Leigha Wagner

505 State Highway 173

Hondo, TX
$ 419,900 Beds 3 Baths 2 Sq 1,322
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 419,900
  • City
  • Hondo
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MEDINA
  • Half Bathrooms
  • 0
  • Area
  • 3000
  • Lot Size
  • 0.892 Acres
  • Zip
  • 78861
  • Sqr Footage
  • 1,322
  • Year Built
  • 1974
  • Taxes
  • $ 4783
  • Style
  • One Story
  • MLS#
  • 1932404
Listed By: Kari Menchaca with Galm Real Estate, LLC; (830) 931-0900
Data Source: LERA MLS

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the San Antonio, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Hondo Elementary School
Middle School Hondo Middle School
High School Hondo High School

Price History

1/8/2026 Listed $450,000
3/4/2026 4% - $435,000
8/31/2026 4% - $419,900

Property vs Zip Code Average in 78861

Price
AVG $450K
$420K
Taxes
AVG $4,741
$4,783
Year Built
AVG 1988
1974
Visits
AVG 62
159
Data Provided by Inside Real Estate®

Areas That We Cover

505 State Highway 173 Hondo, TX is a Single Family Home for sale at $419900 with 1322 sqft and a lot size of 0.892 Acres Acre(s). 505 State Highway 173 Hondo has 3 bedrooms, 2 baths and was built in 1974. The property's zip code is 78861 which is in Hondo, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Leigha Wagner

Leigha Wagner

Realtor®

726-227-4154

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