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Owner Contacts

$457,000

NAL Estimated Property Value

415 22nd Street 2A, Galveston, TX, 77550

Off Market

2 Beds

2 Bath

1,097 Sq Ft

Condos / Townhouses

$319.05 / sqft

Built in 1918

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer

FlooringTile, Wood

Exterior

Lot Size318 sqft

Building Information

Year Built1918

Stories1

Land Information

APN4769-0000-0002-100

SubdivisionThe Lofts @ The Texas Bldg Condos (2005)

Land UseResidential

Legal DescriptionTHE LOFTS @ THE TEXAS BLDG CONDOS (2005) ABST 628 UNIT 2A & 6.167% INT IN COMMON AREA

Census Tract724500

Assessed Land Value$6,170

Assessed Improvement Value$336,190

Assessment Year2025

About this property

Beautiful historic 2 Bedroom 2 bath condo located in the Historic Lofts @ The Texas Building. This 2nd floor corner condo sits on the corner of 22nd & Post Office. Beautiful wood floors throughout, kitchen w/stainless appliances, granite counters & custom cabinets. Condo has soaring 12' ceilings. Recently replaced Air Conditioner in July 2024, Water Heater replaced in 2022, washer & dryer replaced in 2022. Soothing paint colors thru-out. Primary Bedroom w/2 walk in closets, large walk in shower w/decorative tile. Includes bonus large exterior closet. Additional historic charm in condo has exposed steel beams & duct work. Many conveniences that are just a Stroll downstairs to restaurants, shopping, nightclubs, historic strand district entertainment & close proximity to UTMB. Building includes rooftop deck with 360 degree views along w/views of gulf, bay & evening sunsets. Building originally known as the 1906 Fellman Dry Goods Company, one of the 1st department stores in Galveston.

Investor Tools

$457,000

Estimated Property Value

$0Estimated Mortgage Balance

$457,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,742 /month

Positive

Cash Flow Estimate:

$914 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$445/month

$928/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,055

$310,948

2025

$6,170

$336,190

$342,360

Tax History

Year

Tax Paid

Assessed Value

2024

$3,055

$310,948

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$457,000

100%

$0/mo

Learn About the Market: Opportunity in Texas

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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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