$255,000
●
House -
Off Market
217 BELVA Way
El Paso, TX 79922
3 Beds
1 Bath
$1,716
Est. Monthly
6.47%
Cap Rate
About This Property
Welcome to 217 Belva Way. This tastefully remodeled residence
spanning 1472 square feet, and boasting 3 bedrooms and 3 bathrooms,
is a perfect blend of comfort and style. Situated in a
sought-after location, this home offers the convenience of nearby
amenities, schools, and parks. Enjoy the benefits of a tranquil
neighborhood while being just moments away from urban conveniences.
Every detail of this property has been carefully considered, making
it move-in ready for its lucky new owners. The heart of this
home is its beautifully updated kitchen. Featuring modern
appliances, sleek countertops, and ample storage space, it's a
chef's delight. Whether you love cooking or prefer casual dining,
this kitchen is designed to cater to your lifestyle. One of
the standout features of this property is a separate apartment with
its own kitchen, bedroom, and bathroom. Along with a separate
entrance, it could easily be converted into a separate unit,
offering great potential for a 2 unit rental or Airbnb!
Unit Size
-
Days on Market
13 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1948
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (GEPAR MLS #894820)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2024 | Sold | ||
| Sold | |||
| Jan 20, 2024 | Listed by REAL Broker LLC | $279,000 | |
| Listed by REAL Broker LLC | |||
| Sep 20, 2016 | Sold | ||
| Sold | |||
| Jul 25, 2016 | Listed by Rio Bravo Real Estate | $109,900 | |
| Listed by Rio Bravo Real Estate | |||
| | |||
|
Back On the Market: 1-Story, 2Br,1.75Ba, with a Studio Apartment that could be used as Mother-In-Law Quarters. Main house includes Living Room, Kitchen with a Breakfast Area, Laundry Room and Screened Patio. The Studio Apartment has it's own entrance from the front of the property, a kitchenette. a .75Ba, and washer/dryer hookups in the Double Attached Garage. Both the Main house and the Studio Apartment share the same utility meters. Large yard, 10,934sf.
| |||
| Dec 1, 2005 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Riverbend
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Listed by: Evan Ferris Karam, REAL Broker LLC
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 894820
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
Listing data is deemed reliable but not guaranteed.
Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 894820
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