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$415,000

1128 Broadway St, Galveston, TX, 77550

$539,500 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths3,824 Sq Ft
QuadruplexQuadruplex
price_per_sqft$108.53 / sqft
Year BuiltBuilt in 1892

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size5,162 sqft

Building Information

Year Built1955
Stories2
Roof Type115
Garage Spaces3

Land Information

APN3505-0191-0014-000
Lot Number14
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 14 BLK 191 GALVESTON
Census Tract724300
Assessed Land Value$234,780
Assessed Improvement Value$199,410
Assessment Year2025

About this property

Bring your vision to life at 1128 Broadway-designed by the famed Galveston architect Nicholas J. Clayton and completed in 1892. Tragically, this gorgeous home suffered severe damage from a major fire in March 2022. The main residence requires a complete renovation, offering a true blank slate with incredible potential. Restore its former duplex configuration, redesign it as a spacious single-family residence, or explore other possibilities. Additional storage is available beneath the main floor. The property also includes a detached garage apartment with immediate rental income: a 2-bedroom, 1-bath unit upstairs and an efficiency below, both currently leased. Situated on a desirable corner lot near the beach, UTMB, The Strand, shopping, dining, and popular island attractions. A rare opportunity to reimagine a historic Galveston property while enjoying income from day one!

Investor Tools

$413,254Estimated Mortgage Balance
$20,936Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$539,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,605 /month
Positive
Cash Flow Estimate:
$868 /month

Interested in this property?

Susanna Mayberry

RE/MAX Leading Edge

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$696/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,178
$434,190
2025
$234,780
$199,410
$434,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,178
$434,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Israel Wolraich
Stand Alone Second / Subordinate Position
$450,000
No
First
May 10, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$413,254
$20,936
4%
95%
$2,698/mo

City: Galveston

1128 Broadway St | Property Details | No Agent List