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Days302Days on Market
Views1view

$1,699,995

712 Ball, Galveston, TX, 77550

On MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths8,853 Sq Ft
Multi FamilyMulti Family
price_per_sqft$192.02 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
CoolingCooling

Exterior

Lot Size10,319 sqft

Building Information

Year Built1970
Stories2
Garage Spaces13

Land Information

APN3505-0307-0011-000
Lot Number11,12
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 11 & 12 BLK 307 GALVESTON
Census Tract724300
Assessed Land Value$546,960
Assessed Improvement Value$964,240
Assessment Year2025

About this property

Unlock a rare multifamily investment in the heart of Galveston with this 14-unit, two-story property at 712 Ball Street. Presented exclusively by Partners, this 10,700 SF building on a 10,320 SF lot offers immediate income potential and long-term appreciation in one of Texas’ most dynamic coastal markets. Strategically located in South Galveston County, just blocks from the historic Strand District and Galveston Seawall, this property benefits from strong year-round rental demand driven by tourism, port activity, and institutional employers. The building was renovated in 2024, ensuring updated systems and reduced near-term maintenance costs. The 14 units offer a flexible mix of layouts ideal for both traditional and short-term rental strategies. This opportunity is well below replacement cost and offers value-add upside through strategic management and optimization.

Investor Tools

$1,421,873Estimated Mortgage Balance
$89,327Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,200 /month
Positive
Cash Flow Estimate:
$3,400 /month

Interested in this property?

Carleigh Waterman

CORE Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,413/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,406
$1,511,200
2025
$546,960
$964,240
$1,511,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,406
$1,511,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plainscapital Bank
Unknown
$1,451,800
No
First
Mar 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,421,873
$89,327
5%
94%
$8,705/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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