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$1,500,000

NAL Estimated Property Value

525 11th St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths9,600 Sq Ft
price_per_sqft$203.13 / sqft
Year BuiltBuilt in 1969

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size10,193 sqft

Building Information

Year Built1969
Stories2
Roof Type121
Garage Spaces6

Land Information

APN3505-0431-0008-000
Lot Number8,9
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 8 & 9 BLK 431 GALVESTON
Census Tract724300
Assessed Land Value$272,770
Assessed Improvement Value$1,227,230
Assessment Year2025

About this property

This ideal investment opportunity is what you have been looking and waiting for! With an easy conversion to condominiums, this 10 unit apartment complex located on Galveston’s East End, is only 2 blocks from The University of Texas Medical School, Shriners. And 10 blocks to the beach. Building #1 has been meticulously remodeled with the highest of standards. Taken “down to the studs”, each unit is a 2 bedroom, 1-½ bath townhome style. The first floor includes tile floors throughout, a beautifully designed kitchen with quartz countertops, stainless steel appliances, and custom built cabinetry. Also on the first floor is a spacious living room, half bath, and laundry room with all new LG washers and dryers, and all new central HVAC. Upstairs includes beautiful luxury vinyl plank floors, 2 bedrooms & 1 full bathrooms with a gorgeous walk in shower. It has been a rewarding venture for owners, they are now looking to retire, travel, and spend more time with family and friends.

Investor Tools

Property Icon
$1,500,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,500,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,700 /month
Positive
Cash Flow Estimate:
$3,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,515/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,685
$1,500,000
2025
$272,770
$1,227,230
$1,500,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,685
$1,500,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,500,000
100%
0%
$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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525 11th St | Property Details | No Agent List