1Days on Market

4view

$390,000

1211 Caroline St Unit 1408, Houston, TX, 77002

On Market

Just Added

2 Beds

2 Bath

1,100 Sq Ft

Condos / Townhouses

$354.55 / sqft

Built in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Refrigerator Included, Gas Oven, Oven, Microwave, Gas Range, Dryer, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer

FlooringEngineered Wood, Tile

Exterior

Exterior FeaturesBalcony/Terrace, Exercise Room, Trash Chute

Lot Size16,041 sqft

Building Information

Year Built2018

Land Information

APN1402910070008

Land UseResidential

Legal DescriptionUNIT 1408 .0103 INT COMMON LAND & ELE MARLOWE CONDO 4TH AMEND

Census Tract100001

Assessed Land Value$73,351

Assessed Improvement Value$312,706

Assessment Year2025

About this property

The Marlowe Condominium is a luxury residential building, offering sophisticated living in an unbeatable location. Unit 1408 features 2 bedrooms, 2 bathrooms, amazing views and is just blocks from the Downtown Tunnel System, Phoenicia Market, Toyota Center, Daikin Park, Discovery Green, GreenStreet, House of Blues, and an array of exceptional restaurants, bars, and entertainment. Residents enjoy 24/7 concierge service, a fitness center, sauna, outdoor pool, outdoor kitchen, and two unreserved parking spaces. The building also offers a furnished one-bedroom guest suite for a small fee, perfect for visiting family and friends or an occasional overnight stay. With its prime location, luxury amenities, and spectacular views, Unit 1408 is an exceptional opportunity to experience the best of Downtown Houston living.

Investor Tools

$0Estimated Mortgage Balance

$386,057Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,340 /month

Positive

Cash Flow Estimate:

$780 /month

Interested in this property?

Carlos Cardona

Better Homes and Gardens Real Estate Gary Greene - Woodway

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$694/month

$980/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,396

$386,057

2025

$73,351

$312,706

$386,057

Tax History

Year

Tax Paid

Assessed Value

2024

$6,396

$386,057

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$386,057

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,830/mo

$980/mo

+$850/mo

5.7%

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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