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$1,724,700

NAL Estimated Property Value

725 Broadway St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths12,400 Sq Ft
Multi FamilyMulti Family
price_per_sqft$145.16 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

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

Exterior

Lot Size15,481 sqft

Building Information

Year Built1971
Stories2
Roof Type172
Garage Spaces11

Land Information

APN3505-0127-0001-000
Lot Number1,2
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 1,2 & 3 BLK 127 GALVESTON
Census Tract724400
Assessed Land Value$476,780
Assessed Improvement Value$1,247,920
Assessment Year2025

About this property

Partners is pleased to present the opportunity to own a 16-unit multifamily property with historic charm at 717-725 Broadway St, Galveston, TX. This property is located just a block away from Stewart Beach and nearby the University of Texas Medical Branch (UTMB), the Shriners Hospital for Children, and the Port of Galveston Cruise Terminal. This property contains a unique mix of 10 efficiency units and 2 smaller 1/1 units in the building on 725 Broadway, and 4 larger 1/1 units in the 717 Broadway building. All the units at 717 Broadway still have the original hardwood flooring and have undergone renovations to the common area as well. Units in both buildings have had complete renovations to the kitchens in 2021 & 2025 with new flooring, appliances, and countertops. This unique property that blends with the Victorian-era charm of Galveston and proximity to major job centers provide an attractive investment opportunity for a new operator.

Investor Tools

Property Icon
$1,724,700
Estimated Property Value
$1,946,635Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,800 /month
Positive
Cash Flow Estimate:
$3,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,160/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$29,302
$1,724,700
2025
$476,780
$1,247,920
$1,724,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$29,302
$1,724,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Houston
Commercial
$2,000,000
No
First
Nov 29, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,946,635
N/A
0%
113%
$11,992/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.

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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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725 Broadway St | Property Details | No Agent List