3417 Avenue O (Seller Finance Available)
Multifamily | 6.40% CAP | 14 Units
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.
Investment highlights
- Significant Value-Add Opportunity – 60% occupancy provides immediate upside through lease-up, rent optimization, and improved management.
- Attractive Unit Mix – Combination of 1-bedroom and 2-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.
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