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$749,900

1515 19th Street, Galveston, TX, 77550

On MarketInfo
Just AddedInfo
Baths0 Bath
Baths3,761 Sq Ft
price_per_sqft$199.39 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesRange, Disposal, Dishwasher, Refrigerator
FlooringConcrete, Laminate, Tile

Exterior

Exterior FeaturesBalcony
Lot Size3,433 sqft

Building Information

Year Built1960
Stories1
Roof Type115

Land Information

APN3510-0045-0008-001
Lot Number8,9
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR N 33-4 FT OF LOTS 8,9 & S 1/2 OF ADJ ALLEY (8-1) NW BLK 45 GALVESTON OUTLOTS
Census Tract724400
Assessed Land Value$54,430
Assessed Improvement Value$129,570
Assessment Year2025

About this property

Turnkey 6 unit- income producing property just minutes from UTMB and the beach. Fully remodeled and 100% occupied, this Galveston multifamily offers strong in place income with immediate cash flow and future upside. The property features six units total: One 2- bedroom 1 bath, four 1-bedroom 1 baths and one efficiency. All units are fully furnished and beautifully updated, making them ideal for long term or short term rental flexibility. A true standout is the expansive outdoor pavilion, designed for gathering entertaining, It includes multiple seating ares, custom pergolas, string lighting and a central fountain space., creating a resort-like atmosphere. The pavilion also offers room for expansion, adding additional income potential, Located just six blocks from the beach on an extra-wide street with bike lanes and less then 2 miles from the UT Medical Branch. Property is perfectly positioned for consistent tenant demand from medical professionals, students, and vacation renters.

Investor Tools

$0Estimated Mortgage Balance
$232,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,499 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Michael Ramirez

M.J.R. Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,904
$132,000
2025
$54,430
$129,570
$184,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,904
$132,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$232,000
100%
0%
$0/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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1515 19th Street | Property Details | No Agent List