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Map
$895,000
↓ $80K (8.2%)
●
Multifamily -
For Sale
1113 28th Street
Galveston, TX 77550
2 Beds
1 Bath
2800 Sqft
$4,935
Estimated Monthly
$0
HOA / Fees
1.42%
Cap Rate
About This Property
This extraordinary investment property features 4 FULLY FURNISHED
UNITS and a LOT giving you 2 single-family homes, a duplex and a
lot to use as off street parking or use to build new. Charming and
eclectic, these units offer a unique and inviting atmosphere for
vacationers seeking an exceptional experience. The property
includes an additional vacant lot, currently used as a courtyard,
providing endless possibilities for enhancing amenities or
landscaping. With a proven track record as an income producer and
all units fully remodeled, this is a turnkey operation with minimal
maintenance costs. The central Galveston location is just minutes
away from the Historic Strand, Seawall, beach, museums, shopping,
restaurants, and nightlife. This unique property is a highly
desirable investment opportunity for both seasoned investors and
first time investors alike. Don't miss out on this Galveston rare
opportunity; contact us today to explore its full potential!
Unit Size
2,800Ft²
Days on Market
171 days
Land Size
-
Price per sqft
$320
Property Type
Multifamily
Property Taxes
$539
HOA Dues
-
Year Built
1952
Listed By
Last updated: 16 days ago (HAR #68578387)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 13, 2024 | Price Decreased |
$895,000
↓ $80K
(8.2%)
|
|
Price Decreased | |||
Feb 27, 2024 | Price Decreased |
$975,000
↓ $24K
(2.4%)
|
|
Price Decreased | |||
Jan 26, 2024 | Price Decreased |
$999,000
↓ $31K
(3%)
|
|
Price Decreased | |||
Nov 9, 2023 | Listed by eXp Realty LLC | $1,030,000 | |
Listed by eXp Realty LLC |
Property Highlights
Air Conditioning
Interior Details
Bedroom Information
Bedrooms: 2
Bathroom Information
Full Bathrooms: 1
Interior Information
Flooring: Vinyl
Living Area SqFt: 2800
Exterior Details
Property Information
Year Built: 1952
Year Built Source: Appraisal District
Construction Information
Home Type: Multi-Family
Property Sub Type: Multiple Detached Dwellings
Roof: Composition
Financial Details
Total Taxes: $6,473
Tax Year: 2023
Tax Rate: 2.0161
Parcel Number: 3505-0088-0008-000
Compensation Disclaimer: The Compensation offer is made only to participants of the MLS where the listing is filed
Compensation to Buyers Agent: 3%
Utilities Details
Utilities: Cable, Electric, Water
Heating Type: Central Electric
Cooling Type: Central Electric, Window Units
Location Details
Location: South on Broadway to 28th. Right on 28th to K. Property on Right.
Subdivision: Galveston Townsite
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
4
Baths
2,854 ft²
$975,000
Apr 26, 2022
$878,000 - $1,072,000
Jun 10, 2022
$568/mo
Sold
House
3
Beds
3
Baths
2,626 ft²
$885,000
Jun 13, 2022
$797,000 - $973,000
Aug 5, 2022
$648/mo
Sold
House
3
Beds
4
Baths
2,392 ft²
$825,000
Oct 28, 2022
$743,000 - $907,000
Nov 30, 2022
$863/mo
House
3
Beds
3
Baths
2,223 ft²
$815,000
Sep 15, 2021
$734,000 - $896,000
Mar 17, 2022
-
Sold
Multifamily
Stu
3
Baths
3,562 ft²
$845,000
May 6, 2023
$761,000 - $929,000
Jul 6, 2023
$362/mo
Sold
House
4
Beds
3
Baths
2,972 ft²
$740,000
Feb 4, 2022
$666,000 - $814,000
Apr 26, 2022
$601/mo
Active
House
3
Beds
3
Baths
3,006 ft²
$324/ft²
$975,000
Nov 29, 2023
-
$697/mo
Active
Multifamily
10
Beds
8
Baths
3,836 ft²
$310/ft²
$1,190,000
May 9, 2023
-
$307/mo
Active
House
9
Beds
6
Baths
3,824 ft²
$262/ft²
$1,000,000
Apr 24, 2023
-
$665/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/26/2021
|
|
Studio
|
4 Bath
|
1440 ft²
|
$489,000
Studio
4 Bath
1440 ft²
|
$445,000
-9.00%
10/02/2021
|
-
|
Christopher Swain
eXp Realty, LLC
|
07/28/2019
|
|
2 Bed
|
1 Bath
|
2568 ft²
|
$98,800
2 Bed
1 Bath
2568 ft²
|
$150,002
+51.82%
09/04/2019
|
-
|
Sherry Hickman Wray
Berkshire Hathaway HomeServices
|