337 Colorado Ave, RIO HONDO, Texas image 1
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337 Colorado Ave

RIO HONDO, TX 78583
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$323,000 $1,361/Mo
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Bed --

Bed

Bath 0

Bath

SqFt2,552

Sqft

Acres0.27

Acre(Lot)

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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $323,000

AD Id : 89101989

MLS Id : 29778471

Lot Size : 0.27 Acre

Living Area Size : 2,552

Year Built : 2004

County : CAMERON

Subdivision: Jefferson Park

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Feature Features

  • Flooring Information

    Tile

  • Interior Features

    Appliances: Electric Water Heater

  • Building Information

    Year Built: 2004 Stories: 2 Private Pool: No

  • Lot Information

    Lot Size Acres: 0.2727 Lot Size Square Feet: 11800

    Property Information

    Subdivision: MORNING GLORY Source Property Type: Residential Income Property SubType: Multi Family Property Age: 22

  • Listing Price Information

    Listing Price: $323000

  • Tax Information

    Tax Year: 2025

  • Parking Information

    Parking Total: 8

  • School Information

    Elementary School: RIO HONDO
    Junior High School: RIO HONDO
    Senior High School: RIO HONDO

  • Location Information

    Direction: Property is located off Colorado St (Main St) in Rio Hondo to the right of the Subway. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
106 S Arroyo Boulevard, Rio Hondo, TX, 78583 $280,000 -- -- 552 12,499.98 Sqft

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

ByOwner last updated this listing 09/01/2026 @ 12:06

MLS: 29778471 LISTED BY: JACQUELYN WRIGHT, MARCUS PHIPPS REAL ESTATE, LLC 956-423-5300 SOURCE: Rio Grande Valley Multiple Listing Service

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