505 State Highway 173 Hondo, TX $ 450,000
505 State Highway 173
$ 450,000
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505 State Highway 173

Hondo, TX, 78861
$ 450,000
Bedrooms3 Baths2.0 Sq 1,322

Monthly Estimate*

$ 2,771

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Single Family Home for sale in Hondo, TX

for $450,000 with 3 bedrooms and 2 full baths. This 1,322 square foot home was built in 1974 on a lot size of 0.892.

Income-Producing Property! Excellent investment opportunity featuring five income-producing sites situated on a .89 +- acre tract. Currently, four of the five units are rented, providing immediate cash flow with additional income potential. Improvements include a 3-bedroom, 2-bath site-built home 1,322 sq ft with carport, three RV lots, and a 1,456 sq ft, 3-bedroom, 2-bath mobile home that is currently available for rent. Seller is actively working to lease the vacant unit. Corner lot with excellent access, featuring direct frontage and access off Highway 173, plus secondary access from a side road. 3 Electric Meters on Site. Each site has sewer clean-out and water hookup. The property is serviced by two water meters for the lots. Current monthly income: $2,480. Projected monthly income: $3,680 once fully occupied. Conveniently located off Highway 173 North, with quick access to Highway 90, grocery stores, and nearby growth corridors.

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Single Family Active

Price

$ 450,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 4,783

Style

One Story

Lot Size

0.892

Year Built

1974

Town/City

Hondo

County/Region

Medina

MLS | Web ID

1932404

Features
General
Living Area 1322
Construction Pre-Owned
Heating Central
Cooling One Central
Half Baths 0
Bathrooms 2
Subdivision LAZY ACRES
Builder Unk
Class Single Residential
Type Single Family Detached
Style One Story
Roof Composition
Miscellaneous Investor Potential As-Is
Status New
Attached Garage Y
Neighborhood Amenities None
Area 3000
Year Built 1974
High School Hondo
School District Hondo I.S.D.
Proposed Terms Conventional Cash Investors OK
Elementary School Hondo
Middle School Hondo
Legal Description Lazy Acres Lot 8 & 9; Label# Tex0510750
Taxes 4783
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Exterior
Exterior Brick Siding
Foundation Slab Other
Pool (Y/N) N
Exterior Features Privacy Fence Mature Trees Other - See Remarks
Pool None
Lot Size 0.892
Water/Sewer Water System Septic
Lot Description Corner 1/2-1 Acre Mature Trees (ext feat) Level
Inclusions Washer Connection Dryer Connection
Lot Improvements Street Paved Fire Hydrant w/in 500' State Highway Interstate Hwy - 1 Mile or less
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Interior
Total Bedrooms 3
Full Baths 2
Interior Features One Living Area 1st Floor Lvl/No Steps
Stories 1
Flooring Other
Living Room Width 16
Heating Fuel Propane Owned
# of Fireplaces 0
Living Room Length 15
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* Excluded Features
List By
Kari Menchaca

Listing Agent

Galm Real Estate, Llc

Broker

kari@galmrealestate.net;kari@galmrealestate.net

Email

Affordability Calculator

$3,169
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$399
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
745926 Elementary School
745696 Middle School
Hondo High School High School
Pricing History
DatePricePrice ChangeDescription
1/8/2026$450,000 Listed Price

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505 State Highway 173, Hondo, TX, 78861 is a Single Family Home for sale at $450,000 with 1,322 sqft and a lot size of 0.892. 505 State Highway 173 has 3 bedrooms, 2.0 baths, and was built in 1974. The property's zip code is 78861 which is in Hondo, TX