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$230,000

1101 E Rio Grande Ave, El Paso, TX, 79902

$299,000 ARVInfo
Off MarketInfo
CommercialInfo
Baths3,648 Sq Ft
Year BuiltBuilt in 1950

Highlights

Interior

Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size6,000 sqft

Building Information

Year Built1950
Roof Type105

Land Information

APNP795-999-2790-7100
Subdivision277 Pierce Finley
Land UseCommercial
Legal Description279 PIERCE FINLEY 25 & 26 (6000 SQ FT)
Census Tract002202
Assessed Land Value$15,000
Assessed Improvement Value$215,000
Assessment Year2025

About this property

Multi-family property located at the corner of Rio Grande Ave and Octavio St. Fantastic investment opportunity which consists of 9 well-maintained units, all zoned for apartments, making it an ideal option for residential rental income or office space. With its prime location, residents enjoy easy access to local shops, schools, while also being just a short drive from downtown El Paso and major transportation routes. The building is situated in a high-demand rental area, offering both convenience and potential for long-term growth. Each unit is unique featuring functional layouts that can cater to a variety of tenants. With 9 units available, this property is perfect for an investor looking to expand their portfolio or an owner-occupant interested in managing a small apartment community. New water heaters have been installed. Don't miss this great opportunity to own a property in an up-and-coming area of El Paso. Owner FINANCE is available.

Investor Tools

Property Icon
$230,000
Estimated Property Value
$151,200Estimated Mortgage Balance
$99,304Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$299,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$562/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,599
$230,000
2025
$15,000
$215,000
$230,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,599
$230,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Unknown
$151,200
No
First
Jul 1, 2019
Jul 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,696
$99,304
43%
57%
$907/mo

Learn About the Market: Opportunity in El Paso

Local Market Pages

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El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

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Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

Dynamic Permit Feed

City: El Paso

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1101 E Rio Grande Ave | Property Details | No Agent List