Historic Bed & Breakfast with
For Sale
$2,500,000
1502 Market Street, Galveston, TX 77550
Renovated in 2021 with five guest suites and four apartment units.
Property Size6,462 SF
Lot Size0.44 Acres
Price / SF$386.88
Days on Market700
Property Features for 1502 Market Street
General Information
Standard status
Active
Size
6,462 SF
Lot size
0.44 Acres
Property subtype
Multi-Family / Multiple Houses
Units
Unit Mix
5 x guest suites, 4 x 1BR/1BA
Multifamily Units
9
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$13,359
Amenities
No
Yes
Wood,Tile
Central Laundry Facility
Ornamental Iron,Full
Building Details
Year Built
1868
Year Renovated
2021
Buildings
3
Listing Agency:
Better Homes and Gardens RE Gary Greene Galveston West End
Listed By:
Kim Saward · License #0645430
(972) 489-6694
Source:
Compass
Added: Oct 17, 2024
Changed: Sep 15
Last Checked: Sep 15 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes and Gardens RE Gary Greene Galveston West End
Investment Insights
Based on property information with market context.
George Manor is a hospitality property on a 0.444-acre corner parcel at Market Street and 15th Street in Galveston. The principal residence dates to 1868 and contains 3,812 square feet, five guest suites, and original frescoes in the dining room. Two guest cottages added in 1960 provide four one-bedroom, one-bathroom apartments.
The property totals 6,462 square feet and received extensive renovations in 2021, when it was converted for bed-and-breakfast operations. Interior features include wood and tile finishes along with a central laundry facility, while the grounds include full ornamental iron fencing. The setting provides proximity to Galveston's beachfront and downtown area, with the island positioned near the Gulf of Mexico and within the broader Houston metropolitan area.
The property totals 6,462 square feet and received extensive renovations in 2021, when it was converted for bed-and-breakfast operations. Interior features include wood and tile finishes along with a central laundry facility, while the grounds include full ornamental iron fencing. The setting provides proximity to Galveston's beachfront and downtown area, with the island positioned near the Gulf of Mexico and within the broader Houston metropolitan area.
Key Highlights
- 0.444‑acre corner lot at Market Street and 15th Street in Galveston
- 3,812‑square‑foot historic main residence built in 1868
- Five guest suites in the manor house
Property Analytics
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Current Use
Lease Details
9
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,143
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77550, TX
24,247
Population
15,811
Households
1.5
Avg Household Size
41
Median Age
33%
College-Educated
87%
High-School Grad
7.6 sq mi
ZIP Area
3,190
Density / Sq Mi
$46,262
Median Household Income
$35,800
Median Earnings
$1,182
Median Rent
$283,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Renovated in 2021 with five guest suites and four apartment units.
Where is this bed & breakfast located?
The property is located at 1502 Market Street Galveston, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 0.444‑acre corner lot at Market Street and 15th Street in Galveston; 3,812‑square‑foot historic main residence built in 1868; Five guest suites in the manor house
