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$356,937

NAL Estimated Property Value

3115 Avenue P 1/2, Galveston, TX, 77550

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,376 Sq Ft
price_per_sqft$225.29 / sqft
Year BuiltBuilt in 1915

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringWood

Exterior

Lot Size5,140 sqft

Building Information

Year Built1915
Stories1
Roof Type115
Garage Spaces1

Land Information

APN3510-0088-3004-000
Lot Number4
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 4 SE BLK 88 GALVESTON OUTLOTS
Census Tract724900
Assessed Land Value$93,290
Assessed Improvement Value$414,050
Assessment Year2025

About this property

Charming island Craftsman with 2 beds/1.5 baths down and 1/1 upstairs with a kitchenette and flex space. Just 9 blocks from the beach, this mid-town home is located within a stone's throw to the beach, downtown/Strand, UTMB, and plenty of restaurants and entertainment. Close to the Ave O and Ave P throughways for quick in town travel. Large private backyard with 2 car garage, allowing for off-street parking. Wide and deep front porch is shaded from the summer afternoon sun, and it offers a place to socialize with neighbors. Live in it now, or make it the next manifestation of your inner-designer.

Investor Tools

Property Icon
$356,937
Estimated Property Value
$173,454Estimated Mortgage Balance
$183,483Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,142 /month
Positive
Cash Flow Estimate:
$714 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,648
$356,937
2025
$93,290
$414,050
$507,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,648
$356,937

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$175,500
No
First
Sep 30, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,454
$183,483
51%
49%
$1,053/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.

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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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3115 Avenue P 1/2 | Property Details | No Agent List