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$400,000

2308 53rd St, Galveston, TX, 77551

PendingInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths2,621 Sq Ft
Multi FamilyMulti Family
price_per_sqft$152.61 / sqft
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Half 1Bathrooms Half 1
Heating Floor/WallHeating Floor/Wall
CoolingCooling

Exterior

Exterior FeaturesBalcony
Lot Size4,574 sqft

Building Information

Year Built1955
Stories2
Roof Type121

Land Information

APN2965-0156-0001-001
Lot Number1,2
SubdivisionDenver Resurvey
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR S 61 FT OF LOTS 1,2 & 3 (1-1) BLK 156 DENVER RESURVEY
Census Tract725400
Assessed Land Value$76,630
Assessed Improvement Value$338,070
Assessment Year2025

About this property

Phenomenal Multifamily Investment Property Centrally located on the island and great for Short or Long Term Tenants. Newly renovated on the inside and out, this economical fourplex is easy to rent and stays occupied.

Investor Tools

$283,982Estimated Mortgage Balance
$130,718Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,488 /month
Positive
Cash Flow Estimate:
$829 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$771/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,177
$414,700
2025
$76,630
$338,070
$414,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,177
$414,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Equity Mortgage
Commercial
$300,000
No
First
Jun 26, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,982
$130,718
31%
68%
$1,799/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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