$244,265
●
House -
Off Market
312 ALVAREZ Drive
El Paso, TX 79932
4 Beds
1 Bath
$239,274
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
SURE TO TURN HEADS, this AFFORDABLE modern home captures the spirit
of classic Spanish architecture. Lovely curb
appeal,180-degree panoramic vistas from balcony, and graceful
arches woven throughout the property contribute to the aesthetics
and charm. 2-story foyer; marble centerpiece FP flanked by
full length mirrors in live-in. Updated kitchen including French
door fridge, which conveys. 2 BR down & a 3rd upstairs, PLUS
super size MBR w/direct access to scenic balcony. Closet in
maid's room is currently equipped w/washer/dryer, which convey.
This room can easily be readapted as a 5th BR, spare room, or
office. Large parcel affords ample space for the best
parties. Pool has a slide and diving board. LOCATION,
LOCATION, LOCATION: SAVE TIME AND GAS. Most amenities are only
minutes away: urgent care, recreation, eateries; your favorite
shopping venues, such as Albertson's, Kohl's, Lowe's, Nothing Bundt
Cakes.... Easy access via I-10 to all of El Paso and Las Cruces.
Unit Size
-
Days on Market
53 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1987
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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 #874762)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2023 | Sold | ||
| Sold | |||
| Jan 5, 2023 | Listed by Home Pros Real Estate Group | $229,000 | |
| Listed by Home Pros Real Estate Group | |||
| Oct 1, 2003 | Sold | ||
| Sold | |||
| May 29, 2003 | Listed by Majestic, REALTORS | $114,950 | |
| Listed by Majestic, REALTORS | |||
| | |||
|
THIS HOME IS BEING REMODELED, NEW CARPET, PAINTED INSIDE AND OUT, NEW KITCHEN COUNTER TOP. THIS 4 BEDROOM HOME WITH A MAIDS ROOM OR COULD BE OFFICE, WITH POOL IS A MUST SEE!!! SELLER WILL CONTRIBUTE TO BUYERS CLOSING COST AT FULL PRICE.
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Ridge
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Listed by: Tatiana Ocampo, Home Pros Real Estate Group
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 874762
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# 874762
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