Marketing description
Marcus & Millichap is proud to present 3417–3419 Avenue O, a 14-unit multifamily opportunity in Galveston, TX. The property consists of two buildings with a desirable unit mix of eight 1-bedroom and six 2-bedroom units, constructed with durable materials including brick and concrete exteriors for long-term resilience and reduced maintenance. Currently operating at approximately 60% 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.