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$308,000

NAL Estimated Property Value

715 7th St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths2 Bath
Baths792 Sq Ft
Multi FamilyMulti Family
price_per_sqft$448.23 / sqft
Year BuiltBuilt in 1960

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating

Exterior

Lot Size3,267 sqft

Building Information

Year Built1960
Stories1
Roof Type105

Land Information

APN3505-0307-0008-002
Lot NumberC
SubdivisionGalveston Townsite
Land UseReal, Residential, Single-Family
Legal DescriptionABST 628 M B MENARD SUR PETRONELLA CORNER RPLT LOT C (8-002) BLK 307 GALVESTON
Census Tract724300
Assessed Land Value$137,800
Assessed Improvement Value$170,200
Assessment Year2025

About this property

BOGO> DID NOT LOSE POWER DURING FREEZE. On the same grid as UTMB. 3 blocks from the beach and 4 blocks from UTMB Great location Incredible opportunity! Two 2-bedroom homes on one lot – live in one, rent the other, or rent both for double income! Main home: 2 beds, 1.5 baths, utility room with washer/dryer. Second home: 2 beds, 1 bath, washer/dryer. Just 3 blocks from the beach and 2 blocks from UTMB. Ideal for UTMB access and rental income. Perfect for vacation rentals near the beach and Galveston attractions. Homes stayed dry during Ike, and on the UTMB power grid, and survived the Freeze without losing power. Don't miss out!"

Investor Tools

Property Icon
$308,000
Estimated Property Value
$302,115Estimated Mortgage Balance
$5,885Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,130 /month
Positive
Cash Flow Estimate:
$710 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$674/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,550
$308,000
2025
$137,800
$170,200
$308,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,550
$308,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gabriel Ortiz
Unknown
$308,000
No
First
Apr 15, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,115
$5,885
1%
98%
$1,847/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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715 7th St | Property Details | No Agent List