A&O Zoned Multifamily Development
317 N Carolina Drive El Paso, TX 79915
New
For Sale
$400,000
MULTI_FAMILY - El Paso, TX
Property Size2,461 SF
Lot Size1.00 Acre
Price / SF$162.54
Days on Market4
Property Features for 317 N Carolina Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- AO
- Appliances
- Range Hood, Free-Standing Gas Oven
- Standard status
- Active
- APN
- T06599900100100
- Size
- 2,461 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BLK 1 TAVAREZ LOT 1
- Tax Annual Amount
- 9238
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Multi Units
Building Details
- Year built
- 1968
- Number of units
- 3
- Building materials
- Stucco
- Roof type
- Flat
- Additional Structures
- Storage
Listing Agency:
ERA Sellers & Buyers Real Esta
(915) 585-2222
Listed By:
Alberto Lugo · License #0583648
(915) 269-1550
Added: Jul 21
Last Checked: Jul 24 at 10:06AM
MLS# 948018
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.
Investment Insights
Based on property information with market context.
This property is being marketed as a multifamily development site with available architectural renderings and blueprints. The listing notes A&O zoning, supporting potential residential income development uses. The lot size is identified as 1 acre, and the property size is listed as 2,461 square feet.
The address is 317 N Carolina Drive in El Paso, TX 79915 (El Paso County). Public remarks indicate the site is located just minutes from the I-10 freeway, Loop 375, and the Ysleta Casino.
Prospective buyers are encouraged to independently verify all information. The listing is subject to errors, omissions, and changes without notice.
The address is 317 N Carolina Drive in El Paso, TX 79915 (El Paso County). Public remarks indicate the site is located just minutes from the I-10 freeway, Loop 375, and the Ysleta Casino.
Prospective buyers are encouraged to independently verify all information. The listing is subject to errors, omissions, and changes without notice.
Key Highlights
- Potential multi‑family development with A&O zoning, plus architectural renderings and blueprints included
- 1‑acre development potential mentioned in the listing
- Year built: 1968; stucco construction with a flat roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.4k | $13.56 |
| − Vacancy | −$1.6k | −$0.64 |
| EGI | $31.8k | $12.92 |
| − OpEx | −$9.5k | −$3.87 |
| NOI | $22.3k | $9.04 |
2,461 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.1K – $370.8K
NOI $22,250 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$293.2K
$256.5K – $342.1K
NOI $20,523 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$617.4K
$540.2K – $720.3K
NOI $43,219 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - 1-acre development site in El Paso with A&O zoning and available architectural renderings and blueprints.
Where is this triplex located?
The property is located at 317 N Carolina Drive El Paso, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Potential multi‑family development with A&O zoning, plus architectural renderings and blueprints included; 1‑acre development potential mentioned in the listing; Year built: 1968; stucco construction with a flat roof
