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201 S 5th St

Highlands, TX 77562
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Just listedJust listed
4 Bedroom(s)
3 Full Bath(s)
2,238 Sqft
25,000 Lot Sqft
Single-Family

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Description

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.

MLS#
65868658
List Price
$550,000 ($246/Sqft.)
Listing Status
For Sale
Address
201 S 5th St
City
Highlands
State
TX
Zip Code
77562
County
Harris County
Legal Description
LT 4A BLK 16 HIGHLANDS TOWNSITE
Property Type
Single-Family
Bedroom
4 Bedroom(s)
Bath
3 Full Bath(s)
Stories
1
Building Size
2,238 Sqft/Seller
Architecture Style
Ranch
Year Built
1946 /Appraisal
Lot Size
25,000 Sqft/Appraisal District
Key Map©
459U
Market Area

Rooms

Living
13 x 14, 1st
Den
18 x 14, 1st
Kitchen
14 x 12, 1st
Primary Bedroom
18 x 16, 1st
Bedroom
13 x 14, 1st
Bedroom
12 x 13, 1st
Bedroom
15 x 14, 1st
Primary Bath
8 x 14, 1st
Quarters/Guest House
14 x 24, Other
Quarters/Guest House
26 x 15, Other

Exterior

Roof
Composition
Foundation
Pier & Beam
Private Pool
No
Exterior Type
Brick, Cement Board
Lot Description
Cleared, Corner, Subdivision Lot
Garage Carport
Extra Driveway,RV Parking
Controlled Access
Automatic Gate
Water Sewer
Public Sewer, Public Water
Area Pool
No
Exterior
Back Yard Fenced, Fully Fenced, Side Yard

Extra details you may need to know

Dwelling Type
Free Standing
HOA Mandatory
No
List Type
Exclusive Right to Sell/Lease

Financial information

Financing Considered
Cash Sale, Conventional, Other, Texas Veterans Land Board
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$7,394/2025
Tax Rate
2.2473

Interior

Fireplace
1/Freestanding
Floors
Vinyl Plank
Bathroom Description
Full Secondary Bathroom Down, Primary Bath: Shower Only
Bedroom Description
All Bedrooms Down
Kitchen Description
Breakfast Bar,Island w/ Cooktop,Kitchen open to Family Room,Pantry
Room Description
Breakfast Room, Den, Entry, Formal Living, Kitchen/Dining Combo, Living Area - 1st Floor, Quarters/Guest House
Cooling
Central Electric
Heating
Central Electric
Connections
Electric Dryer Connections, Washer Connections
Disposal
Yes
Microwave
Yes
Range
Freestanding Range
Energy Feature
Ceiling Fans
Interior
Fire/Smoke Alarm, High Ceiling, Refrigerator Included, Vaulted Ceiling

Lot Information

Lot Size
25,000 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Information source

Houston Association of REALTORS®
Source last updated Sep 15, 2026 at 05:47 PM
Listing last updated Sep 15, 2026 at 04:59 AM
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Estimated Monthly Payments

DOWN PAYMENT
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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