Street View

1view

Owner Contacts

$152,343

2016 Main St Apt 1201, Houston, TX, 77002

Off Market

1 Beds

1 Bath

739 Sq Ft

Condos / Townhouses

$2.5 / sqft

Built in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

Building Information

Year Built1965

Stories1

Land Information

APN1145880120001

Subdivision2016 Main Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 1201 FLOOR 12 .0027 INT COMMON LAND & ELE 2016 MAIN CONDO 3RD AMEND

Census Tract410602

Assessed Land Value$28,945

Assessed Improvement Value$123,398

Assessment Year2025

About this property

Welcome home to the Iconic 2016 Main High Rise located near the heart of downtown! This immaculate 1-bedroom open floorplan condo with stunning views is conveniently located near popular Midtown/Downtown Eateries, Metro Rail, Theaters,Pubs, Shopping, Grocery Stores, Dog Park, and Bayou Running/Cycling Trails. This condo features floor to ceiling windows, engineered hardwood floors, granite countertops, shaker style cabinetry, washer & dryer, and stainless-steel appliances. A relaxing master suite is complete w/ a large glass waterfall-like shower. ALL BILLS INCLUDED: electricity, internet, cable, water, trash. AMENITIES: gym, pool, hot tub, lounge area, grills, party room, vending area/ATM, package room, laundry room. 1 assigned parking space.

Investor Tools

$152,343

Estimated Property Value

$45,750Estimated Mortgage Balance

$147,920Estimated Equity

70% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$914 /month

Positive

Cash Flow Estimate:

$305 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$201/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,647

$152,343

2025

$28,945

$123,398

$152,343

Tax History

Year

Tax Paid

Assessed Value

2024

$1,647

$152,343

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Gar Associates Iii Lp

Seller Carryback / Seller Financing / Seller Take-Back

$45,750

First

Feb 7, 1998

Mar 2028

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$4,423

$147,920

97%

$275/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$275/mo

+$1,255/mo

12.1%

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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