523 24th St Galveston, TX 77550

Building Details

Year Built

1865

Listing office b***@talktotgre.com Show Phone

Listing date Nov 27, 2025

Source Elliman

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Investment Insights

Based on property information with market context.

The Galveston Carriage Place, situated at 523 24th Street in downtown Galveston, is a historically significant building constructed in 1865. Originally, it served as both the business premises and residence of Frederick D. Schmidt, a blacksmith, horseshoer, and carriage manufacturer. Schmidt operated his business on the ground floor and resided upstairs, retaining ownership until 1944. Today, the building presents a unique live-work opportunity for buyers, with the potential for rental income. The property includes 4 fully occupied spacious units, ranging in size from approximately 992 to 3,475 square feet. Several tenants are interested in remaining, providing immediate income for a new owner. Each unit is separately metered for electric, while water and trash services are included in the rent. The property is located steps away from numerous restaurants, shops, bars, and attractions.

Key Highlights

• Historically significant building (circa 1865) in downtown Galveston.
• Unique live‑work opportunity with potential for rental income.
• Currently 4 fully occupied units, providing immediate income.

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FAQs

What type of property is this?

Live-work space - Historically significant mixed-use building with income potential in downtown Galveston.

Where is this live-work space located?

The property is located at 523 24th St Galveston, TX.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Historically significant building (circa 1865) in downtown Galveston.; Unique live‑work opportunity with potential for rental income.; Currently 4 fully occupied units, providing immediate income.