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    311 S 3Rd St Highlands, TX 77562

    For Sale
    $280,000

    Multifamily property featuring two separate dwellings on one lot.

    Lot size:
    0.23 Acres

    Property Features for 311 S 3Rd St

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    2015

    Source: Nextgen Real Estate Properties Agent Gabriela Cardona

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Income Potential

    This multifamily property features two separate dwellings on one lot, each offering privacy and functionality. The first unit is a vacant 2-bedroom, 1-bath home with a bonus storage room in the back and is move-in ready. The second unit is a 3-bedroom, 1-bath home, currently tenant-occupied and generating immediate rental income. Each unit is individually fenced, providing private outdoor space. The property has no HOA and a low property tax rate. Located 30 minutes from Downtown Houston with quick access to I-10 East, this property is suitable for investors or owner-occupants looking to live in one unit while renting out the other. It delivers flexibility and value and is ideal for expanding a rental portfolio or house hacking with rental income.
    Location Intelligence

    Current Use by Public Records

    Jimbo's mobile auto ... Mechanic #1Jimbo's mobile auto ... Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highlands
    County
    Harris
    State
    Texas
    Longitude
    -95.059654
    Latitude
    29.81261

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    FAQs

    What type of property is this?
    Duplex - Multifamily property featuring two separate dwellings on one lot.
    Where is this duplex located?
    The property is located at 311 S 3Rd St Highlands, TX.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: - Two separate dwellings on one lot offer versatile living options and strong income potential.; - Vacant 2-bedroom, 1-bath unit is move-in ready with bonus storage.; - Tenant-occupied 3-bedroom, 1-bath unit generates immediate rental income.
    (281) 745-6264
    Request Owner's contact information
    311 S 3Rd St Highlands, TX 77562
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    Highlands, TX 77562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 S 3Rd St Highlands, TX 77562
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