New construction
$550,000
4 bd · 3 ba · 2,238 sqft · 10,001 sqft lot
201 S 5th St, Highlands, TX 77562
Single family · Built 1946 · $246/sqft ·
$3,412/mo est. payment
- Stories
- 1
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 4
- Primary Bedroom Dimensions: 18' x 16'
- Bedroom 1 Dimensions: 15' x 14'
- Bedroom 2 Dimensions: 12' x 13'
- Bedroom 3 Dimensions: 13' x 14'
- Primary Bedroom Level: First
- Bedroom 1 Level: First
- Bedroom 2 Level: First
Other Rooms
- Total Rooms: 10
- Guest Quarters Dimensions: 14' x 24'
- Guest Quarters Dimensions: 26' x 15'
- Den Dimensions: 18' x 14'
- Living Room Dimensions: 13' x 14'
- Den Level: First
- Living Room Level: First
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Primary Bathroom Dimensions: 8' x 14'
- Primary Bathroom Level: First
Interior Features
- All bedrooms down
- Breakfast bar
- Full bath on main level
- High ceilings
- Kitchen island
- Kitchen family room combo
- Pantry
- Vaulted ceilings
Appliances
- Convection oven
- Electric cooktop
- Disposal
- Microwave
- Cooktop
- Refrigerator
- Laundry Features: Washer Hookup, Electric Dryer Hookup
Heating and Cooling
- Cooling Features: Central Air, Electric
- Fireplace Features: Free Standing
- Heating Features: Central, Electric
- Heating: Yes
- Number of Fireplaces: 1
Kitchen and Dining
- Kitchen Dimensions: 14' x 12'
- Kitchen Level: First
Exterior and Lot Features
- Fully fenced
- Fence
- Fencing: Back Yard
- Road Surface Type: Concrete
Schools
- 3
Highlands Elementary School
elementary · 1-5 · 0.6 mi
- 5
Highlands Junior High School
middle · 6-8 · 1.4 mi
- 4
Goose Creek Memorial
high · 9-12 · 5.5 mi
San Jacinto Christian Academy
elementary · K-12 · 2.2 mi
San Jacinto Christian Academy
elementary · K-12 · 2.2 mi
Hopper Primary School
elementary · K · 0.7 mi
Price history
- Sep 14, 2026 · Listed$550,000
- Sep 12, 2026 · Listing Removed$70,000
- Sep 11, 2026 · Listing Removed$70,000
- May 3, 2026 · Listing Removed$70,000
- May 2, 2026 · Listing Removed—
- Dec 1, 2025 · Listed$170,000
Tax history
- 2026$855 tax · $37,500 assessed
- 2025$842 tax · $37,500 assessed
- 2023$826 tax · $37,500 assessed
- 2022$736 tax · $30,000 assessed
- 2021$772 tax · $30,000 assessed
- 2020$769 tax · $30,000 assessed
- 2019$783 tax · $30,000 assessed
- 2018$681 tax · $25,000 assessed
Home value
$535,873
- Quantarium$535,873
- Collateral Analytics$544,000
- Cotality$517,900
Where it is
Listed by Rita Zarghami · Premier Homes · Houston
