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NoAgentList RatingHow are grades calculated?Info
Days223Days on Market
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$143,000

402 Post Office Street 109, Galveston, TX, 77550

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths620 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$230.65 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard
Lot Size619 sqft

Building Information

Year Built1965
Stories1
Roof Type172

Land Information

APN3269-0000-0109-000
SubdivisionExcelsior Condominiums (2008) Abst 628
Land UseResidential
Legal DescriptionEXCELSIOR CONDOMINIUMS (2008) ABST 628, UNIT 109, 2.8046% COMMON AREA INTEREST
Census Tract724300
Assessed Land Value$2,310
Assessed Improvement Value$119,440
Assessment Year2025

About this property

First floor one bedroom unit ideally situated with the designated parking space at the unit's backdoor. This is an ideal location one block from a full grocery store and a couple of blocks from UTMB. Within the complex, this first floor unit is located away from the pool, but close to a wonderful multi-tiered fountain between the front door and front secured gate. You enter the living room with the dining area to one side. Full kitchen with a breakfast bar. Stacked large washer and dryer in the kitchen area. Past the dining area is the full bath with tub w/shower. Large bedroom with a walk-in closet measuring 8x5. A/C on roof installed in 2018 and Air Handler installed 2022. Washer & Dryer purchased in 2020 and Refrigerator was purchased 2018. You are as close to UTMB as you are going to get!!

Investor Tools

$136,203Estimated Mortgage Balance
$5,797Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$858 /month
Positive
Cash Flow Estimate:
$286 /month

Interested in this property?

David Bowers

Better Homes and Gardens Real Estate Gary Greene - Galveston

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$236/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

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rmc Vanguard Mortgage Corp
Unknown
$86,000
No
First
Sep 29, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,203
$5,797
4%
96%
$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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