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1500 Oleander Dr, La Marque, TX 77568

$649,000
: 2
BD
: 6,600
SqFt

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List Price: $649,000
MLS#: 40844817
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1976
Bedrooms: 2
Living Area: 6,600
County: Galveston
Area: 33
City: La Marque
Subdivision: Norman & Boatright

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Property Description

Rare investment opportunity in a growing market. Add eight income-producing units to your residential leasing portfolio at less than $82,000 per door. Consisting of two well-maintained fourplexes, this property offers affordability, stability, and long-term upside. The units are easy to lease due to competitive rental rates and a location convenient to major employment centers. Easy access to I-45, off-street paved parking, and a practical layout support strong tenant demand. Positioned to benefit from continued regional growth, the property offers an attractive entry point below replacement cost. Low-maintenance construction and straightforward management make it ideal for investors seeking dependable cash flow and future appreciation. Located outside the 100-year flood plain, the property offers added confidence and reduced ownership risk.

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Additional Information

Unexempt Taxes: $4,371
Lot Size: 5,532
Roof: Composition
Stories: 2
School District: Texas City
Elementary School: Hayley Elementary (Texas City)
Middle School: La Marque Middle School
High School: La Marque High School