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$180,000

511 43rd Street, Galveston, TX, 77550

On MarketInfo
CommercialInfo
Baths1 Bath
Baths1,700 Sq Ft
Multi FamilyMulti Family
price_per_sqft$105.88 / sqft
Year BuiltBuilt in 1959

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
HeatingHeating
FlooringLaminate, Vinyl

Exterior

Lot Size2,252 sqft

Building Information

Year Built1995
Stories2
Roof Type105

Land Information

APN3505-0463-0007-001
Lot Number6,7
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR S 30 FT OF LOTS 6 & 7 (7-1) BLK 463 GALVESTON
Census Tract724000
Assessed Land Value$54,860
Assessed Improvement Value$137,760
Assessment Year2025

About this property

This is a Minimum Service Listing, please call your agent for details. Coastal Multi-Family Value-Add — Rare Galveston BRRRR & STR Investor Special. This off-market style duplex opportunity is a premier distressed asset play for BRRRR buyers, rental portfolio builders, and fix-and-flip specialists seeking a high-margin acquisition in Galveston’s established Carver Park neighborhood. The flexible, two-story ~1,700 sq ft footprint supports efficient structural, cosmetic, and mechanical updates to maximize ARV and drive forced appreciation. Located in an island submarket experiencing high demand for updated housing, scarcity of multi-family inventory, and robust rental appetite, this asset offers multiple exit strategies for the savvy contractor or out-of-state investor. Capitalize on premium long-term cash flow, or pivot to a furnished mid-term/short-term vacation rental structure just minutes from the Seawall, UTMB, and the tourism corridor.

Investor Tools

$32,195Estimated Mortgage Balance
$235,805Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,608 /month
Positive
Cash Flow Estimate:
$536 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$330/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,619
$192,620
2025
$54,860
$137,760
$192,620
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,619
$192,620

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
V Steven Macklem
Seller Carryback / Seller Financing / Seller Take-Back
$45,000
No
First
Oct 28, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$32,195
$235,805
87%
12%
$270/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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511 43rd Street | Property Details | No Agent List