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$520,000

4820 Caroline St Apt 501, Houston, TX, 77004

PendingInfo
Beds2 Beds
Baths2 Bath
Baths1,447 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$359.36 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Microwave, Gas Range, Refrigerator, Washer/Dryer Stacked, Dishwasher, Washer/Dryer
FlooringTile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built2017

Land Information

APN1390320050001
Land UseResidential
Legal DescriptionUNIT 501 FLOOR 5 .0430 INT COMMON LAND & ELE OAKS ON CAROLINE CONDO 4TH AMEND
Census Tract312603
Assessed Land Value$81,663
Assessed Improvement Value$346,337
Assessment Year2025

About this property

A corner top-floor penthouse style residence in Houston's Museum District, just minutes from the Texas Medical Center and Downtown Houston. Featuring soaring 12-foot ceilings, two private balconies, and no neighbors above, this home offers privacy, natural light, location, and rare views :one balcony framing the Houston skyline, the other overlooking the treetops along Caroline Street. A modern kitchen with a large island, Monogram appliances, and a six-burner range. The primary suite offers a peaceful retreat with a Juliette balcony, and a private corridor leads to a separate walk-in closet and an ensuite bath with dual sinks, soaking tub, and walk-in shower. A second bedroom serves as a guest room or home office. Located in one of Houston's most walkable neighborhoods, Hermann Park and world-class museums are just steps away via ideal for a walk anytime. Two assigned side by side oversized parking spaces in the building's garage and a private 40 sqft storage unit.

Investor Tools

$383,232Estimated Mortgage Balance
$151,768Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,210 /month
Positive
Cash Flow Estimate:
$1,070 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$860/month
$644/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,640
$428,000
2025
$81,663
$346,337
$428,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,640
$428,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Houston Fcu
Conventional
$412,000
No
First
Oct 20, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$383,232
$151,768
28%
72%
$2,471/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$3,115/mo
$-1,808/mo
2.9%

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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