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$315,000

2422 MONTANA, El Paso, TX, 79903

$373,234 ARVInfo
On MarketInfo
Just AddedInfo
Baths0 Bath
Baths3,160 Sq Ft
TriplexTriplex
price_per_sqft$99.68 / sqft
Year BuiltBuilt in 1915

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesSee Remarks

Exterior

Lot Size5,160 sqft

Building Information

Year Built1915
Roof Type158

Land Information

APNB202-999-0890-1100
SubdivisionA Bassett
Land UseCommercial
Legal Description89 BASSETT W 23 FT OF 4 & E 20 FT OF 5 (5160 SQ FT)
Census Tract002300
Assessed Land Value$36,120
Assessed Improvement Value$181,970
Assessment Year2025

About this property

Exceptional mixed-use opportunity with over 3,170 square feet spread across four levels in an SD-zoned building offering tremendous income and business potential. The property features three separately metered electrical units, providing flexibility for owner-users, investors, or multiple tenants. The basement level includes a bathroom and a professionally designed recording studio. The main level is perfectly suited for commercial use, featuring two bathrooms, excellent street visibility, five dedicated front parking spaces, and a lighted marquee sign. Previously utilized as both a tattoo parlor and an insurance office, the space offers endless possibilities for retail, office, service, or creative businesses. The upper residential unit enjoys its own private entrance and abundant rear parking. This spacious living area includes three bedrooms, two bathrooms, a living room, and a full kitchen, making it ideal for owner occupancy or rental income.

Investor Tools

$98,147Estimated Mortgage Balance
$119,943Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$373,234
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Allison Dillard

Keller Williams Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$563/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,661
$218,090
2025
$36,120
$181,970
$218,090
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,661
$218,090

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Denken Investments
Commercial
$184,000
No
First
Jan 25, 2008
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,147
$119,943
54%
45%
$1,104/mo

Learn About the Market: Opportunity in El Paso

Local Market Pages
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Explore

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.

Explore Texas Explore This Area
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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