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!
For sale
$323,000
337 W Colorado Ave, Rio Hondo, TX 78583
--beds
--baths
2,552sqft
Multi Family
Built in 2004
-- sqft lot
$-- Zestimate®
$127/sqft
$-- HOA
What's special
Rebuilt stairsReplacement of cracked windowsNew roof
- 49 days
- 87
- 8
Zillow last checked:
Listing updated:
Listed by:
Jacquelyn Wright 956-244-6620,
MARCUS PHIPPS REAL ESTATE, LLC
Source: RGVMLS,MLS#: 29778471
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
Video & virtual tour
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
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $323,000$127/sqft |
Source: | ||
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.Climate risks
Neighborhood: 78583
Nearby schools
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.





