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$634,000

1607 Prospect St, Houston, TX, 77004

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,007 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$209.18 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Gas Cooktop, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,668 sqft

Building Information

Year Built2007
Garage Spaces2

Land Information

APN1289940010017
Lot Number17
SubdivisionRegents Green
Land UseResidential
Legal DescriptionLT 17 BLK 1 REGENTS GREEN
Census Tract312602
Assessed Land Value$134,774
Assessed Improvement Value$394,194
Assessment Year2025

About this property

This beautiful 4 bedroom/4.5 bath patio home, located in the heart of the Museum District, has been meticulously maintained on the interior & exterior. The home features well-appointed finishes, high ceilings, abundant natural light, shaded rooftop deck w/ med center views, great storage, & is elevator capable. A large, open concept living space includes custom built-ins & French door access to a small balcony. The fabulous kitchen features a walk-in pantry, SS appliances, & ample counter space/storage. An expansive, sun-filled primary retreat offers a large walk-in closet, & spa like bath w/ oversized vanity, double sinks, walk-in shower, separate tub & water closet. The secondary bedrooms include ensuite baths & offer great space & functionality. The 4th floor space features an ensuite bath & offers great flexibility for use. Located minutes from the Museum District, Hermann Park, Rice, Downtown, the Commuter Train & the Med Center, this home offers amazing quality and convenience.

Investor Tools

Property Icon
$634,000
Estimated Property Value
$0Estimated Mortgage Balance
$634,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,804 /month
Positive
Cash Flow Estimate:
$1,268 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,034/month
$2,800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,238
$528,968
2025
$134,774
$394,194
$528,968
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,238
$528,968

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$628,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,800/mo
$-1,078/mo
3.3%

Learn About the Market: Opportunity in Houston

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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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