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$246,000

NAL Estimated Property Value

5516 Avenue P 1/2, Galveston, TX, 77551

$303,354 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,265 Sq Ft
price_per_sqft$97.13 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Oven
FlooringCarpet

Exterior

Lot Size8,999 sqft

Building Information

Year Built1960
Stories1
Roof Type115
Garage Spaces4

Land Information

APN2965-0119-0017-000
Lot Number17,18
SubdivisionDenver Resurvey
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 17,18 & 19 BLK 119 DENVER RESURVEY
Census Tract725400
Assessed Land Value$57,730
Assessed Improvement Value$142,270
Assessment Year2025

About this property

Home and Garage Apartment on double lot on Galveston Island. With a little work, this property is an investment dream. Make the home yours and income with the garage apartment or two rentals on one property. 3 Car garage and workshop with double lot, totally fenced in. This mid town property is easy access to everything and is priced to sell fast. Big yard with room for a pool, rv parking, and more. Do not miss this opportunity.

Investor Tools

Property Icon
$246,000
Estimated Property Value
$99,726Estimated Mortgage Balance
$146,274Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$303,354
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$757/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,859
$200,000
2025
$57,730
$142,270
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,859
$200,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Green Tree Servicing Llc
Conventional
$139,860
No
First
Aug 5, 2013
Sep 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,726
$174,274
63%
41%
$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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5516 Avenue P 1/2 | Property Details | No Agent List