505 State Highway 173 Hondo, TX $ 435,000
505 State Highway 173
$ 435,000
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505 State Highway 173

Hondo, TX, 78861
$ 435,000
Bedrooms3 Baths2.0 Sq 1,322

Monthly Estimate*

$ 2,747

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Single Family Home for sale in Hondo, TX

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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Single Family Active

Price

$ 435,000

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 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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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

$3,145
Per Month
87%
13%
0%
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.
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Nearby
745926 Elementary School
745696 Middle School
Hondo High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$435,000 -3.33% Price Down
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 $435,000 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