5-Unit Apartment
New
For Sale
$439,950
4424 Hueco Avenue, El Paso, TX 79930
Residential Income, El Paso, TX
Property Size2,795 SF
Lot Size0.16 Acres
Price / SF$157.41
Days on Market4
Property Features for 4424 Hueco Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M3
Parking features
Assigned
Appliances
Refrigerator, Microwave, Free-Standing Gas Oven
Subdivision
Government Hill
Elementary school
Coldwell
Middle school
Armendariz
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
G56999909305500
Size
2,795 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
93 GOVERNMENT HILL 19 & 20 (7000 SQ FT)
Tax Annual Amount
6188
Legal Description
93 GOVERNMENT HILL 19 & 20 (7000 SQ FT)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Multi Units, Ceiling Fan(s)
Amenities
solar panels
kitchen appliances
mini-split systems
washer hookups
Building Details
Year built
1929
Number of units
5
Flooring type
Vinyl, Tile
Building materials
Stucco
Roof type
Shingle, Tile
Additional Structures
Residence
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Stephanie Alvarez
(915) 275-8384
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 27 at 4:06PM
MLS# 951817
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.
The property includes a four-unit main building and a separate rear apartment, totaling five residential spaces. The buildings contain 2,795 square feet on a 0.16-acre lot. Built in 1929, the main structure has a former multifamily configuration. Interior features include kitchen appliances, mini-split systems, vinyl and tile flooring, and washer hookups in two units. Stucco exterior construction and assigned parking are also present.
Located in El Paso, the property is near Loretto Academy and has access to US-54. The spaces are tenant occupied, and the solar panels are paid off. Public sewer and natural gas availability are listed for the property.
Located in El Paso, the property is near Loretto Academy and has access to US-54. The spaces are tenant occupied, and the solar panels are paid off. Public sewer and natural gas availability are listed for the property.
Key Highlights
- Four units in the main building plus a separate rear apartment
- 2,795 square feet on a 0.16‑acre lot
- Built in 1929; stucco construction
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
$23,308
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
5.30%
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%
$466,160
$466.2K
Cap Rate 7%
$332,971
$333.0K
Cap Rate 9%
$258,978
$259.0K
Market Conditions
NOI Build-Up for 2,795 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
$44.6K $15.96/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$42.4K $15.16/SF
− OpEx
−$19.1K −$6.82/SF
NOI
$23.3K $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%
$466,160
Cap Rate 7%
$332,971
Cap Rate 9%
$258,978
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,308 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.2K
$613.6K – $818.1K
NOI $49,084 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Tenant occupancy and paid-off solar panels add operating context to this residential property.
Where is this apartment building located?
The property is located at 4424 Hueco Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $439,950.
What are key features of this property?
This property features: Four units in the main building plus a separate rear apartment; 2,795 square feet on a 0.16‑acre lot; Built in 1929; stucco construction
