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$921,365

NAL Estimated Property Value

1002 11th St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths6,468 Sq Ft
Multi FamilyMulti Family
price_per_sqft$185.53 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Floor/WallHeating Floor/Wall
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher, Refrigerator
FlooringWood, Hardwood

Exterior

Lot Size5,162 sqft

Building Information

Year Built1971
Stories2
Roof Type121

Land Information

APN3505-0130-0001-000
Lot Number1
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 1 BLK 130 GALVESTON
Census Tract724400
Assessed Land Value$234,780
Assessed Improvement Value$686,585
Assessment Year2025

About this property

What a beautiful piece of Galveston. You could not own a better investment property. A short walk to UTMB campus, the Strand shopping area, the beach and Seawall, and dozens of restaurants and entertainment spots. The property contains four one bedroom/one bathroom units, and four two bedroom/one bathroom units. All units are completely furnished with all appliances including washer and dryer, all furniture, pots and pans, dishes, silverware, TV, wall art, and decorations. These units were completely remodeled approximately seven years ago. The electrical, plumbing, lighting, and many other features were updated. The heat and air conditioning is individually controlled with mini-split units. New cabinets, solid surface counter tops, doors, and windows complete the re-model. Beautiful, refinished, original hardwood floors in each unit. Make an appointment today; This property won't last long.

Investor Tools

Property Icon
$921,365
Estimated Property Value
$9,640,618Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,973/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,063
$921,365
2025
$234,780
$686,585
$921,365
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,063
$921,365

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Commercial
$10,000,000
No
First
May 24, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$9,640,618
N/A
0%
1046%
$59,956/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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1002 11th St | Property Details | No Agent List