Investor Special – Fully Occupied Income Property Near Kemah Boardwalk
Excellent cash-flowing investment opportunity in a highly desirable Kemah location. Property is 100% occupied with a strong rental history and units that lease quickly when available.
Property Breakdown:
• 1 – 3 bed / 2 bath single-family home
• 2 – 2 bed / 1 bath units
• 1 – Efficiency unit
Income:
• Gross rental income: $3,700/month
• Additional $150/month from on-site coin-operated laundry
Key Investment Highlights:
• Commercial zoning – potential for future redevelopment or mixed use
• Situated on two lots
• Strong rental demand area
• Value-add potential with future rent increases
• Walking distance to Kemah Boardwalk, Galveston Bay, restaurants, shopping, and Stewart Elementary
Great opportunity for investors seeking immediate income with long-term upside in a high-demand coastal market.
For sale
$345,000
135 W 5th St, Kemah, TX 77565
3beds
2,206sqft
Quadruplex
Built in 1950
-- sqft lot
$-- Zestimate®
$156/sqft
$-- HOA
What's special
Situated on two lotsEfficiency unit
- 112 days |
- 189 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
William Wimmer TREC #0655793 713-894-6825,
EVERAGENT
Source: HAR,MLS#: 83783799
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Natural Gas
Cooling
- Electric, Window Unit(s)
Interior area
- Total structure area: 2,206
- Total interior livable area: 2,206 sqft
Property
Features
- Stories: 1
Lot
- Size: 0.33 Acres
Details
- Parcel number: 748500040017000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Utilities for property: Cable Connected, Electricity Available, Natural Gas Connected, Water Connected
Community & HOA
Community
- Subdivision: West Kemah
Location
- Region: Kemah
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $336,000
- Annual tax amount: $6,638
- Date on market: 3/17/2026
- Listing terms: Cash,Conventional,Investor,Owner Will Carry
- Lease term: 1 Year
Estimated market value
Not available
Estimated sales range
Not available
$2,330/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Listed for sale | $345,000+4.5%$156/sqft |
Source:  HAR #83783799 Report a problem | ||
| 10/28/2020 | Listing removed | $330,000$150/sqft |
Source: Realty Executives Advantage #67792459 Report a problem | ||
| 7/2/2020 | Listed for sale | $330,000+88.6%$150/sqft |
Source: Realty Executives Advantage #67792459 Report a problem | ||
| 4/21/2014 | Listing removed | $175,000$79/sqft |
Source: Capital Trust Realty #69136076 Report a problem | ||
| 11/12/2013 | Listed for sale | $175,000$79/sqft |
Source: Capital Trust Realty #69136076 Report a problem | ||
| 6/3/2011 | Listing removed | $175,000$79/sqft |
Source: Prudential Gary Greene, Realtors #79240012 Report a problem | ||
| 11/3/2010 | Listed for sale | $175,000-15.3%$79/sqft |
Source: Prudential Gary Greene #79240012 Report a problem | ||
| 9/29/2010 | Listing removed | $206,500$94/sqft |
Source: Prudential Real Estate #78055642 Report a problem | ||
| 5/2/2010 | Listed for sale | $206,500$94/sqft |
Source: Prudential Gary Greene #41683048 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,375 -1.1% | $336,000 |
| 2024 | $2,401 -0.9% | $336,000 |
| 2023 | $2,422 | $336,000 +4.8% |
| 2022 | -- | $320,480 -0.8% |
| 2021 | $2,030 -12.6% | $323,150 +25.8% |
| 2020 | $2,324 +11.2% | $256,900 +11.4% |
| 2019 | $2,089 -58.6% | $230,520 +9.8% |
| 2018 | $5,050 | $210,000 |
| 2017 | $5,050 +26.2% | $210,000 +27.6% |
| 2016 | $4,001 +120.8% | $164,570 |
| 2015 | $1,812 +25.9% | $164,570 +35.9% |
| 2014 | $1,439 | $121,070 |
| 2013 | -- | $121,070 |
| 2012 | -- | $121,070 -3.9% |
| 2011 | -- | $126,000 +110% |
| 2010 | -- | $60,010 -23.9% |
| 2009 | -- | $78,840 -34.4% |
| 2008 | -- | $120,160 |
| 2007 | -- | $120,160 |
| 2006 | -- | $120,160 |
| 2005 | -- | $120,160 +30.1% |
| 2004 | -- | $92,340 |
| 2003 | -- | $92,340 +261.6% |
| 2002 | -- | $25,540 |
| 2001 | -- | $25,540 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 77565
Nearby schools
GreatSchools rating
- 6/10Lavace Stewart Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 8/10Bayside Intermediate SchoolGrades: 6-8Distance: 2.5 mi
- 7/10Clear Falls High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Stewart Elementary School (Clear Creek)
- Middle: Bayside Intermediate School
- High: Clear Falls High School
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Galveston County
- Kemah
- 77565
- 135 W 5th St
Nearby cities
Nearby zip codes
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