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Cedar Frame Team

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$ 875,000

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523 24th ST Galveston, TX 77550

10,248 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,248 sqft

Price per Sqft $85

Subdivision Galveston Townsite

MLS Listing ID 51227757

Year Built 1865

Annual Tax Amount $13,615

Tax Year 2024

Lot Size 5,160 Sqft

Property Sub-Type Fourplex

Property Description

The Galveston Carriage Place, located at 523 24th Street, is a historically significant building in downtown Galveston. Constructed in 1865, it originally served as the business premises & residence of Frederick D. Schmidt, a blacksmith, horseshoer, & carriage manufacturer. Schmidt operated his business on the ground floor & resided upstairs, maintaining ownership until 1944. Today, the building offers a unique live-work proposition for discerning buyers with the opportunity for plenty of rental income. There are currently 4 fully occupied spacious units ranging in approx. size of 992 SF - 3,475 SF. Several tenants are interested in remaining, allowing for immediate income to the new owner. Each unit separately metered for electric. Water & trash included in rent. Steps away from countless restaurants, shops, bars, & attractions!

Location

State TX

County Galveston

Area Downtown - Galveston/The Strand

Interior

Heating Central Electric

Cooling Central Electric

Exterior

Utilities Available Cable, Electric, Water

Roof Type Other

Building

Story 2

New Construction No

Schools

Elementary Schools Gisd Open Enroll

Middle Schools Gisd Open Enroll

High Schools Ball High School

School District 22 - Galveston

Others

Senior Community No

Restrictions Zoning

Tax ID 3505-0444-0008-002

Tax Rate 1.7307

Disclosures Sellers Disclosure, Tenant Occupied

Special Listing Condition Sellers Disclosure, Tenant Occupied

Houston Association of Realtors (HAR MLS)

Listed by Coldwell Banker TGRE • Brian Schwenk

Cedar Frame Team

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+1(979) 922-5544

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Cedar Frame Team

523 24th ST Galveston, TX 77550

Key Details

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Building

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523 24th ST