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$1,200,000

5440 Highline Dr, Montgomery, TX, 77316

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,960 Sq Ft
price_per_sqft$612.24 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 2Bathrooms Half 2
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Microwave, Dishwasher
FlooringConcrete

Exterior

Lot Size22,000 sqft

Building Information

Year Built2008
Stories1
Roof Type105

Land Information

APN5860-00-02300
Lot Number23
SubdivisionHolly Estates
Land UseResidential
Legal DescriptionS586000 - HOLLY ESTATES 01, BLOCK 1, LOT 23
Census Tract694402
Assessed Land Value$20,204
Assessed Improvement Value$261,451
Assessment Year2025

About this property

Exceptional investment opportunity in Montgomery, TX! This multifamily property consists of four duplexes totaling eight income-producing units, all currently leased and generating cash flow from day one. The property has benefited from ongoing improvements, including new roofs, new water heaters in select units, and renovations completed in several units as vacancies occurred over recent years. With an established rental history and existing tenants in place, this is an ideal opportunity for investors looking to add a stabilized multifamily asset to their portfolio. Even more upside awaits with additional land offering the potential to build more duplexes in the future and further increase rental income. A rare combination of immediate cash flow, continued improvements, and future expansion potential in growing Montgomery!

Investor Tools

$194,956Estimated Mortgage Balance
$79,044Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Thomas Eureste

Nan & Company Properties - Corporate Office (Heights)

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$476/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,344
$268,922
2025
$20,204
$261,451
$281,655
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,344
$268,922

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust East Texas Nacogdoche
Open End Mortgage / Open End With Future Advance Clause
$350,000
No
First
Dec 19, 2008
Dec 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,956
$79,044
28%
71%
$2,099/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Montgomery

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5440 Highline Dr | Property Details | No Agent List