B+

NoAgentList RatingHow are grades calculated?

1Days on Market

4view

$490,000

1606 Calumet St, Houston, TX, 77004

On Market

Just Added

3 Beds

3 Bath

2,634 Sq Ft

Condos / Townhouses

$186.03 / sqft

Built in 2005

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Refrigerator, Dishwasher

FlooringCarpet, Slate, Wood

Exterior

Lot Size1,407 sqft

Building Information

Year Built2005

Garage Spaces2

Land Information

APN1254830010005

Lot Number5

Land UseResidential

Legal DescriptionLT 5 BLK 1 MUSEUM GALLERIE AMEND

Census Tract312601

Assessed Land Value$132,915

Assessed Improvement Value$400,766

Assessment Year2025

About this property

This contemporary Museum District townhouse is well located in a gated community. Gated courtyard to front door. Formal entry as well as bedroom and full bath down. Two car attached garage opens to gated driveway. Up to expansive living and dining with natural light and high ceilings. Well appointed Island kitchen with back balcony access. Primary bedroom on next level with views overlooking wooded esplanade on Calumet. Additional bedroom/bath and washer/dryer on this level. Stairs up to top level covered balcony with fireplace and wet bar and impressive downtown views. Proximity to Houston’s stimulating inner-city including downtown, the med center, Hermann Park, Rice University, etc.! Zoned to Poe Elementary School. Two new zones of A/C in July of 2026!

Investor Tools

$533,681

Estimated Property Value

$0Estimated Mortgage Balance

$533,681Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,202 /month

Positive

Cash Flow Estimate:

$1,067 /month

Interested in this property?

Robert Bland

Compass RE Texas, LLC - Houston

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$858/month

$6,600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,623

$533,681

2025

$132,915

$400,766

$533,681

Tax History

Year

Tax Paid

Assessed Value

2024

$7,623

$533,681

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$533,681

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$6,600/mo

$-4,878/mo

3.9%

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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