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$516,510

NAL Estimated Property Value

1119 Broadway St, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,120 Sq Ft
DuplexDuplex
price_per_sqft$188.68 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating

Exterior

Lot Size4,116 sqft

Building Information

Year Built1955
Stories2
Roof Type105

Land Information

APN3505-0131-0003-001
Lot Number3
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR E 34-3 FT OF LOT 3 (3-1) BLK 131 GALVESTON
Census Tract724400
Assessed Land Value$208,480
Assessed Improvement Value$308,030
Assessment Year2025

About this property

Excellent investment opportunity in the heart of Galveston! This Broadway duplex, ideally situated near UTMB, the beach and downtown in the historic East End District, offers flexibility and potential. The lower unit features 2 bedrooms, 1.5 baths, hardwood and tile floors, a utility room with washer/dryer hookups, and window units. Some finishing work in the kitchen and bath is needed to complete this space. The upper unit is tenant occupied and fully furnished, featuring 2 bedrooms, 2 baths, recently replaced stacked washer and dryer, on-demand water heater, and central air/heat (condenser only), with an abundance of natural light. Separate electric and gas meters, with a shared water meter. The property includes two off-street parking spaces accessed via the back alley. The downstairs unit is vacant and ready for finishing touches, while the upstairs tenant-occupied unit is generating immediate rental income. Don’t miss out on this versatile investment in a prime Galveston location!

Investor Tools

Property Icon
$516,510
Estimated Property Value
$569,446Estimated 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
$3,099 /month
Positive
Cash Flow Estimate:
$1,033 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$359/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,728
$516,510
2025
$208,480
$308,030
$516,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,728
$516,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelis Equity And Real Estate Fund A Ll
Stand Alone Second / Subordinate Position
$296,782
No
First
Feb 16, 2024
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$569,446
N/A
0%
110%
$3,560/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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1119 Broadway St | Property Details | No Agent List