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$2,200

$2,200

705 Main St Unit 516, Houston, TX, 77002

On MarketInfo
Price DropInfo
Beds1 Beds
Baths1 Bath
Baths1,097 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.01 / sqft
Year BuiltBuilt in 1921

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1921
Garage Spaces1

Land Information

APN1269460000076
SubdivisionSt Germain Condo 3rd Amend
Land UseResidential
Legal DescriptionUNIT 516 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND
Census Tract980700
Assessed Land Value$48,829
Assessed Improvement Value$208,167
Assessment Year2025

About this property

Unlike anything else currently available in Downtown, this beautifully remodeled corner unit at 705 Main offers a rare combination of thoughtful design, functionality, and style. The spacious layout is filled with natural light and features a dramatic entryway with designer lighting and custom wallpaper. The updated kitchen flows seamlessly into the living and dining areas, while custom double accent doors conceal a dedicated laundry area with built-in storage. The oversized bathroom has been completely transformed with custom cabinetry and a large walk-in shower. The bedroom is bright and inviting, and the closets have been upgraded with custom built-ins for exceptional organization. From the curated finishes to the extensive custom improvements throughout, this move-in-ready loft stands apart from every other unit currently on the market.

Investor Tools

$199,580Estimated Mortgage Balance
$57,416Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

Interested in this property?

Laura Miranda

Compass RE Texas, LLC - The Heights

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$391/month
$862/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,412
$256,996
2025
$48,829
$208,167
$256,996
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,412
$256,996

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$223,285
Yes
First
Jan 14, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$199,580
$57,416
22%
78%
$1,339/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$2,201/mo
$-671/mo
7.1%

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 516 | Property Details | No Agent List