5015 Avenue M Galveston, TX 77551
Lasker Park NeighborhoodEstimated payment $2,807/month
Highlights
- Cooling System Powered By Gas
- Central Heating and Cooling System
- 1-Story Property
- Oppe Elementary School Rated A-
About This Home
**BRAND NEW ROOFS JUST INSTALLED ON ALL THREE UNITS!!** Welcome to 5015 Avenue M, a strategically located triplex offering an exceptional opportunity for investors seeking steady rental income in the heart of Galveston, TX. Unit one (the front main house) consists of four bedrooms and two bathrooms, central AC, storm shutters, and vinyl flooring. Units two and three in the back of the property include two bedrooms and one bathroom each, recently renovated with updated kitchens and bathrooms with vinyl flooring. Consistently high occupancy rates with long-term tenants. Rental income of $4676 total per month, with potential for rent increases in line with market trends. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this triplex represents a rare opportunity to acquire a turnkey property with immediate income potential!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,840
Year Built
- Built in 1953
Lot Details
- 5,996 Sq Ft Lot
Home Design
- Triplex
- Composition Roof
Interior Spaces
- 2,859 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Gisd Open Enroll Elementary And Middle School
- Ball High School
Utilities
- Cooling System Powered By Gas
- Window Unit Cooling System
- Central Heating and Cooling System
- Window Unit Heating System
Community Details
- 3 Units
- Denver Resurvey Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,938 | $352,810 | $95,040 | $257,770 |
| 2024 | $5,938 | $343,110 | $95,040 | $248,070 |
| 2023 | $5,938 | $505,830 | $73,450 | $432,380 |
| 2022 | $7,093 | $351,800 | $73,450 | $278,350 |
| 2021 | $7,328 | $323,970 | $73,450 | $250,520 |
| 2020 | $5,392 | $225,000 | $24,740 | $200,260 |
| 2019 | $4,990 | $202,340 | $24,740 | $177,600 |
| 2018 | $5,073 | $205,000 | $24,740 | $180,260 |
| 2017 | $5,058 | $206,880 | $24,740 | $182,140 |
| 2016 | $4,318 | $176,630 | $24,740 | $151,890 |
| 2015 | $3,556 | $143,680 | $24,740 | $118,940 |
| 2014 | $2,247 | $89,600 | $24,740 | $64,860 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/28/2024 09/28/24 | For Sale | $391,990 | +23.5% | $137 / Sq Ft |
| 05/12/2023 05/12/23 | Sold | -- | -- | -- |
| 04/26/2023 04/26/23 | Pending | -- | -- | -- |
| 04/04/2023 04/04/23 | Price Changed | $317,349 | -20.7% | $111 / Sq Ft |
| 03/19/2023 03/19/23 | Price Changed | $399,990 | -14.9% | $140 / Sq Ft |
| 02/03/2023 02/03/23 | Price Changed | $469,990 | -3.1% | $164 / Sq Ft |
| 01/06/2023 01/06/23 | For Sale | $484,990 | -- | $170 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Stewart Title | |
| Warranty Deed | -- | Chicago Title West Beach |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $11,020 | New Conventional | |
| Open | $275,500 | New Conventional | |
| Previous Owner | $177,616 | New Conventional | |
| Previous Owner | $8,000 | Unknown | |
| Previous Owner | $96,000 | No Value Available |
Source: Houston Association of REALTORS®
MLS Number: 67377815
APN: 2965-0042-0006-000
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