1view

Owner Contacts

$218,000

NAL Estimated Property Value

1401 E Nevada Avenue, El Paso, TX, 79902

Off Market

3 Beds

2 Bath

1,848 Sq Ft

$124.46 / sqft

Built in 1926

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Space/Suspended

Cooling

AppliancesGas Water Heater, Microwave, Refrigerator

FlooringTile, Laminate, Hardwood

Exterior

Exterior FeaturesBack Yard Access

Lot Size4,500 sqft

Building Information

Year Built1926

Roof Type105

Garage Spaces1

Land Information

APNF607-999-0980-3600

SubdivisionF Franklin Heights

Land UseResidential

Legal Description98 FRANKLIN HEIGHTS 9 & W 1/2 OF 10 (4500 SQ FT)

Census Tract002201

Assessed Land Value$20,828

Assessed Improvement Value$181,349

Assessment Year2025

About this property

1401 E Nevada in the historic Franklin Heights subdivision offers old world charm with modern convenience. This corner-lot property is centrally located near UTEP, hospitals, Ft. Bliss, schools, and quick I-10 access. The main home features 3 bedrooms, while the downstairs 1-bedroom apartment provides excellent rental or multigenerational living potential. A detached one-car garage and well-sized backyard add practicality and outdoor enjoyment. The large front porch invites you to relax and take in the neighborhood's character. Whether you're seeking an investment opportunity or a place to call home, this property delivers versatile living and timeless appeal.

Investor Tools

$218,000

Estimated Property Value

$61,516Estimated Mortgage Balance

$156,484Estimated Equity

71% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,380 /month

Positive

Cash Flow Estimate:

$460 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$528/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,248

$202,177

2025

$20,828

$181,349

$202,177

Tax History

Year

Tax Paid

Assessed Value

2024

$5,248

$202,177

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Financial Texas Inc

Unknown

$129,578

First

Jun 21, 2006

Jun 2036

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$61,516

$156,484

71%

28%

$777/mo

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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