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$497,900

NAL Estimated Property Value

1004 Broadway St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths3,940 Sq Ft
Multi FamilyMulti Family
price_per_sqft$126.88 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Refrigerator
FlooringMarble, Wood, Hardwood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size2,570 sqft

Building Information

Year Built1960
Stories2
Roof Type121
Garage Spaces1

Land Information

APN3505-0190-0008-002
Lot Number8
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR S 1/2 OF LOT 8 (8-2) BLK 190 GALVESTON
Census Tract724300
Assessed Land Value$149,780
Assessed Improvement Value$348,120
Assessment Year2025

About this property

Prime location on Galveston Island!! This building has a two-bedroom 1 bath unit upstairs as well as a 1 bedroom 1 bath which are both leased at this time. Both have kitchens. The downstairs garage is also leased at this time. The first floor is set up as office space and has a kitchen area plus 2.5 bathrooms & a couple of nice storage closets. There are five additional rooms downstairs that can be used as offices, training rooms or you could easily make one of the front rooms a lobby. There are multiple uses for this building & you can't beat the location. Per Seller a 4 ton HVAC unit & a 2 ton HVAC unit were installed 1/21. The roof has been recently resurfaced & 23 impact windows were recently installed upstairs. Very close to UTMB, restaurants, strand area, and the beach.

Investor Tools

Property Icon
$497,900
Estimated Property Value
$0Estimated Mortgage Balance
$331,631Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$939/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,773
$497,900
2025
$149,780
$348,120
$497,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,773
$497,900

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$497,900
100%
0%
$0/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.

Explore Texas Explore This Area
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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1004 Broadway St | Property Details | No Agent List