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$575,000

2318 Market St Apt 12, Galveston, TX, 77550

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,628 Sq Ft
price_per_sqft$353.19 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Refrigerator Included, Gas Oven, Microwave, Gas Range, Refrigerator, Dishwasher
FlooringTile, Wood

Exterior

Lot Size967 sqft

Building Information

Year Built1996
Stories1
Roof Type172
Garage Spaces1

Land Information

APN4969-0000-0012-000
SubdivisionMarket Street Condos (1996/2007) Abst 62
Land UseResidential
Legal DescriptionLOT UNIT #12 & 0.0413% COMMON INTEREST MARKET STREET CONDOS (1996/2007) ABST 628
Census Tract724500
Assessed Land Value$3,410
Assessed Improvement Value$439,050
Assessment Year2025

About this property

Tucked inside the iconic Market Street Lofts in Galveston’s Historic Strand District, this beautifully renovated 2-bedroom, 2-bath residence captures the charm and energy of downtown living. Exposed brick walls, soaring ceilings, hardwood floors, and a New Orleans-inspired feel create a space full of character, while extensive recent renovations thoughtfully blend historic style with modern comfort. The updated kitchen, designer baths, upgraded systems, custom shutters, and secure garage parking make everyday living effortless. Step outside and experience the lifestyle that makes this location so special—morning walks for coffee, live music drifting from nearby venues, art festivals, holiday parades, harbor-front dining, and evenings spent watching cruise ships arrive along the waterfront. Just minutes from UTMB, Galveston Yacht Marina, and some of the island’s best restaurants, shops, and nightlife, this is downtown Galveston living at its finest.

Investor Tools

$334,742Estimated Mortgage Balance
$308,258Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,858 /month
Positive
Cash Flow Estimate:
$1,286 /month

Interested in this property?

Ashley Marquez

Keller Williams Horizons

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$911/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,714
$442,460
2025
$3,410
$439,050
$442,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,714
$442,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Bank Na
Conventional
$343,750
No
First
Mar 22, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,742
$308,258
47%
52%
$2,173/mo

City: Galveston

2318 Market St Apt 12 | Property Details | No Agent List