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$550,000

203 S 5th St, Highlands, TX, 77562

On MarketInfo
CommercialInfo
Beds4 Beds
Baths3 Bath
Baths2,238 Sq Ft
price_per_sqft$245.76 / sqft
Year BuiltBuilt in 1946

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Refrigerator
FlooringVinyl

Exterior

Lot Size15,002 sqft

Building Information

Year Built1946
Garage Spaces2

Land Information

APN0582610000011
Lot Number4B,4C
SubdivisionHighlands Townsite
Land UseResidential
Legal DescriptionLT 4B & N 1/2 OF LT 4C BLK 16 HIGHLANDS TOWNSITE
Census Tract252901
Assessed Land Value$39,375
Assessed Improvement Value$230,748
Assessment Year2025

About this property

Welcome to 203 S 5th St, a newly renovated and fully furnished triplex offering immediate income potential. Located in Highlands, Texas, just minutes from Houston, this property is ideal for investors or owner-occupants seeking strong flow and flexibility. The main residence features modern finishes, open-concept living spaces, and tasteful furnishings throughout. Recent updates include durable luxury vinyl flooring and an updated kitchen with granite countertops and a cooktop, combining style and functionality. Two additional units each offer 2 bedrooms and 1 bathroom, fully furnished and move-in ready—perfect for long-term tenants, short-term rentals, or multi-generational living. This property is comprised of two lots, identified by tax account numbers 058-261-000-0004 and 058-261-000-0011. This turnkey triplex provides multiple income streams and is ready for immediate use—an excellent opportunity to own a move-in-ready multi-unit property in a growing market.

Investor Tools

$0Estimated Mortgage Balance
$495,000Estimated 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
$306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,192
$270,123
2025
$39,375
$230,748
$270,123
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,192
$270,123

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$495,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
N/A
+$2,226/mo
5.4%

City: Highlands

203 S 5th St | Property Details | No Agent List