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$1,728,000

928 Postoffice Street 3, Galveston, TX, 77550

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths2 Bath
Baths950 Sq Ft
ApartmentApartment
price_per_sqft$1.58 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size15,481 sqft

Building Information

Year Built1971
Stories2
Roof Type121

Land Information

APN3505-0489-0012-000
Lot Number12,13
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 12,13 & 14 BLK 489 GALVESTON
Census Tract724300
Assessed Land Value$726,010
Assessed Improvement Value$1,353,990
Assessment Year2025

About this property

New completely renovated apartments. Stainless steel appliances, vinyl floors and bedrooms have carpet, two stories, washer and dryer in unit. Easy access to UTMB Health and The Strand in Galveston. We require your income be 2.5x the rent. No prior evictions or broken leases.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,797/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,922
$1,728,000
2025
$726,010
$1,353,990
$2,080,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,922
$1,728,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 7 Llc
Commercial
$1,837,500
No
First
Jul 15, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,706,118
$21,882
1%
99%
$11,017/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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