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$350,000

2221 35th St, Galveston, TX, 77550

$455,000 ARVInfo
On MarketInfo
Beds1 Beds
Baths1 Bath
Baths2,284 Sq Ft
TriplexTriplex
price_per_sqft$153.24 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
HeatingHeating

Exterior

Lot Size3,424 sqft

Building Information

Year Built1958
Stories2
Roof Type115

Land Information

APN3510-0111-3008-002
Lot Number8,9
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR PT OF LOTS 8 & 9 (3008-2) SE BLK 111 GALVESTON OUTLOTS
Census Tract724900
Assessed Land Value$71,320
Assessed Improvement Value$295,430
Assessment Year2025

About this property

Prime investment opportunity in Galveston's desirable East End! Located just blocks from Seawall Boulevard and local beaches, this 2,284 sq. ft. multi-family triplex features three distinct units offering exceptional revenue potential. The property includes a main structure with classic coastal charm, a broad covered front porch, and a detached rear carriage house featuring a two-car garage for tenant parking or extra storage. Interiors offer low-maintenance wood and vinyl flooring, functional kitchens with refrigerators included, and versatile living spaces with private unit access. Rare off-street parking via a private ribbon driveway and a fully fenced rear courtyard provide privacy and convenience for residents. Positioned near Ball High School, local dining, and popular island attractions, this 1958 build is ideal for long-term leases, mid-term stays, or vacation rentals.

Investor Tools

$95,428Estimated Mortgage Balance
$289,360Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$455,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,298 /month
Positive
Cash Flow Estimate:
$766 /month

Interested in this property?

Carleigh Waterman

Gulf Coast Palms Corporation

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$565/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,860
$336,946
2025
$71,320
$295,430
$366,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,860
$336,946

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bnc Mortgage Inc
Commercial
$166,250
No
First
Jun 21, 2005
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,428
$352,572
78%
25%
$1,246/mo

City: Galveston

2221 35th St | Property Details | No Agent List