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Days30Days on Market
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$129,000

402 Post Office St Apt 201, Galveston, TX, 77550

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths620 Sq Ft
price_per_sqft$208.06 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Refrigerator, Washer/Dryer Stacked, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesStorage, Courtyard
Lot Size619 sqft

Building Information

Year Built1965
Stories1
Roof Type172
Garage Spaces1

Land Information

APN3269-0000-0201-000
SubdivisionExcelsior Condominiums (2008) Abst 628
Land UseResidential
Legal DescriptionEXCELSIOR CONDOMINIUMS (2008) ABST 628, UNIT 201, 2.8046% COMMON AREA INTEREST
Census Tract724300
Assessed Land Value$2,310
Assessed Improvement Value$119,440
Assessment Year2025

About this property

Welcome to Excelsior Condominiums on Postoffice Street. This top-level 1 bedroom, 1 bathroom residence at 402 Postoffice St #201 offers privacy with no unit above. Interior highlights include hardwood floors, granite countertops, crown molding, and a European-style bath with marble tile, travertine flooring, and mosaic shower. The open living area connects to a well-equipped kitchen with an eating bar, plus refrigerator and stackable washer/dryer included—move-in ready. The gated community offers a tropical courtyard with fountains, benches, and pool, along with gated covered parking. HOA covers water, sewer, exterior, insurance, and common grounds. Vacation rentals are not permitted. This property has never flooded and is convenient to UTMB, the beach, The Strand, and other Galveston attractions. Tenant occupied through July 2027.

Investor Tools

$0Estimated Mortgage Balance
$129,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$774 /month
Positive
Cash Flow Estimate:
$258 /month

Interested in this property?

Will Borel

Compass RE Texas, LLC - Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$231/month
$324/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,121
$121,750
2025
$2,310
$119,440
$121,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,121
$121,750

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$129,000
100%
0%
$0/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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