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$1,249,000

2115 Broadway Avenue J, Galveston, TX, 77550

On MarketInfo
Just AddedInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths4,915 Sq Ft
Multi FamilyMulti Family
price_per_sqft$254.12 / sqft
Year BuiltBuilt in 1963

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Microwave, Dishwasher, Refrigerator

Exterior

Lot Size10,271 sqft

Building Information

Year Built1963
Stories2
Roof Type121
Garage Spaces2

Land Information

APN3505-0141-0004-000
Lot Number4,5
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 4 & 5 BLK 141 GALVESTON
Census Tract724400
Assessed Land Value$373,800
Assessed Improvement Value$335,200
Assessment Year2025

About this property

Prime Galveston Investment – Mixed-Use Property on Broadway Exceptional income-producing opportunity in the heart of Galveston! This beautifully renovated 2023 property features 7 residential units and a longstanding, successful gym—offering both immediate cash flow and long-term appreciation potential. The building combines historic charm with modern upgrades, boasting refinished hardwood floors, exposed ceilings, and high-quality finishes throughout. Its high-visibility Broadway location places it just minutes from the Seawall, UTMB, downtown Galveston, and the island’s premier dining, retail, and entertainment destinations. Highlights: Proven income stream, Recent full renovation (2023) minimizing near-term capital needs Excellent location with strong rental demand Turnkey asset ideal for seasoned investors.

Investor Tools

Property Icon
$600,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,494 /month
Positive
Cash Flow Estimate:
$2,498 /month

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Jonathan Minerick

homecoin.com

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$971/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,653
$600,000
2025
$373,800
$335,200
$709,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,653
$600,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 7 Llc
Commercial
$852,000
No
First
Nov 30, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$811,980
N/A
0%
135%
$5,109/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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2115 Broadway Avenue J | Property Details | No Agent List