Interchanging Item Texture

I kind of want to do what armor trims do but for items, where I can have multiple different "types" and modify the texture if an item depending on that type without having to make a separate texture file for every single combination. like a sword with an exchangeable hilt color/shape depending on a material, and it could go on any sword. is this even possible? Ive seen things kinda like this with horse and tropical fish but idk if its possible for items.