43
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$343,000
●
House -
In Contract
724 CHELTENHAM Drive
El Paso, TX 79912
3 Beds
2 Baths
1,918 Ft²
$1,996
Est. Monthly
About This Property
Fall in love with warmth, character, and unforgettable views of
this well-loved Falcon Hills home. From the moment you step through
the grand entry, you'll feel right at home.The inviting formal
living room features soaring cathedral ceilings, a cozy fireplace,
and beautiful built-in bookshelves-perfect for quiet evenings,
lively gathering, and making memories that last. Two generously
sized bedrooms, a full bath, and a charming study nook are
thoughtfully positioned near the entry, while the private zoned
primary suite offers a peaceful retreat at the end of the day. A
convenient laundry room adds to the home's comfortable design.
Outside, stunning views of the Franklin Mountains and Mount Cristo
Rey provide a breathtaking backdrop you'll enjoy every day.
Lovingly maintained and filled with possibilities, this special
home offers the comfort, space, and setting you've been waiting
for. Come see why this could be the one you'll be proud to call
home!
Unit Size
1,918 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$179
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1986
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: 2 days ago (GEPAR MLS #951988)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Sep 30, 2026 | Listed by ERA Sellers & Buyers Real Esta | $343,000 | |
| Listed by ERA Sellers & Buyers Real Esta | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Driveway, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, Double Vanity, Cathedral Ceiling(s), Built-in Features, Ceiling Fan(s), Entrance Foyer, Kitchen Island, Walk-In Closet(s), Formal DR LR, Zoned MBR
Appliances: Dishwasher, Disposal, Dryer, Free-Standing Electric Oven, Gas Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Tile, Carpet
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Glass Doors, Gas
Fireplaces: 1
Exterior Details
Square Footage: 1918
Security Features: Window Bars with Quick Release
Architectural Style: 1 Story
Year Built: 1986
Building Area Total: 1918
Other Structures: Other
Window Features: Skylight(s), Blinds, Shutters, Double Pane Windows, Bars w/Release
Construction Materials: Brick
Patio and Porch Features: Covered
Pool Features: None
Lot Features: View Lot
Lot Size Area: 0.2
Lot Size Units: Acres
Lot Size Acres: 0.2
Lot Size Square Feet: 8700
Water Source: Public
Financial Details
Tax Annual Amount: $3,737
Utilities Details
Cooling Type: Multi Units, Ceiling Fan(s), Central Air, Refrigerated
Heating Type: Natural Gas, Central, Forced Air, 2+ Units
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 Falcon Hills
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Currently no similar homes aroundNearby Rentals
Listed by: Debbie Reavis, ERA Sellers & Buyers Real Esta
Last Updated: 2 days ago
Data Source: GEPAR, MLS# 951988
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: 2 days ago
Data Source: GEPAR, MLS# 951988
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