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    Mixed-Use Building with Recording Studio Title is generated by Realmo AI

    2422 MONTANA, El Paso, TX 79903

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    New
    For Sale
    $315,000

    MULTI_FAMILY - El Paso, TX

    Property size:
    3,160 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $99/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 8:06 pm

    Property Features for 2422 MONTANA

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    SD
    Standard status
    Active
    APN
    B20299908901100
    Size
    3,160 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    89 BASSETT W 23 FT OF 4 & E 20 FT OF 5 (5160 SQ FT)
    Tax Annual Amount
    6919

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Multi Units, Central Air

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Brick
    Roof type
    Composition, Shingle

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    Listing Contact
    Allison M Dillard
    Allison M Dillard

    Listing agent Allison M Dillard License #0664018

    Listing office Keller Williams Realty 12040 Tierra Este suite B206, El Paso, TX

    Listing date Jun 5, 2026

    MLS# 945329

    Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use, SD‑zoned building with 3,170+ SF across four levels, built in 1915 with brick construction.
    • Three separately metered electrical units for flexible owner use, investor structure, or multiple tenants.
    • Basement level includes a bathroom and a professionally designed recording studio.
    • Main/commercial level features two bathrooms and a lighted marquee sign, with five dedicated front parking spaces.
    • Upper residential unit has its own private entrance plus abundant rear parking; includes 3 bedrooms, 2 bathrooms, living room, and full kitchen.
    • Utilities and systems: public sewer; forced‑air heating and central air; roof is composition/shingle.

    Overview

    This SD-zoned mixed-use property spans four levels and totals just over 3,170 square feet, designed to support both commercial and residential use. The building includes three separately metered electrical units, giving flexibility for an owner-user or for renting multiple spaces. A basement level features a bathroom and a professionally designed recording studio. The main level is configured for commercial use with two bathrooms, along with features intended to draw in walk-by traffic, including a lighted marquee sign and prominent street visibility.

    Located at 2422 Montana in El Paso, TX 79903, the property offers five dedicated front parking spaces. The upper residential unit has its own private entrance and includes abundant rear parking, supporting independent access separate from the commercial component.

    For tenants, buyers, or operators, the layout supports a wide range of possibilities based on the existing configuration, including retail, office, service, or creative uses on the main and lower levels, with the upstairs residence suited for owner occupancy or separate rental. The unit mix and separate electric metering are practical considerations for multi-tenant operation and for those seeking controlled separation between work and living spaces within one building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Universal EP Radio Station 915 Ink City Tattoo & Piercing Shop April Chambers Agency ... Insurance Agency FruitfulTV Television Studio Sacred Space Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.466877
    Latitude
    31.779499

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    FAQs

    What type of property is this?
    Live-work space - Four-level mixed-use building with separately metered units, a basement recording studio, and an upstairs private residential entrance.
    Where is this live-work space located?
    The property is located at 2422 MONTANA El Paso, TX.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Mixed‑use, SD‑zoned building with 3,170+ SF across four levels, built in 1915 with brick construction.; Three separately metered electrical units for flexible owner use, investor structure, or multiple tenants.; Basement level includes a bathroom and a professionally designed recording studio.
    (915) 799-9708
    We can help!
    Listing Contact
    Allison M Dillard
    Allison M Dillard
    Real Estate License ID: 0664018
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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