5015 Avenue M

Galveston, TX 77551

$391,990
Price
4
Beds
2
Baths
2,859 Sq. Ft.
$137 / Sq. Ft.
2,859
Sq. Ft.
$137
per Sq. Ft.
an aerial view of a house with a garden
a view of a house with a yard
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a living room with furniture and a window
a kitchen with stainless steel appliances granite countertop a refrigerator sink and stove
a bathroom with a sink a toilet and shower
a living room with furniture and a window
a living room with furniture and a wooden floor
a kitchen with cabinets stainless steel appliances a sink and a window
an empty room with wooden floor chandelier fan and windows
an empty room with wooden floor fan and windows
an empty room with a window and wooden floor
an empty room with wooden floor chandelier fan and windows
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a view of a house with a backyard
a front view of a house with a yard
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an aerial view of residential houses with outdoor space

Description

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...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! Repair/upgrade list available upon request (also in attachments for agents)
  1. Listed by Lauren Peak • TREC #0680578 • Fairdale Realty

Property Details for 5015 Avenue M

Area
33
Geo Market Area
Midtown - Galveston
Subdivision
Denver Resurvey
School District
22 - Galveston
Cool System
Central Gas, Window Units
LISTING UPDATED: 09/29/2024 04:00 AM

Property Details for 5015 Avenue M

StatusActive
MLS #67377815
Days on Market85
Taxes$8,840 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Triplex
Year Built1953
Lot Size0.14 AC / 5,996 SF
CountyGalveston County

Building Information for 5015 Avenue M

Stories1Residences2Year Built1953Building Size-Lot Size0.14 AC / 5,996 SF

Property Information for 5015 Avenue M

Description Information
School Details
  • School Elementary: GISD OPEN ENROLL
  • School Middle: GISD OPEN ENROLL
  • School High: BALL HIGH SCHOOL
Building Details
  • Stories: 1
  • Unit Total: 3
  • New Construction: No
  • Year Built Src: Appraisal District
Lot Information
  • Sq Ft Source: Seller
  • Lot Size Source: Appraisal District
  • Section Num: 1
  • Parcel Number: 2965-0042-0006-000
Unit Information
Unit 1
  • Unit Type: 4 Bedroom
Unit 2
  • Unit Type: 2 Bedrooms
Interior Exterior Utilities and Additional Information
Exterior Features
  • Roof: Composition
  • Heat System: Central Electric, Window Unit
  • 55+ Community: No
Financial Information
HOA and Fees
  • Maintenance Fee: No
  • Fee Other: No
  • Tax Year: 2023
  • Tax Rate: 1.75%
Financial Information
  • Tenancy Type: 1 Year

Property History for 5015 Avenue M

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5015 Avenue M

Taxable ValueLand$95,040Additions$248,070Total$343,110
Tax Record2023$8,840 ($737 / month)
Home Facts
Beds0Baths4Total Finished SqFt646 SqFtAbove Grade Finished SqFt646 SqFtStories1Lot Size5,994 SqFtStyleSingle Family ResidenceYear Built1953Year Renovated1985CountyGALVESTONAPN2965-0042-0006-000

Schools near 5015 Avenue M

This home is within Galveston Independent School District.
Rating
School
Type
Grades
Distance
Burnet Elementary School
Public - PK to 4
Morgan Elementary Magnet School
Public - PK to 4
Parker El
Public - PK to 4
Weis
Public - 5 to 8
Rating
School
Distance
Burnet Elementary School
PublicPK to 4

Morgan Elementary Magnet School
PublicPK to 4

Parker El
PublicPK to 4

Weis
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5015 Avenue M, Galveston, TX 77551

5015 Avenue M is a multi-family home for sale in Galveston, TX 77551. This property was listed for sale on September 28, 2024 by Fairdale Realty, it's currently listed at $391,990. It has been on the market for a total of 85 days and was last sold on May 12, 2023. This listing's school district is Galveston Independent School District. Nearby schools include Burnet Elementary School, Morgan Elementary Magnet School and Parker El. 5015 Avenue M is a 4-bed, 2-bath, 2,859 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fairdale Realty, Lauren Peak, TREC #0680578

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