505 State Highway 173
Hondo, TX, 78861 $ 435,000
Bedrooms3 Baths2.0 Sq 1,322 Monthly Estimate*
$ 2,747
for $435,000 with 3 bedrooms and 2 full baths. This 1,322 square foot home was built in 1974 on a lot size of 0.892.
Rare opportunity to acquire a fully leased, income-producing investment property featuring five separate rental sites on approximately 0.89 acres with outstanding frontage along State Highway 173 in Hondo, Texas. Fully rented and immediate cash flow from day one, this property offers the diversified income stream investors are looking for. The property includes a 1,322 square foot, 3-bedroom, 2-bath site-built home, a 1,456 square foot, 3-bedroom, 2-bath manufactured home, and three additional leased RV/lot rental sites, creating multiple sources of rental income on one property. Infrastructure is already in place with three electric meters, two water meters, sewer clean-outs, and water hookups serving the individual rental sites. Positioned on a highly visible corner with frontage on State Highway 173 and secondary road access, the property provides excellent accessibility while remaining just minutes from Highway 90, shopping, schools, restaurants, and the continued growth of the Hondo area. Whether you're expanding your investment portfolio, completing a 1031 exchange, or seeking a property with immediate cash flow and future appreciation potential, this is an opportunity that is difficult to replicate.
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FeaturesGeneralLiving 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 Active
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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ExteriorExterior 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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InteriorTotal 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 FeaturesList ByKari MenchacaListing Agent
Galm Real Estate, LlcBroker
kari@galmrealestate.net;kari@galmrealestate.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,747
- Monthly Property Taxes
- $399
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Hondo, TX
Average List Price $458,211
Percent of Sale Price 5%
About Hondo, TX 9,338 Population
21% Since 2002
$ 52,749 Median Income
31.87 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
745926 Elementary School
745696 Middle School
Hondo High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/4/2026 | $435,000 | -3.33% | Price Down |
| 1/8/2026 | $450,000 | | Listed Price |