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For sale
    • $419,900

    505 State Highway 173, Hondo, TX 78861

    3beds
    1,322sqft
    : 
    $3,046/mo
    Get pre-qualified
    Single Family Residence
    Built in 1974
    0.89 Acres Lot
    $411,900 Zestimate®
    $318/sqft
    $-- HOA

    What's special

    Highly visible corner
    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.
    245 days
    55
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Kari Menchaca TREC #651976 (830) 931-0900,

    Galm Real Estate, LLC

    Source: LERA MLS,MLS#: 1932404MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Features: Full Bath
      • Area: 156
      • Dimensions: 13 x 12
      Bedroom 2
      • Area: 100
      • Dimensions: 10 x 10
      Bedroom 3
      • Area: 121
      • Dimensions: 11 x 11
      Primary bathroom
      • Features: Tub/Shower Combo
      • Area: 56
      • Dimensions: 7 x 8
      Kitchen
      • Area: 156
      • Dimensions: 12 x 13
      Living room
      • Area: 240
      • Dimensions: 15 x 16
      Heating
      • Central, Propane Owned
      Cooling
      • Central Air
      Appliances
      • Laundry: Washer Hookup, Dryer Connection
      Features
      • One Living Area, 1st Floor Lvl/No Steps
      • Flooring: Other
      • Has basement: No
      • Has fireplace: No
      • Fireplace features: Not Applicable
      Interior area
      • Total interior livable area: 1,322 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: One Car Garage, Attached, Two Car Carport, Open
      • Attached garage spaces: 1
      • Carport spaces: 2
      • Covered spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Other
      • Pool features: None
      • Fencing: Privacy
      Lot
      • Size: 0.89 Acres
      • Features: Corner Lot, 1/2-1 Acre, Level, Fire Hydrant w/in 500'
      • Residential vegetation: Mature Trees, Mature Trees (ext feat)
      Details
      • Parcel number: R68782

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Brick, Siding
      • Foundation: Slab, Other
      • Roof: Composition
      Condition
      • As-Is,Pre-Owned
      • New construction: No
      • Year built: 1974

      Utilities & green energy

      • Electric: Medina
      • Sewer: Private, Septic
      • Water: City, Water System

      Community & HOA

      Community
      • Features: None
      • Subdivision: Lazy Acres
      Location
      • Region: Hondo

      Financial & listing details

      • Price per square foot: $318/sqft
      • Tax assessed value: $180,450
      • Annual tax amount: $4,783
      • Price range: $419.9K - $419.9K
      • Date on market: 1/8/2026
      • Cumulative days on market: 245 days
      • Listing terms: Conventional,Cash,Investors OK
      • Road surface type: Paved

        Estimated market value

        $411,900

        $391,000 - $432,000

        $1,532/mo

        Price history

        DateEventPrice
        8/31/2026Price change$419,900-3.5%$318/sqft
        Source: LERA MLS #1932404 Report a problem
        3/4/2026Price change$435,000-3.3%$329/sqft
        Source: LERA MLS #1932404 Report a problem
        1/8/2026Listed for sale$450,000$340/sqft
        Source: LERA MLS #1932404 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,936 -1.7%$180,450 -0.9%
        2024$2,987 +1.6%$182,170 -0.2%
        2023$2,941 +2.3%$182,570 +18.3%
        2022$2,875 +41.5%$154,280 +42.9%
        2021$2,032 +7.8%$107,940 +13.4%
        2020$1,885 -3.4%$95,190 +2.1%
        2019$1,951 +0.1%$93,260 +1.7%
        2018$1,948 +0.1%$91,710
        2017$1,947 +32.7%$91,710 +33.3%
        2016$1,467 +13.2%$68,790 -0.7%
        2015$1,295 $69,270
        2014$1,295 $69,270
        2012-- $69,270
        2011-- $69,270
        2010-- $69,270 +0.7%
        2009-- $68,790
        2008-- $68,790 +3.8%
        2007-- $66,260
        Find assessor info on the county website

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 78861

        Getting around

        1 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

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

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

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