, and downtown Galveston all within walking distance, this property delivers the ideal combination of accessibility, rental stability, and long-term investment potential.

FOR SALE DETAILS

PRICE

$1,079,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

7

PRICE/UNIT

$154,143

CAP RATE

9.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gulf Breeze Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

3505-0073-0013-000

ASK ABOUT THIS PROPERTY

John TohmeTohme Capital LLCMore Info
281-407-1886

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John TohmeTohme Capital LLCMore Info
281-407-1886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.