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$1,033,000

NAL Estimated Property Value

4108 Avenue S 1/2, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Baths6,050 Sq Ft
Multi FamilyMulti Family
price_per_sqft$107.44 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

Heating Floor/WallHeating Floor/Wall
CoolingCooling

Exterior

Lot Size5,162 sqft

Building Information

Year Built1970
Stories2
Roof Type121

Land Information

APN3510-0158-1009-000
Lot Number9
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 9 & W 0-10 FT OF LOT 8 & E PT OF LOT 10 NE BLK 158 GALVESTON OUTLOTS
Census Tract725000
Assessed Land Value$93,650
Assessed Improvement Value$939,350
Assessment Year2025

About this property

Great 10 unit property consisting of 2 buildings. 8 units in one and 2 in other bldg. 10 Units (1 studio and 9 1X1's) This property is not located in a flood zone and hasn't flooded, It stays 100% occupied, Units and common areas were renovated in 2017-2018. New roof on the main building in 2023. Short walk to the beach and all major Galveston attractions. We also have 12 additional units available and 2 different sites in Galveston Both excellent locations, if your're interested. For 10 of the additional units please see MLS# 74794390

Investor Tools

Property Icon
$1,033,000
Estimated Property Value
$179,980Estimated Mortgage Balance
$853,020Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,198 /month
Positive
Cash Flow Estimate:
$2,066 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,844
$1,033,000
2025
$93,650
$939,350
$1,033,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,844
$1,033,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$220,800
No
First
Jun 14, 2017
Jun 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,980
$853,020
82%
17%
$1,324/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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4108 Avenue S 1/2 | Property Details | No Agent List