Multi-Tenant Property in El
633 BARCELONA Drive El Paso, TX 79905
633 BARCELONA Drive, El Paso, TX, 79905
$287,000
For Sale
$287,000
MULTI_FAMILY - El Paso, TX
Property Size1,287 SF
Lot Size0.17 Acres
Price / SF$222
Days on Market504
Property Features for 633 BARCELONA Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Parking features
- On Street, Paved or Surfaced
- Appliances
- Washer Hookup
- Standard status
- Active
- APN
- C62299900405500
- Size
- 1,287 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 3765
- Tax Description
- 4 CLARDY FOX LOT 28
- Tax Annual Amount
- 2024
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Ceiling Fan(s), Varies by Unit
Building Details
- Year built
- 1951
- Number of units
- 4
- Building materials
- Stucco
- Roof type
- Composition
Listing Agency
Cap Rate Real Estate Group
(915) 443-8859
1035 Belvidere, Ste. 290, El Paso, TX
Listed by
Cristian Anibal Olague · License #0737250
(915) 345-4379
Added: Mar 3, 2025 Updated: Jul 11 at 5:31 am Checked: Jul 20 at 8:06 pm
MLS# 918038
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.
Investment Insights
Based on property information with market context.
The property at 633 Barcelona Drive, El Paso, TX 79905, offers an opportunity to acquire a multi-tenant property designed for rental income. This multi-unit complex features a mix of one-bedroom, two-bedroom, and studio apartments, catering to a broad tenant base in a rental market where 54% of residents are renters. The property has been updated with refreshed flooring and paint in select units. Situated near key employment sectors including healthcare and retail, the property benefits from consistent occupancy and strong returns. This property is located in El Paso County. The lot size is 0.17 acres, and the property size is 1287 square feet. The zoning is R4. It is designed as a residential income property.
Key Highlights
- Multi‑tenant apartment complex with a mix of studio, 1‑bedroom, and 2‑bedroom units
- Recent updates include refreshed flooring and paint in select units
- Year built: 1951; stucco construction; composition roof
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 | $17.5k | $13.56 |
| − Vacancy | −$829 | −$0.64 |
| EGI | $16.6k | $12.92 |
| − OpEx | −$5.0k | −$3.87 |
| NOI | $11.6k | $9.04 |
1,287 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$166.2K
$145.5K – $193.9K
NOI $11,636 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$153.3K
$134.2K – $178.9K
NOI $10,732 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$322.9K
$282.5K – $376.7K
NOI $22,601 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multi-unit complex in a robust rental market with strong returns.
Where is this quadplex located?
The property is located at 633 BARCELONA Drive El Paso, TX.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Multi‑tenant apartment complex with a mix of studio, 1‑bedroom, and 2‑bedroom units; Recent updates include refreshed flooring and paint in select units; Year built: 1951; stucco construction; composition roof
