Apartment Building with 10
For Sale
$650,000
1126 E SAN ANTONIO Avenue, El Paso, TX 79901
MULTI_FAMILY - El Paso, TX
Property Size4,848 SF
Lot Size0.08 Acres
Price / SF$134.08
Days on Market54
Property Features for 1126 E SAN ANTONIO Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R1
Parking features
On Street
Appliances
Refrigerator, Gas Cooktop
Subdivision
Magoffin
Elementary school
Hart
Middle school
Guillen
High school
Bowie
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
M02899908009700
Size
4,848 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
80 MAGOFFIN 32 & ELY PT OF 31 (38.00 ON NLY 90.00 ON ELY-42.50 ON SLY- IRREG ON WLY) (3650.00 SQ FT)
Tax Annual Amount
11161
Legal Description
80 MAGOFFIN 32 & ELY PT OF 31 (38.00 ON NLY 90.00 ON ELY-42.50 ON SLY- IRREG ON WLY) (3650.00 SQ FT)
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
10
Flooring type
Laminate, Hardwood
Building materials
Brick
Roof type
Flat
Additional Structures
Storage
Listing Agency:
The Agency Real Estate and Propert Managent LLC
(915) 593-7218
Listed By:
Dayanna Flores
(915) 267-6846
Added: Jul 10
Changed: Aug 2
Last Checked: Sep 1 at 9:06AM
MLS# 947381
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 apartment building offers 10 one-bedroom, one-bathroom units across two separate buildings. One building contains 4 units, and the second building contains 6 units. Each unit is equipped with an individual electric meter, and the property includes a mix of hardwood, tile, and laminate flooring. Cooling is provided via portable A/C units and window unit(s).
The property sits on a 0.08-acre lot with a total building size of 4,848 square feet. The buildings feature brick construction and a flat roof. Parking is available on-street, and the property is served by public sewer.
As of current status, 6 units are leased to long-term tenants, while 4 units are vacant. The property is being sold as-is.
The property sits on a 0.08-acre lot with a total building size of 4,848 square feet. The buildings feature brick construction and a flat roof. Parking is available on-street, and the property is served by public sewer.
As of current status, 6 units are leased to long-term tenants, while 4 units are vacant. The property is being sold as-is.
Key Highlights
- 10 one‑bedroom, one‑bathroom units across two buildings: 4 units and 6 units
- Individual electric meters for each unit
- Brick construction with flat roof and public sewer service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,428
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$808,560
$808.6K
Cap Rate 7%
$577,543
$577.5K
Cap Rate 9%
$449,200
$449.2K
Market Conditions
NOI Build-Up for 4,848 SF
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.
Gross rent
$77.4K $15.96/SF
− Vacancy
−$3.9K −$0.80/SF
EGI
$73.5K $15.16/SF
− OpEx
−$33.1K −$6.82/SF
NOI
$40.4K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$808,560
Cap Rate 7%
$577,543
Cap Rate 9%
$449,200
Alternative Uses
Best Use
Apartment 5plus
$577.5K
$505.4K – $673.8K
NOI $40,428 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,138 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
3,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - R1-zoned apartment building with 10 one-bedroom units, individual electric meters, and window-unit cooling across two brick buildings.
Where is this apartment building located?
The property is located at 1126 E SAN ANTONIO Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 10 one‑bedroom, one‑bathroom units across two buildings: 4 units and 6 units; Individual electric meters for each unit; Brick construction with flat roof and public sewer service
