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    Remodeled Quadplex with In-Unit Laundry Title is generated by Realmo AI

    4605 Arlen Avenue, El Paso, TX 79904

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    Claim this Listing
    For Sale
    $461,986

    MULTI_FAMILY - Other - El Paso, TX

    Property size:
    3,200 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $144/SF
    Added:
    Apr 8, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 15 at 3:06 am

    Property Features for 4605 Arlen Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    A2
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 4
    Window features
    Blinds
    Exterior features
    Walled Backyard
    Appliances
    Dishwasher, Free-Standing Gas Oven, Range Hood, Refrigerator
    Standard status
    Active
    APN
    72637
    Size
    3,200 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    21 DEL NORTE ACRES E 70 FT OF 23 & 24 (7000 SQ FT)
    Tax Annual Amount
    6133

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Central
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1979
    Floors in Building
    2
    Flooring type
    Vinyl, Tile
    Building materials
    Stucco
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    George A Van

    Listing agent George A Van

    Listing office V Realty 661 S Mesa Hills, Ste. 203, El Paso, TX

    Listing date Apr 8, 2026

    MLS# 941777 Listing URL

    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.

    HighLights

    • Quadruplex with 4 apartments (2 bedrooms each)
    • Currently producing over $35,000 per year with good, verified tenants
    • Complex remodeled in 2013
    • Washer and dryer hookup inside
    • Forced‑air central heating with evaporative cooling
    • Walled backyard; flat roof; stucco exterior

    Overview

    This quadplex consists of four separate apartments, with two bedrooms in each unit. The property was remodeled in 2013 and includes washer and dryer hookups inside each unit, supporting day-to-day tenant convenience. The building is offered for sale as a single multifamily asset, totaling 3,200 square feet on a 0.16-acre lot.

    The property is located at 4605 Arlen Avenue in El Paso, Texas, and is described as being just seconds from I-54, providing quick roadway access for residents and visitors. It is situated in El Paso County and listed under zoning A2.

    The current tenant situation is described as having verified, established occupants, with tenants living in the units for over 12 months. The listing also notes current annual earnings of over $35,000, making the asset a straightforward consideration for investors looking for a four-unit structure with a recently remodeled interior and in-unit laundry hookups.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $43.4k $13.56
    − Vacancy −$2.1k −$0.64
    EGI $41.3k $12.92
    − OpEx −$12.4k −$3.87
    NOI $28.9k $9.04
    3,200 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $413.3K
    $361.7K – $482.2K (±1% cap)
    NOI $28,932 @ 7.0% cap · market cap 6.26%
    Second Best
    Apartment 5plus
    $381.2K
    $333.6K – $444.8K (±1% cap)
    NOI $26,685 @ 7.0% cap · market cap 5.78%
    Theoretical Best
    Office A
    $802.8K
    $702.5K – $936.6K (±1% cap)
    NOI $56,196 @ 7.0% cap · market cap 12.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

    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
    -106.435266
    Latitude
    31.862898

    FAQs

    What type of property is this?
    Quadplex - Four remodeled apartments with in-unit washer and dryer hookups, offering a practical setup for tenant comfort and retention.
    Where is this quadplex located?
    The property is located at 4605 Arlen Avenue El Paso, TX.
    What is the asking price?
    The asking price for this property is $461,986.
    What are key features of this property?
    This property features: Quadruplex with 4 apartments (2 bedrooms each); Currently producing over $35,000 per year with good, verified tenants; Complex remodeled in 2013
    More about this property
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