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$665,000

1609 1st Street, Galena Park, TX, 77547

On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths4,300 Sq Ft
Multi FamilyMulti Family
price_per_sqft$154.65 / sqft
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size5,375 sqft

Building Information

Year Built1948

Land Information

APN0720100020014
Lot Number14
SubdivisionCentral
Land UseCommercial
Legal DescriptionLT 14 BLK 2 CENTRAL
Census Tract233702
Assessed Land Value$53,750
Assessed Improvement Value$246,250
Assessment Year2025

About this property

Discover practical, budget-friendly living in this small multifamily community at 1609 1st Street in Galena Park, just minutes from the Houston Ship Channel and major employment centers. These compact one-bedroom apartments (approx. 475–700+ sq ft) are designed for efficiency, offering simple layouts that maximize usable space and keep monthly costs down. Residents enjoy off-street parking, a low-rise setting, and a straightforward, no-frills environment that fits the needs of shift workers, port employees, and commuters who value location and price over luxury finishes. Located in an established residential neighborhood with quick access to Clinton Drive, I-610, and nearby services. The building was renovated in 2020 including a new roof, all units equipped with mini-split HVAC, electrical upgrade, CPVC upgrade, and onsite coin-op laundry. The property brings a gross income of $6000 when it is 100% occupied. Pictures were taken before the tenant move in.

Investor Tools

$362,303Estimated Mortgage Balance
$300,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,990 /month
Positive
Cash Flow Estimate:
$1,330 /month

Interested in this property?

Christine Kwan

Premier Realty & Associates

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$514/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,663
$300,000
2025
$53,750
$246,250
$300,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,663
$300,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 4 Llc
Commercial
$397,500
No
First
Sep 30, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$362,303
N/A
0%
121%
$2,384/mo

City: Galena Park

1609 1st Street | Property Details | No Agent List