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$203,100

NAL Estimated Property Value

705 Main St Unit 216, Houston, TX, 77002

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths797 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.94 / sqft
Year BuiltBuilt in 1921

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Free-Standing Range, Dryer, Washer, Dishwasher, Refrigerator
FlooringConcrete, Slate, Wood

Building Information

Year Built1921
Garage Spaces1

Land Information

APN1269460000016
SubdivisionSt Germain Condo 3rd Amend
Land UseResidential
Legal DescriptionUNIT 216 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND
Census Tract980700
Assessed Land Value$38,595
Assessed Improvement Value$164,505
Assessment Year2025

About this property

Live the downtown Houston dream in this spacious 1-bedroom, 1-bath loft at the historic St. Germain. This industrial-style loft features reclaimed hardwood floors, high ceilings, and an open-concept living space with natural light. Across the street is the JP Morgan Chase bank building which has direct access to the 7 mile tunnel system with over 200 eateries, medical, beauty, retail, and much, much more. Located on the same block is Finn Hall, Shake Shack, Flying Saucer, and the AC Hotel with a Starbucks on the street level floor. This property is truly in the heart of Downtown close to parks, Sporting Venues, Theater District, and many restaurants.

Investor Tools

Property Icon
$203,100
Estimated Property Value
$48,271Estimated Mortgage Balance
$154,829Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,219 /month
Positive
Cash Flow Estimate:
$406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$431/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,153
$203,100
2025
$38,595
$164,505
$203,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,153
$203,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interlinc Mortgage Inc
Conventional
$80,500
No
First
Dec 2, 2009
Jan 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,271
$154,829
76%
24%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
N/A
+$1,530/mo
9.0%

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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705 Main St Unit 216 | Property Details | No Agent List