El Paso, TX Apartment Buildings for Sale

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Updated: Jun 22

Historic Multifamily Apartment Building

1207 E RIO GRANDE Avenue, El Paso, TX 79902

$305,000

3,186 sqft 0.24 AC lot

1901 brick home converted to fully rented apartments prior to 1977
Generates $3,100/month in rental income (per provided remarks)
Off‑street parking available via the back alley for tenant access
Includes a storage building and shed
Hardwood and tile flooring; cooling via window unit(s)

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This listing looks promising.

Here's a quick look at some key insights for

1207 E RIO GRANDE Avenue, El Paso, TX 79902

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$27K
Annual
Price @ 7% Cap

$380K
Above asking
Property Type

Apartments (Generic)
Built 1901

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Updated: Aug 20

6-Unit Apartment Building

2731 IDALIA Avenue, El Paso, TX 79930

$950,000

6,668 sqft 0.34 AC lot

Six‑unit configuration with one detached house and five apartment units
6,668 square feet of improvements on a 0.34‑acre lot
R5 zoning designation
Block and stucco construction with ceramic tile flooring
Central heating, mixed roofing, and public sewer

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Apartment Building with 10 Units

1126 E SAN ANTONIO Avenue, El Paso, TX 79901

$650,000

4,848 sqft 0.08 AC lot

R1-zoned apartment building with 10 one-bedroom units, individual electric meters, and window-unit cooling across two brick buildings.

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Historic 8-Unit Apartment Building

515 W MISSOURI Avenue, El Paso, TX 79901

$559,900

3,240 sqft 0.10 AC lot

Brick-and-stucco construction includes six studios, two one-bedroom units, and shared laundry.

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10-Unit Apartment Building

El Paso, TX 79915

$1,195,000

11,329 sqft 0.99 AC lot

Fully leased multifamily property with varied unit configurations, evaporative cooling, and refrigerator-equipped units.

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5-Unit Apartment Building with Parking

3212 ROSA Avenue, El Paso, TX 79905

$469,500

3,570 sqft 0.24 AC lot

Five-unit residential property with remodeled and newly constructed units, individual climate systems, and assigned resident parking.

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10-Unit Apartment Building

8100 ALAMEDA Avenue, El Paso, TX 79915

$1,190,000

1,710 sqft 0.99 AC lot

R4-zoned multifamily property with public sewer and evaporative cooling.

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Multifamily Property With Rental Units

2314 Wyoming Ave, El Paso, TX 79903

$450,000

3,400 sqft

Seven-unit configuration combines a main residence with remodeled rental units and access to I-10.

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Apartment Building with Seven Rental Units

2314 WYOMING Avenue, El Paso, TX 79903

$450,000

3,400 sqft 0.09 AC lot

Apartment building in C4 zoning with a remodeled mix of on-site rental units and a 3-bedroom main residence.

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6-Unit Apartment Building

2219 MAGOFFIN Avenue, El Paso, TX 79901

$399,500

3,197 sqft 0.10 AC lot

All residences are leased and feature updated interiors with individual mini-split heating and refrigerated air systems.

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5-Unit Apartment Building

3212 Rosa Ave, El Paso, TX 79905

$469,500

3,570 sqft

Five apartment units offer remodeled and newly constructed interiors with individual heating and cooling systems.

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5-Unit Apartment Building with Updates

511 E Nevada Avenue, El Paso, TX 79902

$399,999

2,048 sqft 0.13 AC lot

Zoned A2; three of five units have been recently remodeled with new mini-split systems.

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El Paso Multifamily Opportunity

14940 WHITETAIL DEER Drive, El Paso, TX 79938

$480,000

9,299 sqft 0.41 AC lot

Multifamily property for sale in El Paso, Texas.

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5-Unit Apartment Building

A-e-511 E Nevada Ave, El Paso, TX 79902

$399,999

2,048 sqft

Three residences have recent interior and exterior updates, while supplemental storage space supports tenant and owner use.

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Renovated 51-Unit Apartment Complex

901-919 Chihuahua, El Paso, TX 79901

$2,900,000

0.72 AC lot

Brick buildings feature upgraded apartments, common grounds, and on-site management space.

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Apartment Building with Five Units

501 E CLIFF Drive, El Paso, TX 79902

$380,000

2,968 sqft 0.08 AC lot

R5 zoned apartment building with four studio units and one three-bedroom unit plus an unfinished basement.

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8-Unit Apartment Complex

13620 Bachimba Dr, El Paso, TX 79928

$1,290,000

1.00 AC lot

Four-building residential property with separately metered units, gated grounds, on-site parking, and durable interior finishes.

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Multifamily Property with Garage

8168 VALLEY VIEW Drive, El Paso, TX 79907

$449,000

3,810 sqft 0.51 AC lot

The property includes a main house and four apartments, each with two bedrooms and one bathroom.

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Five-Unit Apartment Building

1-5-501 E Cliff Dr, El Paso, TX 79902

$380,000

2,968 sqft

Apartment property with a varied unit mix and unfinished basement space.

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Two-Building Residential Income Property

615, 617 S VIRGINIA Street, El Paso, TX 79901

$330,000

2,138 sqft 0.14 AC lot

Residential income property with five units across two buildings, with refrigerated air in three units and seller-paid water.

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Five-Unit Multifamily Property

8168 Valley View Dr, El Paso, TX 79907

$449,000

3,810 sqft

Multifamily property combining a detached two-bedroom house with four individually fenced apartment units.

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El Paso Multifamily Investment Opportunity

512 Center Way, El Paso, TX 79915

$1,498,500

0.48 AC lot

Eleven-unit complex near EPCC, ideal for student housing.

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5-Unit Apartment Property

615-617 South Virginia Street, El Paso, TX 79901

$330,000

2,138 sqft

Two separate buildings offer five residential units with kitchens, bathrooms, ceramic tile, and concrete finishes.

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8-Unit Apartment Building

8709 LAWSON Street, El Paso, TX 79904

$675,000

0.29 AC lot

Brick multifamily property with seven remodeled units and annual leases.

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El Paso, TX Apartment Buildings Market Trends and Statistics

Explore 88 apartment buildings for sale in El Paso, TX, showcased through 88 active listings on our real estate platform. These investment opportunities span a total of 188,377 square feet of properties for sale, with an estimated market value of $44,199,397.

Sale prices for two-family homes in El Paso, TX start at $90,000, averaging $690,615, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 831K

Population Growth (5Y) +2.9%

Median Household Income $60,492

College Educated 6.2%

High-Yield Neighborhoods for Investment

Identify El Paso submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
79905	$435.9K
79902	$519.4K
79938	$533.8K
79907	$581.3K
79901	$625.5K

Taxes & Financing

Tax Rate (average for all types) 2.67%

Property Tax per SF $41.06 per SF

Tax Rate vs County Average 0.03 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in El Paso County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in El Paso County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in El Paso fall within the 100,000+ square foot range.

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