A&O Zoned Multifamily Development
For Sale
$400,000
317 N Carolina Drive, El Paso, TX 79915
MULTI_FAMILY - El Paso, TX
Property Size2,461 SF
Lot Size1.00 Acre
Price / SF$162.54
Days on Market15
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
Subdivision
Ysleta
Elementary school
Ramona
Middle school
Riverside
High school
Riverside
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
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
Legal Description
BLK 1 TAVAREZ LOT 1
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 · ERA Real Estate
(915) 585-2222
Listed By:
Alberto Lugo · License #0583648
(915) 269-1550
Added: Jul 21
Last Checked: Aug 4 at 6:06PM
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
