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$1,297,600

NAL Estimated Property Value

801 21st St, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Baths7,602 Sq Ft
Multi FamilyMulti Family
price_per_sqft$78.93 / sqft
Year BuiltBuilt in 1935

Highlights

Interior

Heating Floor/WallHeating Floor/Wall
CoolingCooling

Exterior

Lot Size4,508 sqft

Building Information

Year Built1935
Stories3
Roof Type105

Land Information

APN3505-0261-0007-001
Lot Number6,7
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR N PT OF LOTS 6 & 7 (7-1) BLK 261 GALVESTON
Census Tract724500
Assessed Land Value$219,680
Assessed Improvement Value$1,077,920
Assessment Year2025

About this property

Amazing property 100% occupied, with longer term tenant's. Featuring 12 month leases. Very little turnover. New roof in 2024. The building features 10 units. With 8 one bedrooms and 2 two bedroom lofts. 3 stories, very well kept. Hardwood floors, coin operated laundry on each floor. Tenant's pay their own electricity and gas. Owner pays water. Location, Location, Location!! Walking distance to UTMB, the beach, and all downtown, public transportation, historical strand, restaurant's, and all Galveston attractions. We have 12 additional units available and can sell as a 22 unit package deal. See MLS 80120229 for 10 of the additional units. Other 2 units to be listed shortly.

Investor Tools

Property Icon
$1,297,600
Estimated Property Value
$453,989Estimated Mortgage Balance
$843,611Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,786 /month
Positive
Cash Flow Estimate:
$2,595 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,560/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,227
$1,297,600
2025
$219,680
$1,077,920
$1,297,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,227
$1,297,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$500,000
No
First
Jul 23, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$453,989
$843,611
65%
35%
$2,998/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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801 21st St | Property Details | No Agent List