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$1,031,000

NAL Estimated Property Value

2524 Market St, Galveston, TX, 77550

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths5,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.18 / sqft
Year BuiltBuilt in 1906

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,140 sqft

Building Information

Year Built1950
Stories2
Roof Type121

Land Information

APN3505-0565-0013-000
Lot Number13
SubdivisionGalveston Townsite
Land UseCommercial
Legal DescriptionABST 628 M B MENARD SUR LOT 13 BLK 565 GALVESTON
Census Tract724500
Assessed Land Value$234,380
Assessed Improvement Value$116,240
Assessment Year2025

About this property

Spectacular building incl. adjoining lot! A fantastic live/work opportunity has a move-in ready living area. See cruise ships from your kitchen! A great roof top deck with stunning views!. Currently sellers live upstairs, downstairs is owners' art studio, icluding a full bath, kitchen an office & warehouse/workshop. Upstairs accessible by stairs or an elevator is a spacious sun filled loft(2 skylights!) with two bedrooms two bathrooms, a large kitchen /dining area & access to outdoors deck & a widows walk. Extra lot contains a lovely garden plenty of parking & room for a pool and garage if desired. Originally theOshman building, it was opened in 1906 under the name Oshman & Sampson and it continued to operate for almost 60 years, it operated under various names over the years, including A. Oshman Clothier and Shoes, Oshman & Rosenberg and Oshman’s Clothing. Restoration work has been done on walls &windows. W/ such large rooms and extra high ceilings, the possibiities are endless.

Investor Tools

Property Icon
$1,031,000
Estimated Property Value
$777,184Estimated Mortgage Balance
$253,816Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$577/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,765
$350,620
2025
$234,380
$116,240
$350,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,765
$350,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$796,000
No
First
Jan 6, 2025
Feb 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$777,184
$246,816
24%
75%
$4,773/mo

City: Galveston

2524 Market St | Property Details | No Agent List