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$277,000

NAL Estimated Property Value

2802 Morrison St Unit 203, Houston, TX, 77009

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,170 Sq Ft
price_per_sqft$239.23 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Electric Range, Refrigerator, Washer/Dryer Stacked, Dishwasher
FlooringTile, Wood

Building Information

Year Built2014

Land Information

APN1331910020003
Land UseResidential
Legal DescriptionUNIT 203 FLR 2 .0279 INT COMMON LAND & ELE MORRISON MIDRISE CONDO AMEND
Census Tract510301
Assessed Land Value$51,379
Assessed Improvement Value$219,035
Assessment Year2025

About this property

Discover your dream home in the heart of the desirable Heights community! This stunning one-bedroom condo, complete with a study, is located on the second floor of the Morrison Midrise gated complex. Enjoy the perfect blend of luxury and convenience in this beautiful residence that offers a serene escape while just moments away from all the city has to offer. Abundant natural light fills the open-concept living space, creating a warm and inviting atmosphere. The modern kitchen design is perfect for both everyday living and entertaining. The nicely appointed bedroom includes ample closet space and a peaceful ambiance. The versatile study offers flexibility and can easily be used as a second bedroom, home office, or creative space. Enjoy your morning coffee or evening relaxation on your private balcony. The updated bath combines functionality with a modern design for your comfort. Contact us today to schedule a viewing and make this beautiful condo your new home!

Investor Tools

Property Icon
$277,000
Estimated Property Value
$172,960Estimated Mortgage Balance
$104,040Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,679 /month
Positive
Cash Flow Estimate:
$560 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$566/month
$493/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,411
$270,414
2025
$51,379
$219,035
$270,414
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,411
$270,414

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$175,000
No
First
Sep 4, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,960
$104,040
37%
62%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$1,543/mo
$-448/mo
4.7%

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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2802 Morrison St Unit 203 | Property Details | No Agent List