405 RIM Road
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by DEN Property Group | $975,000 | |
| Listed by DEN Property Group | |||
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Welcome to 405 Rim Road, a historic 1939 masterpiece designed by renowned El Paso architect Otto H. Thorman—best known for the El Paso Women's Club and many architectural landmarks across the region. This solid masonry home is filled with natural light and sits on a unique, multi-level corner lot offering sweeping views of El Paso and Mexico. Inside, you'll find original red oak flooring, a soaring vaulted ceiling in the living room, and a breathtaking 20-light chandelier featuring hand-blown glass shades signed by the artist. The natural gas fireplace, framed by Texas Pink Granite, features an innovative twin-flue design that enhances light and air circulation to the upper level. Three spacious bedrooms include en-suite or adjacent baths—two tastefully updated and one preserved in its original charm. A versatile flex room offers the perfect opportunity for a fourth bedroom, home office, or studio space. Custom wood shutters, discreet 3M window tinting on sun-facing windows, and thoughtful architectural details elevate both form and function.
The walkout level includes generous finished living space, ample storage, and laundry, with custom Spanish-style doors and artisan ironwork by Artistic Entryways leading to a private covered patio. In the backyard, you'll find a single-car garage, a charming casita with its own balcony, and an additional storage space that offers potential for conversion into more living area. Outside, the massive front, side, and back yards are beautifully xeriscaped and fully irrigated, with multiple large seating areas designed for privacy, relaxation, and entertainment. High rock walls surround the backyard, where a wood-burning fireplace creates a cozy setting next to a serene, heated pool equipped with a silent, energy-efficient pump and large heater, extending seasonal use. Massive custom gates provide both aesthetic appeal and privacy. Priced below market value, this rare offering in one of El Paso's most prestigious neighborhoods presents an unmatched opportunity and is expected to move quickly - don't miss your chance to make it yours and live on Rim Road!
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| Feb 11, 2013 | Sold | ||
| Sold | |||
| Jan 16, 2013 | Listed by Sandy Messer And Associates | $414,900 | |
| Listed by Sandy Messer And Associates | |||
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LOCATION , A stunning Rim Rd. home with all the amenities you would expect Gracefully updated with separate master suite, guest cottage with full bath (not incl in sq,ft) hardwood flooring, updated kitchen with stainless steel appliances and granite, separate formal dining room, gorgeous grounds with swimming pool, terraces and patios, side entrance covered parking and garage, incredible city views, beautiful courtyard entry.
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Property Highlights
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About Rim - University
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017