Multifamily
3417 Avenue O
3417 Avenue O, Galveston, TX 77550
Listing Price: $1,000,000
Investment Overview
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.
3417 Avenue O
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.
Exclusively Listed By
Listing Price: $1,000,000
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.
Investment Overview
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.
Exclusively Listed By
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