Historic 8-Unit Apartment
For Sale
$559,900
515 W MISSOURI Avenue, El Paso, TX 79901
MULTI_FAMILY - El Paso, TX
Property Size3,240 SF
Lot Size0.10 Acres
Price / SF$172.81
Days on Market15
Property Features for 515 W MISSOURI Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A3
Appliances
Refrigerator, Range Hood
Subdivision
East El Paso
Elementary school
Aoy
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
S636999000A5500
Size
3,240 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
A STEVENS 22 & W 10.01 FT OF 21 (4201.20 SQ FT)
Tax Annual Amount
4000
Legal Description
A STEVENS 22 & W 10.01 FT OF 21 (4201.20 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Ceiling Fan(s)
Amenities
shared washer and dryer
Building Details
Year built
1913
Number of units
8
Flooring type
Vinyl
Building materials
Brick, Stucco
Roof type
Shingle
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Gustavo Andazola · License #0433295
(915) 478-5050
Added: Jul 22
Changed: Aug 4
Last Checked: Aug 5 at 12:06AM
MLS# 948044
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 8-unit apartment building dates to 1913 and includes six studio apartments and two one-bedroom units. The property features brick and stucco construction, vinyl flooring, central heating and cooling, ceiling fans, and shared washer and dryer facilities. Individual appliances include refrigerators and range hoods, while the building is served by public sewer and has a shingle roof.
Positioned in El Paso’s San Francisco Historic District near downtown, the property is close to UTEP, major hospitals, Southwest University Park, I-10, and two international bridges. The site encompasses 0.1 acres and carries A3 zoning. Its unit mix and proximity to major institutional, civic, and transportation destinations define the property’s operating profile.
Positioned in El Paso’s San Francisco Historic District near downtown, the property is close to UTEP, major hospitals, Southwest University Park, I-10, and two international bridges. The site encompasses 0.1 acres and carries A3 zoning. Its unit mix and proximity to major institutional, civic, and transportation destinations define the property’s operating profile.
Key Highlights
- 8‑unit apartment building with 6 studio apartments and 2 one‑bedroom units
- Built in 1913 in El Paso’s San Francisco Historic District
- A3 zoning on a 0.1‑acre site
Financial Insights For Apartment 5plus
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 | $51.7k | $15.96 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $49.1k | $15.16 |
| − OpEx | −$22.1k | −$6.82 |
| NOI | $27.0k | $8.34 |
3,240 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$386.0K
$337.7K – $450.3K
NOI $27,019 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.8K
$711.2K – $948.3K
NOI $56,899 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,873
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Brick-and-stucco property includes shared laundry and central air conditioning.
Where is this apartment building located?
The property is located at 515 W MISSOURI Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 8‑unit apartment building with 6 studio apartments and 2 one‑bedroom units; Built in 1913 in El Paso’s San Francisco Historic District; A3 zoning on a 0.1‑acre site
