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$415,000

NAL Estimated Property Value

2208 Post Office St Ste 304, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths943 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$233.3 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Washer/Dryer
FlooringLaminate, Tile

Exterior

Lot Size941 sqft

Building Information

Year Built2008
Stories1
Roof Type172

Land Information

APN7234-0000-0304-000
Subdivision2208 Post Office St Condos (2010) Abst 6
Land UseResidential
Legal Description2208 POST OFFICE ST CONDOS (2010) ABST 628, UNIT 304, 3.40% COMMON AREA INTEREST
Census Tract724500
Assessed Land Value$4,510
Assessed Improvement Value$242,130
Assessment Year2025

About this property

This 2 bedroom, 2 full bath unit is cozy, comfortable, and beautiful! It is located in the former 1928 JC Penney building in Downtown Galveston. Perfect location and walking distance to restuarants, theaters, nightlife, UTMB & much more. It has grand entrance with atrium & controlled access. Nice breakfast bar, granite countertops, walk in master closet & bamboo floors. Kitchen is open to the living area so there is plenty of room for entertaining.

Investor Tools

Property Icon
$415,000
Estimated Property Value
$65,250Estimated Mortgage Balance
$349,750Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$592/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,033
$246,640
2025
$4,510
$242,130
$246,640
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,033
$246,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Conventional
$73,000
No
First
Nov 18, 2020
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$65,250
$348,750
84%
16%
$438/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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2208 Post Office St Ste 304 | Property Details | No Agent List