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Owner Contacts

$475,000

111 E 2nd St, Houston, TX, 77007

Off Market

3 Beds

4 Bath

2,140 Sq Ft

Condos / Townhouses

$1.4 / sqft

Built in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,398 sqft

Building Information

Year Built2013

Garage Spaces2

Land Information

APN1302140010005

Lot Number5

SubdivisionMadison Park Villas

Land UseResidential

Legal DescriptionLT 5 BLK 1 MADISON PARK VILLAS

Census Tract510202

Assessed Land Value$119,000

Assessed Improvement Value$320,627

Assessment Year2025

About this property

Welcome to this stunning Heights home, nestled in a highly walkable neighborhood just minutes from downtown. Enjoy a vibrant urban lifestyle with easy access to restaurants, cafes, and a scenic walking trail along the white oak bayou - perfect for morning jogs or evening strolls. This light and bright home features soaring high ceilings, expansive windows, and an open-concept design that maximizes space and natural light. Whether you're relaxing on your private balcony, entertaining in the spacious living area, or taking in city views from the upper floors, this home offers both comfort and style in an unbeatable location.

Investor Tools

$475,000

Estimated Property Value

$291,750Estimated Mortgage Balance

$0Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,850 /month

Positive

Cash Flow Estimate:

$950 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$959/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,132

$439,627

2025

$119,000

$320,627

$439,627

Tax History

Year

Tax Paid

Assessed Value

2024

$9,132

$439,627

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Truity Fcu

Conventional

$286,500

First

Jun 23, 2016

Jul 2031

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$487,628

$20,372

103%

$3,468/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$3,468/mo

$-888/mo

6.5%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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