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$234,900

1602 Elgin St Apt 10, Houston, TX, 77004

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths1,502 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$156.39 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Vinyl

Building Information

Year Built2004

Land Information

APN1251070000010
Land UseResidential
Legal DescriptionUNIT 10 .0718 INT COMMON LAND & ELE PARK LOFTS CONDO
Census Tract312502
Assessed Land Value$47,895
Assessed Improvement Value$204,184
Assessment Year2025

About this property

Welcome to 1602 Elgin in Midtown, one of Houston's most vibrant and walkable neighborhoods. This stylish 1502 sf townhouse-style condo features a unique loft-style layout with a HUGE primary bedroom and a lofted flex 2nd bedroom. The freshly painted interior features LVP floors, black-framed steel windows, and an open staircase that give the space a clean, modern character. The kitchen and living areas connect seamlessly, creating a comfortable, open feel throughout the unit's first floor. The primary bedroom boasts soaring ceilings. In-unit washer and dryer included. NEW WATER HEATER AND AC CONDENSER 2025. Unit #10 has 2 assigned parking spaces. Just minutes from Downtown, the Med Center, and universities including Rice and UH, and a short trip to EaDo favorites like Pitch 25 and Warehouse Live.

Investor Tools

$184,279Estimated Mortgage Balance
$67,800Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,512 /month
Positive
Cash Flow Estimate:
$504 /month

Interested in this property?

Jon Caballero

Happen Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$571/month
$423/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,596
$252,079
2025
$47,895
$204,184
$252,079
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,596
$252,079

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Golden Empire Mortgage Inc
Conventional
$207,000
No
First
Nov 25, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,279
$67,800
26%
73%
$1,242/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$1,665/mo
$-570/mo
5.2%

Learn About the Market: Opportunity in Houston

Local Market Pages
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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1602 Elgin St Apt 10 | Property Details | No Agent List