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Days35Days on Market
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$639,000

609 Sealy Street Rear, Galveston, TX, 77550

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,623 Sq Ft
price_per_sqft$393.72 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
CoolingCooling
AppliancesRange, ENERGY STAR Qualified Appliances, Microwave, Dishwasher, Refrigerator

Exterior

Lot Size1,712 sqft

Building Information

Year Built1960
Stories1
Roof Type172
Garage Spaces4

Land Information

APN3505-0186-0005-002
Lot Number5
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR S 40 FT OF LOT 5 (5-2) BLK 186 GALVESTON
Census Tract724300
Assessed Land Value$79,660
Assessed Improvement Value$120,340
Assessment Year2025

About this property

609 Sealy Rear – Prime Investment Opportunity Discover an exceptional income-producing property at 609 Sealy Rear, fully rehabbed in 2024 and located just walk from UTMB and the beach. This modern 4-unit building offers a rare mix of layouts: three spacious 1-bedroom/1-bath apartments and one stunning 2-bedroom/2-bath unit featuring luxury finishes, a private rooftop terrace, and a step-in closet. Each apartment is thoughtfully designed with washer and dryer included, stainless steel appliances, efficient mini-splits, and stylish modern finishes. Tenants enjoy a quiet setting in a desirable no-flood zone location, combining peace of mind with unbeatable convenience. Whether you’re looking to expand your portfolio or secure a prime property in Galveston’s strong rental market, this turnkey asset is a must-see.

Investor Tools

Property Icon
$226,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,834 /month
Positive
Cash Flow Estimate:
$1,278 /month

Interested in this property?

Jonathan Minerick

homecoin.com

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$325/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,770
$192,096
2025
$79,660
$120,340
$200,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,770
$192,096

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 4 Llc
Commercial
$521,250
No
First
Mar 31, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$487,453
N/A
0%
216%
$3,126/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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609 Sealy Street Rear | Property Details | No Agent List