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$370,248

NAL Estimated Property Value

201 Main Street 6J, Houston, TX, 77002

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,791 Sq Ft
price_per_sqft$192.07 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Range, Refrigerator, Washer/Dryer
FlooringWood

Building Information

Year Built1995

Land Information

APN1228970000042
SubdivisionFranklin Lofts Condo 4th Amend
Land UseResidential
Legal DescriptionUNIT 6J .0101 INT COMMON LAND & ELE FRANKLIN LOFTS CONDO 6TH AMEND
Census Tract980700
Assessed Land Value$70,347
Assessed Improvement Value$299,901
Assessment Year2025

About this property

The pinnacle of urban style! Located at Downtown's historic Franklin Lofts, this sprawling unit offers countless architectural charms including exposed brick walls, original metal frame windows & solid oak hardwoods (refinished July 2020). Massive 48'x20'* LR/DR/Kitchen is perfect for entertaining. Two separate bedrooms located on opposite ends of unit. Kitchen features 6-burner gas range, island, beverage chiller & cabinetry with custom painted/waxed antique finish. Circa Lighting Fixtures throughout. Range & Refrigerator replaced 2018.*Both A/C's & both water heaters replaced 2019.* Garbage Disposal replaced & wood floors refinished 2020.* (*=Per Seller). 2 assigned garage spaces. HOA fee includes water, sewer, trash, gas & fiber optic internet. Located within Downtown's Historic District and walkable to Theater District, Market Sq Park, Buffalo Bayou Park, sporting venues, restaurants, bars & ALL Downtown attractions. On MetroRail! *Buyer to verify all dimensions.

Investor Tools

Property Icon
$370,248
Estimated Property Value
$159,864Estimated Mortgage Balance
$210,384Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,221 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$782/month
$979/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,535
$370,248
2025
$70,347
$299,901
$370,248
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,535
$370,248

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra Lending Group Llc
Conventional
$166,750
No
First
Jul 25, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,864
$210,384
56%
43%
$1,137/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$2,116/mo
$-286/mo
5.9%

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.

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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