Street View

1view

Owner Contacts

$306,677

3308 Tularosa Ave, El Paso, TX, 79903

Off Market

Commercial

2 Beds

1 Bath

1,032 Sq Ft

Multi Family

Built in 1910

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Heating Forced Air Unit

Cooling

AppliancesRefrigerator, Gas Water Heater, Free-Standing Gas Oven, Free-Standing Electric Oven

Exterior

Lot Size5,880 sqft

Building Information

Year Built1910

Roof Type105

Land Information

APNE014-999-0850-7600

SubdivisionA East El Paso

Land UseResidential

Legal Description85 EAST EL PASO 28 & W 8 FT OF 27 & E 9 FT OF 29 (5880 SQ FT)

Census Tract002600

Assessed Land Value$26,077

Assessed Improvement Value$280,600

Assessment Year2025

About this property

LOCATION, LOCATION LOCATION! Great investment opportunity in central El Paso. Welcome to your next smart investment! This three-unit multifamily property offers excellent cash flow potential in a prime location. Whether you're a seasoned investor or just starting your real estate journey, this property is a must-see! Property Highlights: The main home offers 1,030 sq ft of upgraded living space, featuring an open floor plan, two cozy bedrooms, and a renovated bathroom. Adjacent to the main home is a studio (approx. 300 sq ft) with a bedroom, bathroom, and kitchen. Additionally, there is a spacious secondary unit (approx. 620 sq ft) with two bedrooms, 1 bathroom, and kitchen. Located just minutes from the vibrant 5 Points district, this property offers strong rental potential with easy access to shopping, dining, and public transportation.

Investor Tools

$306,677

Estimated Property Value

$203,200Estimated Mortgage Balance

$105,547Estimated Equity

34% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,840 /month

Positive

Cash Flow Estimate:

$613 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$735/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,285

$306,677

2025

$26,077

$280,600

$306,677

Tax History

Year

Tax Paid

Assessed Value

2024

$7,285

$306,677

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Change Lending Llc

Conventional

$203,200

First

Oct 28, 2025

Nov 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$201,130

$105,547

34%

66%

$1,219/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$977/mo

$1,219/mo

$-242/mo

3.8%

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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