1500 Oleander Drive
La Marque, TX 77568
$649,000
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.
| Listing Id: | 40844817 |
|---|---|
| List Price: | $649,000 |
| Property Type: | Residential Income |
| Property Sub Type: | MultiFamily |
| Status: | Active |
| Bedrooms Total: | 2 |
| Living Area: | 6,600 |
| Tax Annual Amount: | $4,371 |
| Waterfront?: | No |
| City: | La Marque |
| County Or Parish: | Galveston |
| Subdivision: | Norman & Boatright |
| Postal Code: | 77568 |
| Year Built: | 1976 |
| Number Of Units Total: | 8 |
| Basement Yn: | No |
| Building Area Total: | 6,600.0 |
| Cooling: | Central Air and Electric |
| Cooling?: | Yes |
| 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. |
| Elementary School: | HAYLEY ELEMENTARY (TEXAS CITY) |
| Elementary School District: | 52 - Texas City |
| Heating: | Central, Electric |
| Heating?: | Yes |
| High School: | LA MARQUE HIGH SCHOOL |
| High School District: | 52 - Texas City |
| Internet Automated Valuation Display?: | Yes |
| Internet Consumer Comment?: | Yes |
| Levels: | Two |
| Listing Agreement: | ExclusiveRightToLease |
| Living Area Source: | Owner |
| Lot Size Area: | 5,532.0 |
| Lot Size Source: | Appraiser |
| Lot Size Units: | SquareFeet |
| Middle Or Junior School: | LA MARQUE MIDDLE SCHOOL |
| Middle Or Junior School District: | 52 - Texas City |
| MLS Area Major: | 33 |
| MLS Area Minor: | La Marque |
| Operating Expense Includes: | Insurance, Maintenance, RealEstateTax |
| Original List Price: | $649,000 |
| Parcel Number: | 5345-0003-0008-000 |
| Postal City: | La Marque |
| Public Survey Section: | 0 |
| Roof: | Composition |
| Status: | Active |
| State Or Province: | TX |
| Stories: | 2 |
| Street Number Numeric: | 1,500 |
| Tax Year: | 2025 |
| Universal Property: | US-48167-N-534500030008000-R-N |
| Year Built Source: | PublicRecords |
| Listing Key: | 1175125942 |
| Current Price: | $649,000.00 |
| Country Subdivision: | 48167 |
| Record Signature: | 3,206,297 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:48167:5345-0003-0008-000 |
Listing Courtesy of: Joe Tramonte Realty, Inc.
Listing Agent: Hudson M Holmes
409-765-9837
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Houston Association of REALTORS® data last updated on October 26, 2026 11:38 PM - CT.
Property Last Updated: October 26, 2026 11:38 PM - CT
