About This Home

This 0-bedroom, 0-bathroom residential multi family at 106 S Arroyo Boulevard in Rio Hondo, TX is listed for $280,000 ($507 per sqft). Built in 1990, the home offers 552 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1990
  • 0.29 acre lot
  • Waterfront

Property Details

1 story
1990

Amenities

WaterfrontA/C
Listing Description

Great opportunity to own a waterfront, grand-fathered, income-producing property in Rio Hondo. This unique setup includes a mix of cabins, mobile homes, RV rentals, and pad sites, creating multiple streams of income within one property. It's already cash flowing with tenants in place, while still offering room to grow.

City is not granting RV permits for this location anymore. The property sits in a quiet, laid-back area near the water, that can be upgraded seeking long-term renters as well as seasonal tenants or Airbnb looking for a more relaxed environment. With limited rental options in Rio Hondo, demand has remained steady.

There is clear upside for the next owner-whether through increasing rents, leasing out additional spaces, adding more units, or updating existing ones to maximize returns. If you're looking for something a little different from the typical multifamily property, this offers income today with the flexibility to expand and improve over time.

Monthly Cost Estimate

$1,497/mo

20% down · 6.5% · 30 years

Principal$202
Interest$1,213
Insurance$82

Estimates only. Actual payments may vary.

Location

106 S Arroyo Boulevard

Rio Hondo, TX 78583

Rio Hondo Original Townsite

Features & Amenities

Exterior Features

Mature Trees

Property Details

Parking

Other

Cooling

Wall Unit(s)Window Unit(s)

Appliances

Water Heater (Other)

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 106 S Arroyo Boulevard is listed at $280,000 ($507/sqft). The estimated monthly payment is $1,498 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1990, 0.29 acre lot, Waterfront. Exterior Features: Mature Trees.

This property is listed by Erasmo Arjona.

EA

Erasmo Arjona

Agent at RE/MAX elite

Listed by RE/MAX elite · Broker phone: (956) 330-3674 · View on Broker Site · Broker website

MLS# 501668· Source: Greater McAllen Association of Realtors· 9 days on PropertySimple

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

106 S Arroyo Boulevard, Rio Hondo, TX 78583

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