505 State Highway 173, Hondo, TX

$419,900

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3

Beds

2

Baths

1,322

Square feet

0.89

Acres

About 505 State Highway 173

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.

Features of 505 State Highway 173

MLS® # 1932404
Price $419,900
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,322
Acres 0.89
Year Built 1974
Type Residential
Sub-Type Single Family Detached
Style One Story
Status Price Change

Community Information

Address 505 State Highway 173
Area 3000
Subdivision LAZY ACRES
City Hondo
County Medina
State TX
Zip Code 78861

Amenities

Amenities None
Parking One Car Garage, Attached
Is Waterfront No
Has Pool No
Pool None

Interior

Interior One Living Area, 1st Floor Lvl/No Steps
Appliances Washer Connection, Dryer Connection
Heating Central
Cooling One Central
Fireplace No
Fireplaces Not Applicable
# of Stories 1.0
Stories 1

Exterior

Exterior Brick, Siding
Exterior Features Privacy Fence, Mature Trees, Other - See Remarks
Lot Description Corner, 1/2-1 Acre, Mature Trees (ext feat), Level
Roof Composition
Construction Pre-Owned
Foundation Slab, Other

School Information

District Hondo I.S.D.
Elementary Hondo
Middle Hondo
High Hondo

Additional Information

Date Listed January 8th, 2026
Days on Market 245
Foreclosure No
Short Sale No
HOA Fees 0.00

Listing Details

AgentKari Menchaca
OfficeGalm Real Estate, LLC
Contact Info(830) 931-0900
Office Contact(830) 931-0900

Listing Map

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