$1,999,000

Estimated payment $13,396/month

Total Views 8,148
4 Beds
2 Baths
17,641 Sq Ft
$113 Price per Sq Ft

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 1-minute walk to Saengerfest Park
  • Oppe Elementary School Rated A-

About This Home

1870 Merchants Mutual Insurance Building with mansard roof boasts original hardwood floors, exposed brick walls, soaring ceilings, and enormous windows to take in all the Strand has to offer! This 4 story building has 2 longtime tenants on the first floor. Each has their own bathroom and access to loading dock off the alley. The second floor has two finished apartments. The front expansive unit 2165 sq ft. faces the Strand and has 4 bedrooms + office, 2.5 baths, and large living/dining area. It was recently leased as an office for a bath company. The back unit currently is rented and is a one bedroom one bath . The third and fourth floors are wide open and the possibilites are endless. The Third floor does however have a bathroom. The fourth floor has a great view of Cruise ships in the Harbor. All four floors have access to the freight elevator and the roof can be utilized as an entertaining space. Previous two owners have been very involved in the rehab of the building.

Listing Agent

Tom Schwenk

Coldwell Banker TGRE License #0505240 Listed on: 06/01/2025

Coldwell Banker TGRE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,415

Year Built

  • Built in 1870

Lot Details

  • 5,160 Sq Ft Lot

Parking

  • Paved Parking

Interior Spaces

  • 17,641 Sq Ft Home
  • 4-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Gisd Open Enroll Elementary And Middle School
  • Ball High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 6 Units
  • Galveston Townsite Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,415

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Directions: East on Broadway to 24th Street, Left on 24th Street, continue straight to Strand, Right on Strand, Building is 3rd on the right.
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 4
  • Year Built: 1870
  • Subdivision Name: Galveston Townsite
  • New Construction: No
  • Special Features: None
  • Stories: 4

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Tile, Wood
  • Living Area: 17641.0

Exterior Features

  • Disclosures: Other, Seller Disclosure
  • Roof: Other

Garage/Parking

  • Parking Features: Paved

Utilities

  • Utilities: Cable Available, Electricity Available, Water Available
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: GISD OPEN ENROLL
  • Junior High Dist: 22 - Galveston
  • High School: BALL HIGH SCHOOL
  • Middle Or Junior School: GISD OPEN ENROLL

Multi Family

  • Number Of Units Total: 6

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $29,415 $1,699,640 $234,780 $1,464,860
2023 $29,415 $1,550,000 $30,960 $1,519,040
2022 $31,249 $1,550,000 $30,960 $1,519,040
2021 $16,965 $750,000 $30,960 $719,040
2020 $10,920 $455,643 $30,960 $424,683
2019 $9,685 $392,730 $30,960 $361,770
2018 $9,718 $392,730 $30,960 $361,770
2017 $9,602 $392,730 $30,960 $361,770
2016 $7,444 $304,460 $30,960 $273,500
2015 $7,241 $292,580 $30,960 $261,620
2014 $6,143 $232,320 $30,960 $201,360
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2025 06/01/25 For Sale $1,999,000 0.0% $113 / Sq Ft
04/29/2014 04/29/14 For Rent -- -- --
04/29/2014 04/29/14 Rented -- -- --
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,240,000 New Conventional
Previous Owner $267,894 Unknown
Previous Owner $250,000 Unknown
Previous Owner $100,000 Commercial
Source: Public Records

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Source: Houston Association of REALTORS®

MLS Number: 50640976

Houston Association of REALTORS®

APN: 3505-0623-0003-000