1500 OLEANDER DRIVE, LA MARQUE, TX 77568
Homes for sale in La Marque.
Homes for sale in 77568.
List Price$649,000
1500 Oleander Drive
La Marque, TX 77568
Listing #40844817
2
Bedrooms
6,600
Square Feet
8
Number of Units
Multi-Unit Residential
Type
About This Property
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.
Property Features
Location Information
County
Galveston
Longitude
-94.96599
MLS Area
La Marque
Subdivision
Norman & Boatright
Latitude
29.360729
Directions
From I-45, take Bayou Rd to Oleander Dr; turn right, the property will be on your right on the corner of Howell Ave.
Interior Features
Total Number of Units
8
Exterior Features
Stories
2
Lot Size in Sq. Ft.
5,532
Is New Construction
No
Is One Story
No
Lot Size in Acres
0
School
School District
Texas City
Middle School
LA MARQUE MIDDLE SCHOOL
Elementary School
HAYLEY ELEMENTARY (TEXAS CITY)
High School
LA MARQUE HIGH SCHOOL
Additional Information
Property Type
RI
Year Built
1976
Property SubType
Multi Family
Status
Active
Similar Listings
Mortgage Calculator
$3,029
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,338
Monthly Tax
$540
Monthly Insurance
$151
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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