About This Home

This 0-bedroom, 0-bathroom residential multi family at 337 COLORADO AVE. in Rio Hondo, TX is listed for $323,000 ($127 per sqft). Built in 2004, the home offers 2,552 sqft of living space on a 0.27 acres lot.

Key Features

  • Built in 2004
  • 0.27 acre lot
  • 2 stories

Property Details

2 stories
2004

Amenities

A/C
Listing Description

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!

Monthly Cost Estimate

$1,727/mo

20% down · 6.5% · 30 years

Principal$234
Interest$1,400
Insurance$94

Estimates only. Actual payments may vary.

Location

337 COLORADO AVE.

Rio Hondo, TX 78583

MORNING GLORY

Features & Amenities

Interior Features

Smoke Alarm(s)

Property Details

Flooring

Tile

Parking

None

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

RangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 337 COLORADO AVE. is listed at $323,000 ($127/sqft). The estimated monthly payment is $1,727 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2004, 0.27 acre lot, 2 stories. Interior Features: Smoke Alarm(s).

This property is listed by JACQUELYN WRIGHT.

JW

JACQUELYN WRIGHT

Agent at Harlingen Homes

Listed by Harlingen Homes · Broker phone: (956) 423-5300 · View on Broker Site · Broker website

MLS# 29778471· Source: Rio Grande Valley Multiple Listing Service Inc.· 84 days on PropertySimple

Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

337 COLORADO AVE., Rio Hondo, TX 78583

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