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For sale
  • $323,000

    337 W Colorado Ave, Rio Hondo, TX 78583

    --beds
    --baths
    2,552sqft
    : 
    $2,376/mo
    Get pre-qualified
    Multi Family
    Built in 2004
    -- sqft lot
    $-- Zestimate®
    $127/sqft
    $-- HOA

    What's special

    Rebuilt stairsReplacement of cracked windowsNew roof
    Turn-key, fully leased multi-family investment opportunity in a prime Rio Hondo location with excellent visibility just off the main road. This exceptionally maintained property features four units consisting of two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, with stable, long-term tenants already in place for immediate income. Recent improvements include a new roof (2025), rebuilt stairs (2024), replacement of cracked windows (2025), and freshly painted trim and stairs (2026). All water heaters have been replaced within the past three years, and all A/C units have been updated within the past eight years, providing added value and peace of mind. Conveniently located with easy access to shopping, dining, schools, and some of the area's best fishing, this well-maintained property is an excellent opportunity to add a quality, income-producing asset to your investment portfolio!
    3 days
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    43
    |
    3
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jacquelyn Wright 956-244-6620,

    MARCUS PHIPPS REAL ESTATE, LLC

    Source: RGVMLS,MLS#: 29778471MLS Logo

      Facts & features

      Interior

      Heating
      • Central, Electric
      Appliances
      • Included: Refrigerator, Electric Water Heater
      Features
      • Flooring: Tile
      • Windows: Double Pane Windows
      Interior area
      • Total structure area: 2,552
      • Total interior livable area: 2,552 sqft

      Property

      Parking
      • Total spaces: 8
      • Parking features: No Garage, Off Street
      • Has garage: Yes
      Features
      • Levels: Two
      • Exterior features: None
      • Fencing: Partial
      Lot
      • Size: 0.27 Acres
      • Features: None
      Details
      • Additional structures: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      • Foundation: Slab
      Condition
      • Year built: 2004

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Morning Glory
      Location
      • Region: Rio Hondo

      Financial & listing details

      • Price per square foot: $127/sqft
      • Date on market: 8/4/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/4/2026Listed for sale$323,000$127/sqft
        Source: RGVMLS #29778471 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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

        Getting around

        43 / 100
        Car-Dependent
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Rio Hondo
        • Middle: Rio Hondo
        • High: Rio Hondo
        • District: Rio Hondo I.S.D.

        Source: RGVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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