523 24th St, Galveston, TX, 77550
About This Home
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!
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1865
Materials
- Roof: Other
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Heating & Cooling
- Heating features: Electric
- Cooling features: Electric
Interior Area
- Total structure area: 10,248
- Total interior livable area: 10,248 sqft
Property
Details
- Parcel number: 350504440008002
Features
- Stories: 2
Lot
- Lot size: 5,161 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Cold Wave
- Hurricane
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,424 | $53,088 |
| Home Insurance * | $310 | $3,720 |
| Property Taxes | $1,020 | $12,240 |
| Electricity | $1,125 | $13,503 |
| Total | $6,879 | $82,548 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-06-27 | Listed for sale | $875,000 |
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