No photo available
$649,000 Just Listed
Property 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.
Full Property Details
Full Property Details for 1500 Oleander Dr
General
- Price: $649,000
- Taxes: $4,371 (2025)
- Status: Active
- Type: Multi-Family
- Source: Houston
- MLS ID: 40844817
- Updated: 6/18/2026
- Added to Site: 4 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 2
Location
- Area: 33
- County: Galveston
- Subdivision: Norman & Boatright
- Driving 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.
School Information
- Elem School District: 52 - Texas City
- Midd School District: 52 - Texas City
- High School District: 52 - Texas City
- Elementary School: HAYLEY ELEMENTARY (TEXAS CITY)
- Middle School: LA MARQUE MIDDLE SCHOOL
- High School: LA MARQUE HIGH SCHOOL
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Structural Information
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 6,600
- Sq. Ft. Source: Owner
- Living Area: 6,600 Sq. Ft.
- Year Built: 1976
- Year Built Source: Public Records
Lot Features
- Lot Size Source: Appraiser
Financial Considerations
- Tax Amount: $4,371
- Tax Year: 2025
Disclosures and Reports
- Legal Description: ABST 150 J D MOORE SUR E 80 FT OF LOT 8 (8-0) BLK 3 NORMAN &
- APN: 5345-0003-0008-000
Listed by Joe Tramonte Realty, Inc. (409) 765-9837, Hudson Holmes (409) 765-9837 and Joe Tramonte Realty, Inc. (409) 765-9837, Jeremy Douglas (850) 591-2090
Get Pre-Approved Today
Schools
Schools serving 1500 Oleander Dr
School District:Texas City Independent School District
| Name | Grades | Distance |
|---|---|---|
Hayley Elementary School 1431 Bayou Road, La Marque, TX 77568 | K-5 | 0.5 mi |
La Marque Middl 7451 Monticello Drive, Texas City, TX 77591 | 6-8 | 2.7 mi |
La Marque High School 397 Duroux Road, La Marque, TX 77568 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1500 Oleander Dr
Date
Details
Price
Change
Source
6/18/2026
Listed
$649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1500 Oleander Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,537
113%
$349,068
88%
2023
$1,663
-8%
$186,000
20%
2018
$1,810
-53%
$155,000
—
2022
$3,817
-7%
$155,000
—
2021
$4,096
1%
$155,000
3%
2020
$4,042
-2%
$150,830
1%
2019
$4,109
4%
$150,000
7%
2018
$3,934
-18%
$140,150
-20%
2017
$4,814
250%
$175,000
250%
2016
$1,377
-62%
$50,000
-65%
2015
$3,625
-3%
$142,530
—
2013
$3,718
—
$142,530
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1500 Oleander Dr
1500 Oleander Drive, La Marque, TX 77568 (MLS# 40844817) is a Multi-Family property with 8 units containing 2 bedrooms and 0 full bathrooms. 1500 Oleander Drive is currently listed for $649,000 and was received on June 18, 2026. Want to learn more about 1500 Oleander Drive? Do you have questions about finding other Multi-Family real estate for sale in La Marque? You can browse all La Marque real estate or contact a Coldwell Banker agent to request more information.
