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Listed by The Real Estate Power Houses

$ 559,900

Est. payment | -/mo

3,240 SqFt

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$ 559,900

Est. payment | -/mo

Save Virtual Tour

3,240 SqFt

Key Details

Property Type Multi-Family

Sub Type House Plus Unit(s)

Listing Status Active

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $172

Subdivision East El Paso

MLS Listing ID 948044

Year Built 1913

Annual Tax Amount $4,000

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type House Plus Unit(s)

Source Greater El Paso Association of REALTORS®

Property Description

8-unit multifamily in El Paso's historic district, minutes from UTEP and downtown. All eight units occupied, producing $60,780 annual scheduled rent against $16,027 operating expenses -- $41,714 NOI at a 7.45% cap. The opportunity is flexibility: five of eight units are on month-to-month terms with a sixth just rolled, so a new owner can reposition rents immediately instead of waiting out a staggered lease stack. Bringing units to market lifts scheduled income to $68,400 (+13%), with Unit 2 alone $250/month under market. Established student and workforce tenant base, 4.63% actual collection loss YTD, taxes and insurance paid in full for 2026. Rent roll, T-12 and full OM available on request. Buyer to verify all figures including post-sale tax reassessment.

Location

State TX

County El Paso

Community East El Paso

Zoning A3

Rooms

Other Rooms None

Interior

Heating Central, Natural Gas

Cooling Ceiling Fan(s), Central Air, Refrigerated

Flooring Vinyl

Exterior

Parking Features Street Only, See Remarks

Utilities Available All City

Roof Type Pitched,Shingle

Building

Building Description Brick,Stucco, Balconies/Deck,High Speed Internet,Laundry Equip - Owned,Washer/Dryer

Sewer Public Sewer

Water City

Structure Type Brick,Stucco

Schools

Elementary Schools Aoy

Middle Schools Guillen

High Schools Bowie

Others

Tax ID S636999000A5500

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Owner Agent

Virtual Tour https://www.propertypanorama.com/instaview/gepar/948044

Nearby Locations

Javier Enriquez

Agent License ID: 658030

+1(915) 274-0020 | javier.enriquez@exprealty.com

515 W MISSOURI AVE #1, 2, 3, 4, 5, 6, 7, 8 El Paso, TX 79901

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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515 W MISSOURI AVE #1,2,3,4,5,6,7,8