201 S 5th Street
Highlands, TX 77562
$550,000
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.
| Listing Id: | 65868658 |
|---|---|
| List Price: | $550,000 |
| Property Type: | Residential |
| Property Sub Type: | Detached |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 3 |
| Living Area: | 2,238 |
| Tax Annual Amount: | $7,394 |
| Lot Size Acres: | 0.2296 |
| Architectural Style: | Ranch |
| Waterfront?: | No |
| City: | Highlands |
| County Or Parish: | Harris |
| Subdivision: | Highlands Townsite |
| Postal Code: | 77562 |
| Year Built: | 1946 |
| Appliances: | Convection Oven, Electric Cooktop, Disposal, Microwave, Cooktop, and Refrigerator |
| Room Type: | BreakfastRoomNook, Den, EntryFoyer, GuestQuarters, Kitchen, LivingRoom |
| Basement Yn: | No |
| Bathrooms Total Integer: | 3 |
| Building Area Total: | 2,238.0 |
| Construction Materials: | Brick, CementSiding |
| Cooling: | Central Air and Electric |
| Cooling?: | Yes |
| Directions: | I10 East; EXIT S. Main Street - TURN North onto S. Main Street; LEFT onto Avenue C; LEFT onto S. 5th Street. Home is on the Left - 201 S. 5th Street. |
| Disclosures: | None |
| Elementary School: | HIGHLANDS ELEMENTARY SCHOOL |
| Elementary School District: | 23 - Goose Creek Consolidated |
| Exterior Features: | FullyFenced, Fence |
| Fencing: | BackYard |
| Fireplace Features: | FreeStanding |
| Fireplaces Total: | 1 |
| Fireplace?: | Yes |
| Flooring: | Plank, Vinyl |
| Foundation Details: | PillarPostPier |
| Heating: | Central, Electric |
| Heating?: | Yes |
| High School: | GOOSE CREEK MEMORIAL |
| High School District: | 23 - Goose Creek Consolidated |
| Interior Features: | AllBedroomsDown, BreakfastBar, FullBathOnMainLevel, HighCeilings, KitchenIsland, KitchenFamilyRoomCombo, Pantry, VaultedCeilings, CeilingFans, KitchenDiningCombo |
| Internet Automated Valuation Display?: | Yes |
| Internet Consumer Comment?: | Yes |
| Laundry Features: | WasherHookup, ElectricDryerHookup |
| Levels: | One |
| Listing Agreement: | ExclusiveRightToLease |
| Listing Terms: | Cash, Conventional, Other, TexasVet |
| Living Area Source: | Owner |
| Lot Features: | Cleared, CornerLot, Subdivision, SideYard |
| Lot Size Area: | 25,000.0 |
| Lot Size Source: | Appraiser |
| Lot Size Units: | SquareFeet |
| Middle Or Junior School: | HIGHLANDS JUNIOR HIGH SCHOOL |
| Middle Or Junior School District: | 23 - Goose Creek Consolidated |
| MLS Area Major: | 2 |
| MLS Area Minor: | Baytown/Harris County |
| Original List Price: | $550,000 |
| Parcel Number: | 058-261-000-0004 |
| Parking Features: | AdditionalParking, Driveway, None, RvAccessParking |
| Postal City: | Highlands |
| Postal Code Plus4: | 3603 |
| Public Survey Section: | 0 |
| Road Surface Type: | Concrete |
| Roof: | Composition |
| Rooms Total: | 10 |
| Security Features: | SecurityGate, SmokeDetectors |
| Sewer: | PublicSewer |
| Status: | Active |
| State Or Province: | TX |
| Stories: | 1 |
| Street Number Numeric: | 201 |
| Tax Year: | 2025 |
| Universal Property: | US-48201-N-0582610000004-R-N |
| Water Source: | Public |
| Year Built Source: | Appraiser |
| Listing Key: | 1190735206 |
| Current Price: | $550,000.00 |
| Country Subdivision: | 48201 |
| Record Signature: | 1,124,030,790 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:48201:058-261-000-0004 |
Listing Courtesy of: NEXTHOME Premier Homes Realty
Listing Agent: Rita F Zarghami
281-812-9410
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Houston Association of REALTORS® data last updated on October 08, 2026 06:16 PM - ET.
Property Last Updated: October 08, 2026 06:16 PM - ET
