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Days594Days on Market
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$295,000

1911 40th St, Galveston, TX, 77550

On MarketInfo
Beds1 Beds
Baths4 Bath
Baths2,210 Sq Ft
QuadruplexQuadruplex
price_per_sqft$133.48 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 4Bathrooms 4
Heating CentralHeating Central
CoolingCooling
FlooringWood, Hardwood

Exterior

Exterior FeaturesBalcony
Lot Size2,161 sqft

Building Information

Year Built1960
Stories1
Roof Type105

Land Information

APN3510-0084-0007-002
Lot Number6
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR PT OF LOT 6 & S 28-3 FT OF LOT 7 & N 1/2 OF ADJ ALLEY (7-2) NW BLK 84 GALVESTON OUTLOTS
Census Tract725000
Assessed Land Value$49,770
Assessed Improvement Value$327,430
Assessment Year2025

About this property

A vacant four-unit building on Galveston Island, with each unit configured as one bedroom and one full bath. Built in 1960, two stories, approximately 2,210 square feet per public records on a 0.0496 acre lot in the Galveston Outlots subdivision. Composition roof, cement board and wood siding, tile flooring, alley access, and a level lot. This property is an unfinished flip. Renovation was started and is not complete. A full interior cleanout was finished in August 2026, so the units are open and easy to walk and scope. The buyer takes over and completes the remaining renovation. Budget for finish work throughout, including mechanical, electrical, and plumbing verification, kitchens, baths, and cooling. Pricing and photos reflect current condition, not a finished product. All four units are vacant with no leases in place, which gives a new owner immediate control of the entire building: finish on your own timeline, choose your own scope, and set your own strategy without inheriting tenants or existing agreements. The property is in FEMA flood zone AE, a Special Flood Hazard Area, with a base flood elevation of 10 feet. Flood insurance will be a factor and buyers should obtain quotes and an elevation certificate during due diligence. Sold strictly AS-IS, WHERE-IS, with no repairs and no warranties expressed or implied. Seller will not accept FHA or VA financing. Cash or conventional only. Showings by appointment with a combination lockbox. Bring your contractor, verify your numbers, and evaluate the building on its current condition and your own projections. Buyer and Buyer's agent to verify all information including but not limited to schools, square footage, taxes, HOA, room dimensions, flood zone, and any other material facts.

Investor Tools

$361,718Estimated Mortgage Balance
$15,482Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,263 /month
Positive
Cash Flow Estimate:
$754 /month

Interested in this property?

Petia Aladjova

Redfin Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$606/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,386
$377,200
2025
$49,770
$327,430
$377,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,386
$377,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelis Equity And Real Estate Fund A Ll
Unknown
$337,262
No
First
Apr 25, 2024
Oct 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,718
$15,482
4%
96%
$2,251/mo

Learn About the Market: Opportunity in Texas

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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.

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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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