$280,000
●
House -
Off Market
2705 MEMPHIS Avenue
El Paso, TX 79930
3 Beds
0 Bath
$1,701
Est. Monthly
5.25%
Cap Rate
About This Property
Welcome to the newly remodeled 2705 Memphis Ave. in the prestigious
Highland Park Subdivision.
This delightful residence has undergone a complete makeover including refrigerated air, elegant refinished hard wood floors, new insulated windows, granite counter tops and architectural exterior wood accents! Equipped with brand new appliances and fixtures, this home, is perfectly suited for those seeking one of a kind gem with unique style and features. A versatile additional studio/apartment with many potential possibilities: mother in-law-quarters, Airbnb, game room, theater room, office for business, man cave, etc. making this one a great income investment. Wake up to a beautiful view of the Franklin Mountains from the comfort of your home. Hurry, this one will definitely win your heart over!
This delightful residence has undergone a complete makeover including refrigerated air, elegant refinished hard wood floors, new insulated windows, granite counter tops and architectural exterior wood accents! Equipped with brand new appliances and fixtures, this home, is perfectly suited for those seeking one of a kind gem with unique style and features. A versatile additional studio/apartment with many potential possibilities: mother in-law-quarters, Airbnb, game room, theater room, office for business, man cave, etc. making this one a great income investment. Wake up to a beautiful view of the Franklin Mountains from the comfort of your home. Hurry, this one will definitely win your heart over!
Unit Size
-
Days on Market
43 days
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1918
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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 #895253)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 10, 2024 | Sold | ||
| Sold | |||
| Jan 26, 2024 | Listed by International Real Estate | $289,750 | |
| Listed by International Real Estate | |||
| Aug 22, 2023 | Sold | ||
| Sold | |||
| Aug 2, 2023 | Listed by REAL Broker LLC | $119,950 | |
| Listed by REAL Broker LLC | |||
| | |||
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Do you smell that? Smells like opportunity! This charming 2 bedroom, 1 bath property offers more than meets the eye - a rare find with a basement and a detached garage featuring plumbing, presenting the perfect canvas for converting it into a lucrative studio apartment. Calling all savvy investors and fix-and-flip enthusiasts, this home boasts untapped potential, offering an exciting opportunity to maximize profits. With its prime location and endless possibilities, don't miss out on this golden investment chance to turn this diamond in the rough into a sparkling success!
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Military Heights
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Listed by: Julieta Escobar, International Real Estate
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 895253
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# 895253
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