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$487,000

1703 Avenue M, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds4 Beds
Baths3 Bath
Baths2,590 Sq Ft
Multi FamilyMulti Family
price_per_sqft$106.18 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesRange, Refrigerator
FlooringWood

Exterior

Lot Size5,136 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces8

Land Information

APN3510-0020-1006-000
Lot Number6
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 6 NE BLK 20 GALVESTON OUTLOTS
Census Tract724400
Assessed Land Value$81,410
Assessed Improvement Value$395,190
Assessment Year2025

About this property

Up for sale is a tri-plex located in the high-demand area of Galveston's Lost Bayou Historic District. This property offers (2) 2 bedroom/1bathroom units upstairs and a studio downstairs. The property is located just a few blocks from the beach, downtown and UTMB. The location is ideal for short and long-term tenants. Come see this gem today before it is gone!

Investor Tools

Property Icon
$487,000
Estimated Property Value
$329,000Estimated Mortgage Balance
$187,702Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,922 /month
Positive
Cash Flow Estimate:
$974 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$890/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,248
$476,600
2025
$81,410
$395,190
$476,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,248
$476,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$329,000
No
First
Aug 3, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,298
$188,702
38%
61%
$1,973/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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1703 Avenue M | Property Details | No Agent List