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505 State Highway 173 Hondo, TX 78861

3 Beds
2 Baths
1,322 Sqft
38,855 Sqft lot
0.89 Acre lot
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$450,000 Est. $1,657 / mo.*
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Status: New
Property Type: Single Family Detached
Year Built: 1974
Neighborhood: Lazy Acres
Days on Website: 3

Courtesy of Galm Real Estate, LLC, Kari Menchaca {attribution_contact}

Description

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.

Open House

Property Details and Features

  • Listing date: 2026-01-08 06:00:00
  • 3 cumulative days on market
  • 3 days on market
  • Currently being leased
  • Price per square foot: $340
  • 3 bedrooms
  • 2 total bathrooms
  • 2 full bathrooms
  • Tub/Shower Combo
  • County: Medina
  • Area: 3000
  • Subdivision: LAZY ACRES
  • Built in 1974
  • Approximate age: 52 years
  • Construction: Pre-Owned
  • Builder: Unk
  • 1,322 square feet
  • 1 story
  • One Story
  • Privacy Fence
  • Mature Trees
  • Other - See Remarks
  • Brick
  • Siding
  • One Living Area
  • 1st Floor Lvl/No Steps
  • None Remain
  • Composition
  • Other
  • Slab
  • Other
  • Not Applicable
  • Lot size: 0.892
  • Corner
  • 1/2-1 Acre
  • Mature Trees (ext feat)
  • Level
  • Street Paved
  • Fire Hydrant w/in 500'
  • State Highway
  • Interstate Hwy - 1 Mile or less
  • None
  • Kitchen length: 12 feet
  • Kitchen width: 13 feet
  • Living room length: 15 feet
  • Living room width: 16 feet
  • Full Bath
  • Master bedroom length: 13 feet
  • Master bedroom width: 12 feet
  • Bedroom 2 length: 10 feet
  • Bedroom 2 width: 10 feet
  • Bedroom 3 length: 11 feet
  • Bedroom 3 width: 11 feet
  • One Car Garage
  • Attached
  • None
  • School district: Hondo I.s.d.
  • Elementary school: Hondo
  • Middle school: Hondo
  • High school: Hondo
  • Propane Owned
  • Central
  • One Central
  • Water System
  • Septic
  • Electric utility supplier: Medina
  • Water utility supplier: City
  • Sewer utility supplier: Private
  • Tax year: 2025
  • Total tax amount: $4,783
  • Washer Connection
  • Dryer Connection
  • Investor Potential
  • As-Is

Location

$450,000 - 505 State Highway 173, Hondo, TX 78861
505 State Highway 173 Hondo, TX 78861
County: Medina

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