1902 Ursuline Street

Galveston, TX 77550

$625,000
Price
2
Beds
2
Baths
2,896 Sq. Ft.
$216 / Sq. Ft.
2,896
Sq. Ft.
$216
per Sq. Ft.

Description

Excellent turnkey investment opportunity with a 6.9% capitalization rate, fully leased and ready for a new owner. This historic property on Galveston Island, Texas, features a charming corner store on the first floor with a spacious second-floor residence. Enjoy the blend of commercial and residential spaces in a vibrant location near the Gulf of Mexico’s beautiful beaches and Galveston’s quaint downtown. Galveston Island is part of the Houston metropolitan area, strategically located close to Mexico...Excellent turnkey investment opportunity with a 6.9% capitalization rate, fully leased and ready for a new owner. This historic property on Galveston Island, Texas, features a charming corner store on the first floor with a spacious second-floor residence. Enjoy the blend of commercial and residential spaces in a vibrant location near the Gulf of Mexico’s beautiful beaches and Galveston’s quaint downtown. Galveston Island is part of the Houston metropolitan area, strategically located close to Mexico and the Gulf Coast, benefiting from Houston’s economic drivers in maritime, energy, aerospace, and healthcare. Nearby, the University of Texas Medical Branch (UTMB), a renowned health sciences center since 1891, anchors the community with a large campus and multiple hospitals. Contact us today for inquiries and to schedule a visit.
  1. Listed by Kimberly Saward • TREC #0645430 • Better Homes and Gardens Real Estate Gary Greene - Galveston West End

Property Details for 1902 Ursuline Street

Area
33
Geo Market Area
East End
Subdivision
Galveston Outlots
School District
22 - Galveston
Cool System
Central Electric, Window Units
LISTING UPDATED: 11/10/2024 07:19 PM

Property Details for 1902 Ursuline Street

StatusActive
MLS #2606796
Days on Market153
Taxes$7,958 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Duplex
Year Built1957
Lot Size0.05 AC / 2,336 SF
CountyGalveston County

Building Information for 1902 Ursuline Street

Stories2Residences1Year Built1957Building Size-Lot Size0.05 AC / 2,336 SF

Property Information for 1902 Ursuline Street

Description Information
School Details
  • School Elementary: GISD OPEN ENROLL
  • School Middle: GISD OPEN ENROLL
  • School High: BALL HIGH SCHOOL
Building Details
  • Stories: 2
  • Unit Total: 2
  • Front Door Faces: South
  • New Construction: No
  • Year Built Src: Appraisal District
Lot Information
  • Sq Ft Source: Appraisal District
  • Lot Size Source: Appraisal District
  • Section Num: 628
  • Parcel Number: 3510-0019-3008-002
Parking
  • Parking Features: Garage Parking
Unit Information
Unit 1
  • Unit Type: 2 Bedrooms
  • BR 1 Dimensions: 12x17
  • BR 2 Dimensions: 13x17
  • Living Room Dimensions: 13x22
Interior Exterior Utilities and Additional Information
Interior Features
  • Dishwasher: Yes
  • Refrigerator: Yes
  • Energy: Ceiling Fans, Digital Program Thermostat
  • Range: Yes
  • Floors: Concrete, Tile, Wood
  • Countertops: Granite
  • Unit Features: Balcony, Hardwood Floors
  • Misc Features: Private Entry, Walk to Transportation, Washer/Dryer Connections
Exterior Features
  • Lot Description: Corner
  • Roof: Composition
  • Heat System: Central Gas
  • 55+ Community: No
Financial Information
HOA and Fees
  • Maintenance Fee: No
  • Fee Other: No
  • Tax Year: 2023
  • Tax Rate: 1.75%
Financial Information
  • Tenancy Type: 1 Year

Property History for 1902 Ursuline Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1902 Ursuline Street

Taxable ValueLand$41,460Additions$583,540Total$625,000
Tax Record2023$7,958 ($663 / month)
Home Facts
Total Finished SqFt2,896 SqFtAbove Grade Finished SqFt2,896 SqFtStories2Lot Size2,335 SqFtStyleSingle Family ResidenceYear Built1957Year Renovated1995CountyGALVESTONAPN3510-0019-3008-002Fireplace TypeHas Fireplace

Schools near 1902 Ursuline Street

This home is within Galveston Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - PK to 4
Public - 5 to 6
Rating
School
Distance
Morgan Elementary Magnet School
PublicPK to 4

Burnet Elementary School
PublicPK to 4

Austin Middle School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1902 Ursuline Street is a multi-family home for sale in Galveston, TX 77550. This property was listed for sale on July 22, 2024 by Better Homes and Gardens Real Estate Gary Greene - Galveston West End, it's currently listed at $625,000. This listing's school district is Galveston Independent School District. Nearby schools include Rosenberg El Laboratory for Learning and Leading, Morgan Elementary Magnet School and Burnet Elementary School. 1902 Ursuline Street is a 2-bed, 2-bath, 2,896 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Homes and Gardens Real Estate Gary Greene - Galveston West End, Kimberly Saward, TREC #0645430

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