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$320,000

415 22nd Street, Galveston, TX, 77550

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths814 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$393.12 / sqft
Year BuiltBuilt in 1918

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringTile, Wood

Exterior

Lot Size880 sqft

Building Information

Year Built1918
Stories1

Land Information

APN4769-0000-0001-100
SubdivisionThe Lofts @ The Texas Bldg Condos (2005)
Land UseCommercial
Legal DescriptionTHE LOFTS @ THE TEXAS BLDG CONDOS (2005) ABST 628 UNIT 1A & 17.129% INT IN COMMON AREA
Census Tract724500
Assessed Land Value$17,130
Assessed Improvement Value$933,170
Assessment Year2025

About this property

Experience the best of downtown island living in this charming one-bedroom, one-bath top-floor condominium in Galveston’s historic Texas Building. Tall ceilings and exposed steel beams give the residence distinctive architectural character and an open, spacious feel. Offered fully furnished, this inviting condo is ready to enjoy from day one. Ideally located in the heart of downtown, you’ll be just steps from The Strand, restaurants, shopping, art galleries, entertainment, and year-round island events. Whether you’re looking for a full-time residence, weekend getaway, or investment opportunity, this unique property offers historic charm, urban style, and the convenience of a move-in-ready downtown Galveston retreat.

Investor Tools

$94,234Estimated Mortgage Balance
$558,806Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,918 /month
Positive
Cash Flow Estimate:
$1,306 /month

Interested in this property?

Kyle Watts

Gulf Coast Palms Corporation

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,057/month
$690/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,418
$653,040
2025
$17,130
$933,170
$950,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,418
$653,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sandra A Cawley
Assumption
$140,400
Yes
First
Jun 22, 2012
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,234
$558,806
85%
14%
$842/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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