71
Map
$249,950
●
House -
For Sale
3204 Memphis Avenue
El Paso, TX 79930
5 Beds
2 Baths
$1,872
Est. Monthly
About This Property
Located in the desirable Altura Park subdivision, this unique
income-producing property offers a main residence plus two separate
studio units. The main home features refrigerated air, 3 bedrooms,
2 bathrooms, and approximately 1,170 sq. ft. of living space. The
backyard includes two private studio units divided by fencing. Unit
A is approximately 360 sq. ft., and Unit B is approximately 310 sq.
ft. Each studio includes a kitchenette and bathroom, providing
additional rental flexibility. Current rental income includes the
main home rented for $1,700 per month and Unit B rented for $600
per month. Unit A is currently in the process of being rented,
offering additional income potential. Please note, the main home
and studio units are all metered together.
Unit Size
-
Days on Market
155 days
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
1930
Listed By
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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 #937962)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2026 | Relisted | $249,950 | |
| Relisted | |||
| Apr 21, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Feb 10, 2026 | Listed by 1st Choice Realty | $249,950 | |
| Listed by 1st Choice Realty | |||
| Jan 30, 2026 | No longer available | - | |
| No longer available | |||
| Jan 28, 2026 | Relisted | $249,950 | |
| Relisted | |||
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Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Parking Details
Attached Garage
Parking Features: Attached, Driveway, None, On Street
Interior Details
Full Bathrooms: 2
Interior Features: See Remarks, 2+ Living Areas, 2+ Master BR
Appliances: See Remarks
Flooring Type: Tile, Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplaces: 1
Exterior Details
Architectural Style: 1 Story
Year Built: 1930
Building Area Total: 1841
Other Structures: Second Residence, See Remarks
Window Features: Double Pane Windows, Single Pane
Construction Materials: Stucco, Adobe
Patio and Porch Features: Open
Pool Features: See Remarks
Lot Features: Standard Lot
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5340
Water Source: City
Financial Details
Tax Annual Amount: $7,733
Utilities Details
Cooling Type: Varies by Unit, Central Air, Window Unit(s), Refrigerated
Heating Type: Natural Gas, Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None
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 Military Heights
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Listed by: Fernando Valenzuela, 1st Choice Realty
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 937962
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# 937962
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