Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    187 5Th St El Paso, TX 79905

    View on Map
    Sponsored
    For Sale
    $398,900

    COMMERCIAL - El Paso, TX

    Lot size:
    0.34 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 18 at 7:06 am

    Property Features for 187 5Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R4
    APN
    229303
    Fireplace
    1
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Gustavo Andazola

    The Real Estate Power Houses (915) 549-4663

    Listing agent Gustavo Andazola (915) 478-5050

    Listing date Mar 12, 2026

    MLS# 937430

    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.

    Learn more

    Property Insight Report

    Overview

    El Paso Multifamily Investment Property

    This five-unit multifamily property in El Paso, Texas, features five apartments, each measuring 891 square feet. The unit mix includes one 3-bedroom/1-bath unit and four 2-bedroom/1-bath units. Recent capital improvements include a new roof installed four years ago and fresh exterior paint. The property offers ample on-site parking and a dedicated space with the potential to add a coin-operated laundry room for additional income. Units 1 and 2 feature modern kitchens and washer/dryer hookups. Tenants are responsible for all utilities for these units. Units 3, 4, and 5 are all 2-bedroom units, with the owner responsible for water and gas. The property is centrally located near major employment and transit hubs, including the University Medical Center (UMC) and Texas Tech University Health Sciences Center. It is also conveniently close to the Bridge of the Americas and Paso Del Norte International Bridge and near Lincoln Park. The property is zoned R4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.419143
    Latitude
    31.770011

    Nearby Similar for Sale

    • $510,000
      2,965 SF

      Versatile Commercial Space Near Downtown

      Prime commercial property ideal for retail, office, warehouse, or automotive.
      1500 Wyoming Ave, El Paso, TX 79902
      View Details
    • New
      $440,000
      0.53 Acres

      El Paso Commercial Lot

      Spacious lot ideal for commercial use in El Paso, TX.
      5241 Adolphus Ave, El Paso, TX 79904
      View Details
    • $450,000
      6,000 SF

      Downtown El Paso Commercial Property

      Income-producing commercial property in the heart of downtown El Paso.
      408 S El Paso St, El Paso, TX 79901
      View Details
    • $450,000
      4,875 SF

      Downtown El Paso Commercial Property

      Multi-tenant property near Stanton International Bridge, ideal for retail.
      612 S Stanton St, El Paso, TX 79901
      View Details
    • $849,950
      5,000 SF

      New Commercial Flex Office/Warehouse

      New flex office/warehouse with high ceilings and secure fencing.
      3605 Esper Dr, El Paso, TX 79936
      View Details
    • New
      $790,000
      0.28 Acres

      El Paso Commercial Opportunity

      Commercial property suitable for medical office, includes residential building.
      1700 N Mesa St, El Paso, TX 79902
      View Details
    • $300,000
      3,000 SF

      El Paso Commercial Investment Property

      Income-producing commercial property in downtown El Paso near international bridge.
      410 S El Paso St, El Paso, TX 79901
      View Details
    • $890,000
      3,000 SF

      El Paso Showroom/Warehouse For Sale

      Showroom/warehouse near downtown and international bridges, ideal for various businesses.
      210 Poplar St, El Paso, TX 79901
      View Details
    • New
      $268,000
      3,500 SF

      Versatile Commercial Property Near Downtown

      Excellent visibility, flexible space, strong growth potential near downtown.
      605 S Kansas St, El Paso, TX 79901
      View Details
    • $315,000
      1,052 SF

      Turnkey Restaurant in El Paso

      Ready-to-operate restaurant in historic Manhattan Heights district.
      2506 N Piedras St, El Paso, TX 79930
      View Details
    • $3,400,000
      14,000 SF

      El Paso Industrial Warehouse

      14,000 SF warehouse with offices on 10 acres.
      1001 Berryville St, El Paso, TX 79928
      View Details
    • New
      $795,000
      0.43 Acres

      El Paso Commercial Opportunity

      Versatile C4-zoned property in a desirable El Paso location.
      11986 Roseann Ct, El Paso, TX 79936
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property with recent capital improvements and income potential.
    Where is this apartment building located?
    The property is located at 187 5Th St El Paso, TX.
    What is the asking price?
    The asking price for this property is $398,900.
    What are key features of this property?
    This property features: - Five spacious apartments with a desirable unit mix.; - Centrally located near major employment and transit hubs, including UMC and Texas Tech University Health Sciences Center.; - Ample on-site parking available for tenants.
    (915) 478-5050
    Request Owner's contact information
    187 5Th St El Paso, TX 79905
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    187 5Th St
    El Paso, TX 79905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    187 5Th St El Paso, TX 79905
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gustavo Andazola
    Real Estate License ID: 0433295
    (915) 478-5050
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!