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Days11Days on Market
Views1view

$399,999

609 Sealy Avenue, Galveston, TX, 77550

On MarketInfo
Just AddedInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths1,300 Sq Ft
Multi FamilyMulti Family
price_per_sqft$307.69 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesRange, Microwave, Refrigerator
FlooringLaminate

Exterior

Lot Size3,428 sqft

Building Information

Year Built1970
Stories1
Roof Type172

Land Information

APN3505-0186-0005-001
Lot Number5
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR N 80 FT OF LOT 5 (5-1) BLK 186 GALVESTON
Census Tract724300
Assessed Land Value$143,040
Assessed Improvement Value$86,960
Assessment Year2025

About this property

Investment Opportunity Property Located in floodzone X! – 609 Sealy, Galveston, TX Located just stroll from the beach and the UTMB Campus & Hospital, 609 Sealy offers a rare chance to own two fully refurbished 2-bedroom, 1-bathroom homes on a quiet, tree-lined street in Galveston. Each home features central air conditioning, in-unit washer and dryer, and updated finishes throughout. Tenants enjoy private porches and garden space surrounding the building, creating a relaxed and inviting atmosphere. The property is fully fenced, offering added privacy and security. With strong demand from medical professionals and students, this turn-key, income-generating property is ideal for investors seeking a prime location with long-term potential. Property is located on highest part of Galveston and therefore is in floodzone X

Investor Tools

Property Icon
$250,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Jonathan Minerick

homecoin.com

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,154
$230,000
2025
$143,040
$86,960
$230,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,154
$230,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ps Funding Inc
Commercial
$273,750
No
First
Nov 23, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$250,457
N/A
0%
100%
$1,642/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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609 Sealy Avenue | Property Details | No Agent List