Price Reduction
Address
505 State Highway 173, Hondo, TX
Price
$ 419,900
Property Attributes
- MLS#1932404
- TypeSingle Family
- Listing Status Active
- CountyMEDINA
- CityHondo
- Area3000
- NeighborhoodLazy Acres
- Zip78861
- StyleOne Story
- Year Built1974
- Taxes$ 4783
- Price$ 419,900
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1322
- Lot Size0.892 Acres
Data Source:
LERA MLS
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Hondo Elementary School | Hondo Middle School | Hondo High School |
| Price History | |
|---|---|
| 1/8/2026 | Listed $450,000 |
| 3/4/2026 | 4$435,000 |
| 8/31/2026 | 4$419,900 |
General Features
| Living Area | 1322 |
|---|---|
| Construction | Pre-Owned |
| Heating | Central |
| Cooling | One Central |
| Bathrooms | 2 |
| Subdivision | LAZY ACRES |
| Builder | Unk |
| Class | Single Residential |
| Type | Single Family Detached |
| Style | One Story |
| Roof | Composition |
| HOA Mandatory | None |
| Miscellaneous | Investor Potential,As-Is |
| Status | Active |
| Attached Garage | Yes |
| Neighborhood Amenities | None |
| Area | 3000 |
| Year Built | 1974 |
| High School | Hondo |
| School District | Hondo I.S.D. |
| Proposed Terms | Conventional,Cash,Investors OK |
| Elementary School | Hondo |
| Middle School | Hondo |
| Legal Description | Lazy Acres Lot 8 & 9; Label# Tex0510750 |
| Taxes | 4783 |
Interior Features
| Kitchen Length | 12 |
|---|---|
| Kitchen Width | 13 |
| Total Bedrooms | 3 |
| Full Baths | 2 |
| Interior Features | One Living Area,1st Floor Lvl/No Steps |
| Stories | 1 |
| Flooring | Other |
| Living Room Width | 16 |
| Heating Fuel | Propane Owned |
| Bedroom2 Width | 10 |
| Bedroom3 Length | 11 |
| Bedroom3 Width | 11 |
| Living Room Length | 15 |
| WINDOW COVERINGS | None Remain |
Exterior Features
| Exterior | Brick,Siding |
|---|---|
| Foundation | Slab,Other |
| Pool (Y/N) | No |
| Exterior Features | Privacy Fence,Mature Trees,Other - See Remarks |
| Pool | None |
| Lot Size | 0.892 |
| Water/Sewer | Water System,Septic |
| Lot Description | Corner,1/2-1 Acre,Mature Trees (ext feat),Level |
| Inclusions | Washer Connection,Dryer Connection |
| Lot Improvements | Street Paved,Fire Hydrant w/in 500',State Highway,Interstate Hwy - 1 Mile or less |
| Garage Parking | One Car Garage,Attached |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 78861
Price
Taxes
Year Built
Visits
Information provided courtesy of LERA MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed. Provided courtesy of LERA MLS. Copyright 2026 LERA MLS, All Rights Reserved. Data last updated September 12, 2026 5:45 AM UTC
