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2,552 sqft

$323,000

337 Colorado Ave., Rio Hondo TX, 78583

Price per sqft$126.57
Built in2004
Property size2,552 sqft
Property typeMulti-family

Overview

Active

Listed Aug 4, 2026

Updated 2 weeks ago

Turn-key, fully leased multi-family investment opportunity in a prime Rio Hondo location with excellent visibility just off the main road. This exceptionally maintained property features four units consisting of two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, with stable, long-term tenants already in place for immediate income. Recent improvements include a new roof (2025), rebuilt stairs (2024), replacement of cracked windows (2025), and freshly painted trim and stairs (2026). All water heaters have been replaced within the past three years, and all A/C units have been updated within the past eight years, providing added value and peace of mind. Conveniently located with easy access to shopping, dining, schools, and some of the area's best fishing, this well-maintained property is an excellent opportunity to add a quality, income-producing asset to your investment portfolio!

$2,149/mo

Est. mortgage payment based on a $323,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
29778471

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.27 Acres

Other Property Details

Garage
Yes
MLS provider logo

Listed by Jacquelyn Wright with MARCUS PHIPPS REAL ESTATE, LLC
Listing Contact: 956-244-6620 

The IDX display contains information sourced from the Rio Grande Valley Multiple Listing Service, Inc. as of 10/16/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Rio Grande Valley Multiple Listing Service, Inc. all rights reserved.

Data last updated on 10/16/2026 at 4:14 AM UTC

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