Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$398,000

1224 Avenue L, Galveston, TX, 77550

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,754 Sq Ft
TriplexTriplex
price_per_sqft$144.52 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size5,136 sqft

Building Information

Year Built1995
Stories2
Roof Type115
Garage Spaces1

Land Information

APN3505-0072-0013-000
Lot Number13
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 13 BLK 72 GALVESTON
Census Tract724400
Assessed Land Value$164,360
Assessed Improvement Value$139,358
Assessment Year2025

About this property

Exceptional opportunity to own a triplex on the East end, just minutes from the beach. Currently operated as a short-term rental, this property also offers versatile multi-family living options. An on-site garage with alley access is included behind the building. The first unit is a spacious three-bedroom, one-bath layout occupying the entire second floor. The second and third units are both on the first floor, each featuring one bedroom and one bath.

Investor Tools

$65,953Estimated Mortgage Balance
$381,969Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,676 /month
Positive
Cash Flow Estimate:
$892 /month

Interested in this property?

Advance Regional Agency LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,256
$303,718
2025
$164,360
$139,358
$303,718
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,256
$303,718

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Housemax Funding Llc
Unknown
$247,000
No
First
Jul 26, 2001
Aug 2020

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$65,953
$458,047
87%
15%
$1,481/mo

City: Galveston

1224 Avenue L | Property Details | No Agent List