337 Colorado Avenue

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New
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$323,000
2,552 sqft$127/sqft
337 Colorado Ave, Rio Hondo, TX 78583
Est: $1,642/moGet pre-approved

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...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!
LISTING UPDATED: 08/04/2026 11:50 AM

  1. Listed by JACQUELYN WRIGHT • TREC #0659323 • MARCUS PHIPPS REAL ESTATE, LLC
    P: (956)-244-6620 jacque@jacquewright.com

Property Details for 337 Colorado Avenue

Status
Active
MLS #
29778471
Days on Market
1
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income / Multi Family
Year Built
2004
Lot Size
0.27 AC / 11,800 SF
County
Cameron County
Subdivision Name
MORNING GLORY

Location

Listing Courtesy of MARCUS PHIPPS REAL ESTATE, LLC
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Building Information for 337 Colorado Avenue

Stories2Residences4Year Built2004Building Size-Lot Size0.27 AC / 11,800 SF

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$1,642 per month

30 year fixed, 6.55% Interest

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Property Information for 337 Colorado Avenue

Summary
Location and General Information
  • Carrier Route: R303
  • Directions: Property is located off Colorado St (Main St) in Rio Hondo to the right of the Subway.
  • Latitude: 26.234416
  • Longitude: -97.572885
  • Senior Community: No
Taxes and HOA
  • Tax Year: 2025
School Information
  • Elementary School: RIO HONDO
  • High School: RIO HONDO
  • Middle Or Junior School: RIO HONDO
Parking
  • Parking Total: 8.0
Property
Lot Information
  • Lot Size Acres: 0.2727
  • Lot Size Square Feet: 11800.0
Property and Assessments
  • Living Area: 2552.0
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2004
Building Features
  • Foundation Details: Slab
  • Stories: 2
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Electric Water Heater
  • Flooring: Tile
Multi Family
Multi Family Information
  • Number Of Units Total: 4

Property History for 337 Colorado Avenue

DateEvent & SourcePriceAppreciation
Aug 4, 2026

Listed (Active)

Rio Grande Valley Multiple Listing Service (Harlingen Board of REALTORS) #29778471

$323,000—
DateEvent & SourcePrice
08/04/2026

Listed (Active)

Rio Grande Valley Multiple Listing Service (Harlingen Board of REALTORS) #29778471

$323,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 337 Colorado Avenue

This home is within Rio Hondo Independent School District.
Rating
School
Type
Grades
Distance
Rio Hondo Elementary School
Public - PK to 4
Rio Hondo Middle School
Public - 5 to 8
Rio Hondo High School
Public - 9 to 12
Cameron Co J J a E P
Public - 10
Rating
School
Distance
Rio Hondo Elementary School
PublicPK to 4

Rio Hondo Middle School
Public5 to 8

Rio Hondo High School
Public9 to 12

Cameron Co J J a E P
Public10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 337 Colorado Avenue, Rio Hondo, TX 78583

337 Colorado Avenue is a multi-family home for sale in Rio Hondo, TX 78583. This property was listed for sale on August 4, 2026 by MARCUS PHIPPS REAL ESTATE, LLC, it's currently listed at $323,000. This listing's school district is Rio Hondo Independent School District. Nearby schools include Rio Hondo Elementary School, Rio Hondo Middle School and Rio Hondo High School. 337 Colorado Avenue is a 0-bed, 0-bath, 2,552 sqft multi-family home built in 2004.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARCUS PHIPPS REAL ESTATE, LLC

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