| Elementary | GISD OPEN ENROLL | N/R |
| Middle | GISD OPEN ENROLL | N/R |
| High | BALL H S CCMR 75% · Grad 96% | C |
Offered below recent appraisal, this well-located 9-unit multifamily property presents an exceptional investment opportunity on Galveston Island. The property is 100% occupied and offers immediate upside through rent escalations and optimization. Unit mix includes seven individual, free-standing 2-bedroom/1-bath structures plus one elevated duplex. All 7 units are situated on one parcel, and the duplex is located on the adjoining parcel. Providing strong income potential and long-term stability, this complex is ideally positioned on the north side of the Island, just 2 blocks from the major thoroughfare of Broadway Avenue, and 3 blocks from Harborside Drive. The Port of Galveston and the Texas A&M - Galveston campus are also conveniently nearby. Ample off-street parking is a rare Island amenity that further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale and court approval required. Proof of funds required before initial showing.
| Property Type | Residential Income |
| Property Sub Type | Detached |
| Year Built | 1950 |
| Year Built Source | PublicRecords |
| New Construction | No |
| Stories | 1 |
| Levels | One |
| Living Area | 5,588 sq ft |
| Living Area Source | Appraiser |
| Building Area Total | 5,588 sq ft |
| Roof | Composition |
| Bathrooms (total) | 7 |
| Bathrooms Full | 7 |
| Lot Size (sq ft) | 15,479 |
| Lot Size Source | Other |
| County | Galveston |
| MLS Area Major | 33 |
| MLS Area Minor | Downtown - Galveston/The Strand |
| Subdivision | Galveston Townsite |
| Postal Code | 77550 |
| Heating | Other |
| Cooling | Other |
| Tax Annual Amount | $10,724 |
| Tax Year | 2025 |
| Tax Rate (est.) | 1.43% |
| Parcel # | 3505-0337-0004-001 |
| Legal Description | ABST 628 M B MENARD SUR E 1/2 OF LOT 4 & PT OF LOTS 5,6 & N |
Texas Water Code §49.452 requires districts to publish annual notices with tax rate, bonded indebtedness, and assessed value. Most Harris-area MUDs publish these; a handful managed by Inframark do not.
Request this noticeThe §49.452 notice is the only public document that lists a MUD's exact tax rate, outstanding bond debt, and the assessed value used to compute your taxes — direct from the district, not the MLS. If the district is newer or has more bonds outstanding than its neighbors, your effective tax rate will be higher here than just across the street.
Illustrative only, not a quote. P&I assumes the values entered above. Insurance and HOA dues vary — consult licensed lender and insurance agent for accurate quote.
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HARMLS last updated Sep 24, 2026, 4:59 AM CDT. Properties may subsequently be sold or off-market.
