$375,000
●
Condo -
Off Market
2009 Postoffice #4
Galveston, TX 77550
2 Beds
1 Bath
1,091 Ft²
$2,543
Est. Monthly
$290
HOA / Fees
2.72%
Cap Rate
About This Property
Located in the 1907 Robinson Building Lofts in the heart of
Galveston's Historic District. This open-concept loft with exposed
brick walls and high ceilings add a touch of timeless character.
Two generously sized bedrooms and a beautifully appointed bathroom
offers both comfort and style. There is a spacious back deck off
the kitchen that provides a perfect area for your morning coffee.
The front windows afford you a great view of Galveston's iconic
Opera House.
Unit Size
1,091 Ft²
Days on Market
-
Land Size
-
Price per sqft
$344
Property Type
Condo
Property Taxes
$411
HOA Dues
$290
Year Built
1960
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (HAR #78045969)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Mar 15, 2025 | In contract | - | |
| In contract | |||
| Jan 16, 2025 | Listed by Coldwell Banker TGRE | $375,000 | |
| Listed by Coldwell Banker TGRE | |||
   | |||
|
The historic 1907 Robinson Building lofts are in the heart of the downtown entertainment district. This 3rd floor open-concept loft with exposed brick walls and high ceilings adds a touch of timeless character. The two generously sized bedrooms and beautifully appointed bathroom offer both comfort and style. The view from the front windows afford a great view of Galveston's iconic 1894 Opera Grand House. An additonal feature is the loft's outdoor space, provided by a spacious back deck off the kitchen. It provides a perfect area for your morning coffee and comes with a lovely view of St. Mary's Co-Cathedral. You are close and convenient to to all the Galveston entertainment and cultural scene has to offer. Parking can be independently arranged with the owner of the lot at the corner. Short Term rentals are allowed
| |||
| Jan 11, 2025 | No longer available | - | |
| No longer available | |||
| Dec 23, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - Corporate | $375,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Corporate | |||
| | |||
|
Located in the 1907 Robinson Building Lofts in the heart of Galveston's Historic District. This open-concept loft with exposed brick walls and high ceilings add a touch of timeless character. Two generously sized bedrooms and a beautifully appointed bathroom offers both comfort and style. There is a spacious back deck off the kitchen that provides a perfect area for your morning coffee. The front windows afford you a great view of Galveston's iconic Opera House.
| |||
Show More
Property Highlights
Air Conditioning
Parking Details
Parking Features: Off Site Parking
Interior Details
Bedrooms: 2
Bedrooms: All Bedrooms Down, Primary Bed - 4th Floor
Full Bathrooms: 1
Master Bathrooms: 0
Interior Features: Brick Walls, High Ceiling
Appliances: Dryer Included
Flooring: Carpet, Laminate
Living Area SqFt: 1091
Exterior Details
Ownership Type: Full Ownership
Year Built: 1907
Year Built Source: Seller
Home Type: Townhouse/Condo
Property Sub Type: Condominium
Architectural Style: Other Style
Construction materials: Other
Foundation: Slab
Roof: Other
Exterior Features: Rooftop Deck
Financial Details
Total Taxes: $4,931
Parcel Number: 3505-0440-0005-000
Utilities Details
Heating Type: Central Electric
Cooling Type: Central Electric
Sewer Septic: Public Sewer, Public Water
Location Details
Location: IH45 South turns into Broadway, Broadway to 21st, Left on 21st, Building on right
Subdivision: Galveston Townsite
HOA Details
HOA Fee: $290
HOA Fee Includes: Grounds
HOA Fee Pay Schedule: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/23/2024
|
2 Bed
|
1 Bath
|
1091 ft²
|
$375,000
2 Bed
1 Bath
1091 ft²
|
-
-
|
Chaille Short
Better Homes and Gardens Real Estate Gary Greene - Corporate
| |
|
06/17/2024
|
2 Bed
|
1 Bath
|
1091 ft²
|
$375,000
2 Bed
1 Bath
1091 ft²
|
-
-
|
Gary Schero
Better Homes and Gardens Real Estate Gary Greene-Gary Greene-Galveston Intown
|
Building Info
About Downtown Galveston
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Listed by: Gary Schero, Better Homes and Gardens Real Estate Gary Greene-Gary Greene-Galveston Intown
Last Updated: 2 years ago
Data Source: HAR , MLS# 78045969
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Last Updated: 2 years ago
Data Source: HAR , MLS# 78045969
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