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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:

BankruptcyDeal 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 t

Investor Tools

$361,718Estimated Mortgage Balance
$377,200Estimated 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

City: Galveston