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$550,000

201 S 5th Street, Highlands, TX, 77562

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,238 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$245.76 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDisposal, Refrigerator Included, Microwave, Free-Standing Range
FlooringVinyl Plank

Exterior

Exterior FeaturesSide Yard
Lot Size10,001 sqft

Land Information

APN0582610000004
Lot Number4A
SubdivisionHighlands Townsite
Land UseResidential
Legal DescriptionLT 4A BLK 16 HIGHLANDS TOWNSITE
Census Tract252901
Assessed Land Value$37,500
Assessment Year2025

About this property

TURNKEY FULLY FURNISHED TRIPLEX | INVESTMENT PROPERTY | TWO ADUs! Newly renovated and ready to generate income, this versatile multifamily property offers an exceptional investment opportunity in Highlands, Texas. The main residence features modern finishes, an open-concept floor plan, luxury vinyl flooring, and an updated kitchen with granite countertops. Two fully furnished 2-bedroom, 1-bath ADUs are move-in ready and provide excellent potential for long-term or short-term rental income. Situated on two lots, this income-producing property offers multiple living spaces, flexible rental options, and potential for an owner-occupant house-hack strategy or growing investment portfolio. Furnishings are already in place, minimizing setup time and allowing for immediate occupancy or rental use. Conveniently located near Houston in a growing market, this property combines turnkey condition, multifamily versatility, and multiple income-producing opportunities. Schedule your private showing.

Investor Tools

$0Estimated Mortgage Balance
$97,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Rita Zarghami

NEXTHOME Premier Homes Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$61/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$246
$37,500
2025
$37,500
N/A
$37,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$246
$37,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$97,000
100%
0%
$0/mo

City: Highlands

201 S 5th Street | Property Details | No Agent List