Income-producing property featuring five rentable sites situated on approximately 0.89 acres with prime frontage along State Highway 173. The property includes a 3-bedroom, 2-bath site-built home (approx. 1,322 SF), a 3-bedroom, 2-bath mobile home (approx. 1,456 SF), and three additional RV/lot rental sites. Currently, all of the five sites are leased, generating immediate cash flow. Three separate electric meters are in place. Each site has sewer clean-out access and water hookups. Two water meters serve the property. Corner location provides excellent access from Highway 173 plus a secondary road. Conveniently located with quick access to Highway 90, shopping, and nearby growth corridors. Ideal for investors seeking diversified rental income with strong visibility and long-term upside. Buyer to verify income, leases, utilities, and measurements.
For sale
Price cut: $15K (3/4)
$435,000
505 State Highway 173, Hondo, TX 78861
3beds
1,322sqft
Est.:
Single Family Residence
Built in 1974
0.89 Acres Lot
$426,200 Zestimate®
$329/sqft
$-- HOA
What's special
Corner location
- 60 days |
- 125 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 04, 2026 at 07:16am
Listed by:
Kari Menchaca TREC #651976 (830) 931-0900,
Galm Real Estate, LLC
Source: LERA MLS,MLS#: 1932404
Tour with a local agent
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: $329/sqft
- Tax assessed value: $182,170
- Annual tax amount: $4,783
- Price range: $435K - $435K
- Date on market: 1/8/2026
- Cumulative days on market: 61 days
- Listing terms: Conventional,Cash,Investors OK
- Road surface type: Paved
Estimated market value
$426,200
$405,000 - $448,000
$1,709/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Price change | $435,000-3.3%$329/sqft |
Source:  LERA MLS #1932404 Report a problem | ||
| 1/8/2026 | Listed for sale | $450,000$340/sqft |
Source: LERA MLS #1932404 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
BuyAbility℠ payment
Est. payment
$2,533/mo
Principal & interest
$2058
Property taxes
$475
Climate risks
Neighborhood: 78861
Nearby schools
GreatSchools rating
- NAMeyer Elementary SchoolGrades: PK-2Distance: 2.2 mi
- 5/10McDowell Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10Hondo High SchoolGrades: 9-12Distance: 1.8 mi
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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