▼ 3%
50
$385,000
$395,000
4 beds · 2 baths · 1,597 sq ft
5420 Avenue O
Galveston, TX, 77551
5th Stream Realty
$90,000
3013 Avenue M 1/2
Galveston, TX, 77550
Repliers estimate
$335,000
Range $308,200 to $361,800
▲ 272.2% vs, list
Based on Galveston median sold (12-mo). Estimate is illustrative; pair with a professional CMA for offers.
About this home
Unlock the potential of Galveston’s rapidly revitalizing Midtown district with this prime 5,000+ sqft development opportunity. Positioned in the path of growth and surrounded by ongoing new construction and redevelopment, this property comes with engineering plans in place for an 8-unit apartment complex—allowing investors to accelerate timelines and reduce upfront planning costs.The lot also features valuable alley access, providing added flexibility for parking, service entry, and efficient site design—an important advantage for multifamily development. With strong demand for multifamily housing in the area, this site is ideally suited for developers seeking to capitalize on rental income potential and long-term appreciation. Whether you move forward with the existing plans or tailor the project to your own vision, the flexibility and location make this a standout investment.
Property details
- Property type
- Land
- Style
- Lots
- Water
- Public
- Sewer
- Public Sewer
- Lot
- 0.1203 acres
- Taxes / yr
- $1,634
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