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$998,000

Located in the charming lakefront community of Seabrook, this well-maintained 12-unit apartment complex presents a strong investment opportunity in a highly sought-after area. The property includes a mix of four 2-bedroom, 1-bathroom units & eight 1-bedroom, 1-bathroom units—perfectly suited for a variety of tenants. All 2-bedroom units feature private, fenced backyards, offering additional outdoor living space—a rare find in multifamily properties. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing. As well as 1 covered parking space per unit. 10 of the units have had their HVAC systems replaced within the last 4 years, significantly reducing ongoing maintenance costs. The complex features onsite laundry facility w/ 2 coin-operated washers & dryers. 2025 NOI= $68,852 with rent increases underway & huge upside to turn into vacation rental, within walking distance to Clear Lake-watercraft rentals, waterfront restaurants & nightlife.

2 Beds ⋅ 1 Baths ⋅ 62475308 MLS ⋅ ACTIVE Status

1914 Larrabee St Unit 1-12, Seabrook

$2,200,000

This multi-unit property offers 11 well-appointed bedrooms, 10 bathrooms, and 7 fully equipped kitchens, the property includes a mix of one- and two-bedroom units, studios, and lofts. Amenities, including a large lap pool, multiple decks, covered patios, an oversized garage, workshop space, and storage. Most units are equipped in-unit washers and dryers, additional on-site laundry facilities. Designed in a charming Hacienda style, the complex is enclosed by a combination of concrete and wood fencing. The spacious 2,900 sq ft main residence provides the perfect opportunity for owner occupancy while generating rental income from the 7 remaining units. With a strong rental history and consistently low vacancy rates, this property presents a compelling investment opportunity. Whether you're seeking a private family compound or a high-performing addition to your rental portfolio, this rare, income-producing property is not to be missed. Blocks to Galveston Bay and Pine Gully Park.

29102616 MLS ⋅ ACTIVE Status

614 Pine Gully Rd, Seabrook

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