5311 Perry AveGalveston, TX 77551

For Sale
$399,000

Three-unit apartment building, strong rental income potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This charming Galveston triplex, situated on a quiet street at 5311 Perry Ave, presents a compelling investment opportunity. Built in 1965, this two-story building boasts a total of 3,373 square feet on a 0.14-acre lot. The property comprises three distinct apartments: two spacious two-bedroom units, ideal for families or roommates, and one cozy one-bedroom unit on the ground floor. Each apartment is equipped with central air and heat, ensuring year-round comfort, and two of the units feature recently installed air conditioning systems. The property has undergone partial updates, blending modern conveniences with its classic charm, including updated kitchens. Located in Galveston, Texas, zip code 77551, this multifamily property offers a fantastic chance to generate steady rental income. The asking price is $399,000, translating to $118.29 per square foot. Whether you're a seasoned investor seeking strong returns or a first-time buyer building your portfolio, this triplex represents a rare find in the desirable Galveston Island market. Its versatile layout and proven rental history make it an attractive proposition for immediate income generation and long-term appreciation.

Highlights

  • $399,000 asking price for this Galveston, TX multifamily investment opportunity.
  • 3,373 square feet on a 0.14-acre lot.
  • Two-story, 1965-built triplex with a price per square foot of $118.29.
  • Features three units: two 2-bedroom apartments and one 1-bedroom apartment.
  • Partially updated with updated kitchens and two recently installed A/C units.

Property Details for 5311 Perry Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
3,373 SF
Year Built
1965
Stories
2
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Galveston
County
Galveston
State
Texas
Latitude
29.2851368
Longitude
-94.8248813
5311 Perry Ave, Galveston, Texas

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5311 Perry Ave
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