Great opportunity to own a waterfront, grand-fathered, income-producing property in Rio Hondo. This unique setup includes a mix of cabins, mobile homes, RV rentals, and pad sites, creating multiple streams of income within one property. It’s already cash flowing with tenants in place, while still offering room to grow. City is not granting RV permits for this location anymore. The property sits in a quiet, laid-back area near the water, that can be upgraded seeking long-term renters as well as seasonal tenants or Airbnb looking for a more relaxed environment. With limited rental options in Rio Hondo, demand has remained steady. There is clear upside for the next owner—whether through increasing rents, leasing out additional spaces, adding more units, or updating existing ones to maximize returns. If you’re looking for something a little different from the typical multifamily property, this offers income today with the flexibility to expand and improve over time.
For sale
$295,000
106 S Arroyo Blvd, Rio Hondo, TX 78583
--beds
--baths
552sqft
Multi Family
Built in 1990
-- sqft lot
$-- Zestimate®
$534/sqft
$-- HOA
What's special
- 74 days |
- 131 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Erasmo Arjona 956-522-9632,
Re/Max Elite
Source: Greater McAllen AOR,MLS#: 501668
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Facts & features
Interior
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Included: Water Heater (Other), Other
- Laundry: None
Features
- Other
- Flooring: Other
Interior area
- Total structure area: 552
- Total interior livable area: 552 sqft
Property
Parking
- Parking features: Other Garage or Carport
Features
- Exterior features: Mature Trees, Other
- Fencing: Chain Link,Other,Wood
- On waterfront: Yes
- Waterfront features: Waterfront
- Frontage type: Waterfront
Lot
- Size: 0.29 Acres
- Features: Mature Trees
Details
- Additional structures: Outbuilding (None)
- Parcel number: 5500005100001000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other
- Foundation: Combination, Other, Pillar/Post/Pier, Slab
- Roof: Other
Condition
- Year built: 1990
Utilities & green energy
- Sewer: Public Sewer, Other
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: None
- Subdivision: Rio Hondo Original Townsite
HOA
- Has HOA: No
Location
- Region: Rio Hondo
Financial & listing details
- Price per square foot: $534/sqft
- Tax assessed value: $138,588
- Annual tax amount: $1,582
- Date on market: 4/13/2026
- Road surface type: Caliche, Dirt, Gravel, Other, Paved
Estimated market value
Not available
Estimated sales range
Not available
$794/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/13/2026 | Listed for sale | $295,000+47.5%$534/sqft |
Source: Greater McAllen AOR #501668 Report a problem | ||
| 3/15/2023 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 1/7/2023 | Listed for sale | $200,000$362/sqft |
Source:  RGVMLS #29738678 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,582 +19.6% | $57,000 +20% |
| 2024 | $1,324 +20.3% | $47,500 +20.1% |
| 2023 | $1,101 +47.4% | $39,537 +58.1% |
| 2022 | $747 | $25,000 |
| 2021 | -- | $25,000 |
| 2020 | -- | $25,000 |
| 2019 | $738 +84.5% | $25,000 -6% |
| 2018 | $400 -49% | $26,609 |
| 2017 | $784 +93.9% | $26,609 +93.7% |
| 2016 | $404 +4.2% | $13,738 |
| 2015 | $388 | $13,738 |
| 2014 | $388 | $13,738 |
| 2013 | -- | $13,738 |
| 2012 | -- | $13,738 |
| 2011 | -- | $13,738 |
| 2010 | -- | $13,738 |
| 2009 | -- | $13,738 |
| 2008 | -- | $13,738 |
| 2007 | -- | $13,738 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 78583
Nearby schools
GreatSchools rating
- 3/10Rio Hondo Elementary SchoolGrades: PK-4Distance: 0.5 mi
- 3/10Rio Hondo Middle SchoolGrades: 5-8Distance: 1.2 mi
- 4/10Rio Hondo High SchoolGrades: 9-12Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Rio Hondo
- Middle: Rio Hondo Junior High
- High: Rio Hondo H.S.
- District: Rio Hondo ISD
Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Cameron County
- Rio Hondo
- 78583
- 106 S Arroyo Blvd
Nearby cities
Nearby zip codes
Other Rio Hondo Topics
