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Owner Contacts

$358,578

NAL Estimated Property Value

201 Main St Unit 8g, Houston, TX, 77002

Off Market

1 Beds

1 Bath

1,401 Sq Ft

Condos / Townhouses

$1.89 / sqft

Built in 1995

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringWood

Building Information

Year Built1995

Garage Spaces2

Land Information

APN1228970000058

SubdivisionFranklin Lofts Condo 4th Amend

Land UseResidential

Legal DescriptionUNIT 8G .0079 INT COMMON LAND & ELE FRANKLIN LOFTS CONDO 6TH AMEND

Census Tract980700

Assessed Land Value$68,130

Assessed Improvement Value$290,448

Assessment Year2025

About this property

Upon entry to this penthouse unit you notice the gallery entry with over 16 foot high concrete ceilings. Entry to the living area begs for art making it a true gallery entry. Franklin Lofts, formerly the historic First National Bank Building built in 1904, sits majestically on the corner of Main and Franklin Streets, just a block from the hike and bike trail along the Buffalo Bayou where the Allen Brothers founded Houston. Light Rail line runs conveniently in front of the building for easy access to shopping, Medical Center, Museum District, UH University, Midtown & NRG. This property is two blocks from historic Market Square Park for live music, movies, Bingo night, food markets and much more. Food Halls are within blocks, Post Houston and Theatre District are within walking distance. Large bathroom has been completely remodeled, brand new washer and dryer. The unit has 3/4 inch real hardwood floors and comes with two reserved parking spaces.

Investor Tools

$358,578

Estimated Property Value

$0Estimated Mortgage Balance

$358,578Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,151 /month

Positive

Cash Flow Estimate:

$717 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$661/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,139

$358,578

2025

$68,130

$290,448

$358,578

Tax History

Year

Tax Paid

Assessed Value

2024

$6,139

$358,578

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$358,578

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

N/A

+$1,530/mo

5.1%

Learn About the Market: Opportunity in Houston

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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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