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$305,000
1207 E Rio Grande Ave, El Paso, TX, 79902
3,186 Sq Ft
House Plus Unit(s)
$95.73 / sqft
Built in 1901Property Lead Type:
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About this property
DO NOT DISTURB TENANTS PLEASE. Charming 1900s home, converted into fully rented apartments prior to 1977, generating $3,100 a month in rental income. Convenient off-street parking is available through the back alley, providing easy access for tenants. A storage building and shed are included in the sale, adding additional value and convenience. This property is an excellent investment opportunity, blending historic charm with consistent rental income. There is some TLC needed and we have inspection reports available for review. Don't miss out on this rare opportunity! Ask your agent for the 3D tours
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Learn About the Market: Opportunity in El Paso
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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
0.6%
Net Migration
Stable
Median Home Price
$184,500
Unemployment Rate
4.0%
Price Trend
+1.6% YoY
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City: El Paso
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