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$155,000

NAL Estimated Property Value

1404 55th Street Street, Galveston, TX, 77551

$201,500 ARVInfo
Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,904 Sq Ft
price_per_sqft$112.92 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Range, Refrigerator
FlooringCarpet, Tile, Wood, Hardwood

Exterior

Lot Size1,773 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APN6720-0002-0035-001
Lot Number35
SubdivisionStandard Dredging
Land UseResidential
Legal DescriptionABST 628 PAGE 91 PT OF LOT 35 (35-1) BLK 2 STANDARD DREDGING RESUB
Census Tract725300
Assessed Land Value$36,300
Assessed Improvement Value$104,630
Assessment Year2025

About this property

REDUCED!! Come see this beautiful multi-family home located in the heart of Galveston close to shopping, parks, and the beach. GREAT INVESTMENT OPPORTUNITY! The main house is a 3 bedroom with 1 1/2 bath and has new storm windows, ceiling fans, blinds, and tiled bath. Hardwood floors in living room and under carpet in bedrooms. 1200 sq. feet with wheelchair access. The main house could easily be converted into 2 apartments, with a 2/1 and 1/1 each with separate entry. The garage apartment is on a separate meter and is a 1 bedroom, 1 bath - completely remodeled, 704 sq. ft. Partially remodeled garage at bottom level of apartment could be completed to add additional living/tenant space or converted back to garage for extra parking. All appliances stay in both units and washer/dryer stays. Fenced yard. Tax ID for garage apartment is 6270-0002-0035-001. Two properties for one price! Live in one home and rent the other!

Investor Tools

Property Icon
$155,000
Estimated Property Value
$0Estimated Mortgage Balance
$155,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$201,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,583
$140,930
2025
$36,300
$104,630
$140,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,583
$140,930

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$155,000
100%
0%
$0/mo

City: Galveston

1404 55th Street Street | Property Details | No Agent List