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$660,047

NAL Estimated Property Value

1122 45th Street, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths7,727 Sq Ft
price_per_sqft$71.05 / sqft
Year BuiltBuilt in 1947

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
FlooringConcrete, Tile, Wood, Hardwood

Exterior

Exterior FeaturesBalcony
Lot Size10,298 sqft

Building Information

Year Built1947
Stories2
Roof Type121

Land Information

APN3505-0104-0013-000
Lot Number13,14
SubdivisionGalveston Townsite
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR LOTS 13 & 14 BLK 104 GALVESTON
Census Tract725200
Assessed Land Value$179,260
Assessed Improvement Value$645,170
Assessment Year2025

About this property

Unique opportunity to own a solid & well maintained investment property with two residential units & one commercial unit on a spacious corner lot. 2 of the 3 units have longstanding tenants. The commercial space, 1122 45th St., is currently leased to Knapp Flower Shop, a Galveston landmark that has operated from this location since 1947. Business is not for sale. It has 3,940 sq.ft., an attached 3 car garage used for storage, & it’s own entrance on 45th Street. The 2nd unit, 4426 Ave. L is a 3/2.5 in 1,447 sq.ft. that has a private entrance through a lovely garden courtyard, separate utility meters, and 2 screened balconies. The shared garden area is also accessible from the 3rd unit, 4428 Avenue L that is a 3/2.5ba. in 2,340 sq.ft. It has a front entrance on Ave L & original hardwood flooring upstairs. It is currently open & ready for a new owner; it could be a spacious family home with expenses fully covered by the rental income from the other two units. Make your appointment today.

Investor Tools

Property Icon
$660,047
Estimated Property Value
$0Estimated Mortgage Balance
$660,047Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,960 /month
Positive
Cash Flow Estimate:
$1,320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,001/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,710
$660,047
2025
$179,260
$645,170
$824,430
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,710
$660,047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$660,047
100%
0%
$0/mo

City: Galveston

1122 45th Street | Property Details | No Agent List