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1500 Oleander Dr

La Marque, TX 77568
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Just listedJust listed
6,600 Sqft
5,532 Lot Sqft
Multi-Family

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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.

MLS#
40844817
List Price
$649,000 ($98/Sqft.)
Listing Status
For Sale
Address
1500 Oleander Dr
City
La Marque
State
TX
Zip Code
77568
County
Galveston County
Legal Description
ABST 150 J D MOORE SUR E 80 FT OF LOT 8 (8-0) BLK 3 NORMAN &
Property Type
Multi-Family
Stories
2
Building Size
6,600 Sqft/Seller
Year Built
1976 /Appraisal District
Lot Size
5,532 Sqft/Appraisal District
Market Area

Exterior

Roof
Composition

Extra details you may need to know

List Type
Exclusive Right to Sell/Lease

Financial information

Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$4,371/2025
Tax Rate
2.2073

Interior

Cooling
Central Electric
Heating
Central Electric

Rooms

2 Bdr #
8

Lot Information

Lot Size
5,532 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

Houston Association of REALTORS®
Source last updated Jun 18, 2026 at 10:36 PM
Listing last updated Jun 18, 2026 at 01:57 PM
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

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Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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