1322 Avenue L - Multi-Family FOR SALE


Galveston, TX 77550- San Jacinto
$1,250,000 USD
281-407-1886
1322 Avenue L, Galveston, TX for Sale
$1,250,000 USD
Multi-Family - FOR SALE
1/11
null | 7.88% Cap Rate

1322 Avenue L
Galveston, TX 77550
San Jacinto


OVERVIEW

Nestled on a quiet residential street, this 7-unit apartment building offers a rare opportunity in one of Galveston’s most desirable locations. Featuring a mix of thoughtfully designed layouts, some of the apartments comes with their own private porch or deck, creating a perfect balance of comfort and charm. Residents enjoy the convenience of assigned parking in the back, a sought-after amenity in the area. The building’s variety of floor plans makes it ideal for a diverse range of tenants, from students and medical professionals to those seeking a coastal retreat. With UTMB, the beach, and downtown all within easy walking distance, the property combines prime location with everyday convenience. Whether for investment or long-term ownership, this building offers both strong rental appeal and lifestyle value.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

7

PRICE/UNIT

$178,571

CAP RATE

7.88%

% 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.