About 1500 Oleander Drive
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.
Features of 1500 Oleander Drive
| MLS® # | 40844817 |
|---|---|
| Price | $649,000 |
| Bedrooms | 2 |
| Square Footage | 6,600 |
| Square Footage | 5532 |
| Acres | 0.13 |
| Year Built | 1976 |
| Type | Residential Income |
| Sub-Type | Multi Family,5 Plus |
| Status | Active |
Community Information
| Address | 1500 Oleander Drive |
|---|---|
| Area | 33 |
| Subdivision | Norman & Boatright |
| City | La Marque |
| County | Galveston |
| State | TX |
| Zip Code | 77568 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Composition |
|---|
School Information
| District | 52 - Texas City |
|---|---|
| Elementary | Hayley Elementary (Texas City) |
| Middle | La Marque Middle School |
| High | La Marque High School |
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | Joe Tramonte Realty, Inc. |
|---|