5-Unit Apartment Building with
For Sale
$469,500
3212 ROSA Avenue, El Paso, TX 79905
Residential Income, El Paso, TX
Property Size3,570 SF
Lot Size0.24 Acres
Price / SF$131.51
Days on Market45
Property Features for 3212 ROSA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A3
Parking
5
Parking features
Assigned
Appliances
Washer Hookup, Refrigerator, Microwave, Gas Cooktop, Free-Standing Gas Oven
Subdivision
East El Paso
Elementary school
Douglass
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
E01499902906100
Size
3,570 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
29 EAST EL PASO 25 T0 27 (10500 SQ FT)
Tax Annual Amount
5890
Legal Description
29 EAST EL PASO 25 T0 27 (10500 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Multi Units
Amenities
mini-split (refrigerated air and heating)
washer and dryer connections
dedicated parking
Building Details
Year built
1960
Number of units
5
Flooring type
Vinyl
Building materials
Stucco, Vinyl Siding
Roof type
Shingle
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Liliana Quevedo Sutcliffe
(915) 355-3586
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 2 at 10:06AM
MLS# 947962
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 5-unit apartment property contains 3 new-construction units and 2 remodeled units within 3,570 square feet. Each unit is equipped with a mini-split system providing refrigerated air and heating, along with washer and dryer connections. Vinyl flooring, assigned parking, and a selection of appliances support practical residential operation. The property was built in 1960 and sits on 0.24 acres with A3 zoning, public sewer service, a shingle roof, and stucco and vinyl siding.
The property offers access to I-10 and other major thoroughfares in El Paso. Shopping, schools, restaurants, and additional amenities are identified nearby. All five units are described as rent-ready, with refrigerators, microwaves, gas cooktops, and free-standing gas ovens among the listed appliances.
The property offers access to I-10 and other major thoroughfares in El Paso. Shopping, schools, restaurants, and additional amenities are identified nearby. All five units are described as rent-ready, with refrigerators, microwaves, gas cooktops, and free-standing gas ovens among the listed appliances.
Key Highlights
- 5‑unit apartment property totaling 3,570 square feet
- 3 new‑construction units and 2 remodeled units
- Mini‑split refrigerated air and heating in all units
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
$29,771
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
6.34%
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%
$595,420
$595.4K
Cap Rate 7%
$425,300
$425.3K
Cap Rate 9%
$330,789
$330.8K
Market Conditions
NOI Build-Up for 3,570 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
$57.0K $15.96/SF
− Vacancy
−$2.8K −$0.80/SF
EGI
$54.1K $15.16/SF
− OpEx
−$24.4K −$6.82/SF
NOI
$29.8K $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%
$595,420
Cap Rate 7%
$425,300
Cap Rate 9%
$330,789
Alternative Uses
Best Use
Apartment 5plus
$425.3K
$372.1K – $496.2K
NOI $29,771 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.6K
$783.7K – $1.04M
NOI $62,694 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,807
Businesses Nearby
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
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?
Apartment building - Five-unit residential property with remodeled and newly constructed units, individual climate systems, and assigned resident parking.
Where is this apartment building located?
The property is located at 3212 ROSA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $469,500.
What are key features of this property?
This property features: 5‑unit apartment property totaling 3,570 square feet; 3 new‑construction units and 2 remodeled units; Mini‑split refrigerated air and heating in all units
