Street View

B+

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Owner Contacts

$666,000

1401 Calumet St Unit 302, Houston, TX, 77004

Off Market

2 Beds

2 Bath

1,885 Sq Ft

Condos / Townhouses

$1.78 / sqft

Built in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Instant Hot Water

FlooringConcrete, Tile, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1999

Garage Spaces2

Land Information

APN1205550030003

SubdivisionIl Palazzo Condo Amend

Land UseResidential

Legal DescriptionUNIT 302 FLR 3 .0151 INT COMMON LAND & ELE IL PALAZZO CONDO AMEND

Census Tract312602

Assessed Land Value$75,186

Assessed Improvement Value$320,530

Assessment Year2025

About this property

Rare find in the Museum District! IL Palazzco Condos! Units rarely come available for lease in this building! Offering almost 1900 sqf, this 2 bedroom/2 bath loft style unit is spacious! A few of the features include a beautiful island kitchen with Carrara marble counter tops & upgraded appliances including a Viking brand range & GE Monogram series refrigerator, real hardwood flooring, high ceilings, brick wall, dry bar w/beverage chiller & a nicely sized balcony. For your vehicles, there are two parking spots. Enjoy the convenience of concierge services! Water/trash/sewer included! Medical Center, museums, Herman Park, Houston Zoo, Metro rail & great restaurants are all within just a few blocks. Room sizes noted are approximate, please measure for your furniture. Be sure to include this outstanding condo on your must-see list!

Investor Tools

$666,000

Estimated Property Value

$0Estimated Mortgage Balance

$666,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,996 /month

Positive

Cash Flow Estimate:

$1,332 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$351/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$885

$395,716

2025

$75,186

$320,530

$395,716

Tax History

Year

Tax Paid

Assessed Value

2024

$885

$395,716

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$668,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

N/A

+$1,307/mo

2.4%

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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