Five-Dwelling Mobile Home
For Sale
$395,000
660 Mauer Road, El Paso, TX 79915
Residential, El Paso, TX
Property Size1,600 SF
Lot Size0.72 Acres
Price / SF$246.88
Days on Market105
Property Features for 660 Mauer Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A1
Bedrooms
5
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Laundry Room, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Appliances
Free-Standing Gas Oven
Subdivision
Lafayette Place
Elementary school
Northloop
Middle school
Bel Air
High school
Belair
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
L12599900303000
Size
1,600 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 LAFAYETTE PLACE 29 (0.483 AC) & E 1/2 OF 28
Tax Annual Amount
6244
Legal Description
3 LAFAYETTE PLACE 29 (0.483 AC) & E 1/2 OF 28
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Evaporative Cooling
Building Details
Year built
1967
Floors in Building
1
Architectural style
Other
Listing Agency:
Cardon Real Estate
(915) 593-8484
Listed By:
Fernie Jaquez
(915) 740-8847
Added: May 14
Changed: Aug 26
Last Checked: Aug 26 at 5:06PM
MLS# 943992
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.
Located at 660 Mauer Road in El Paso, this A1-zoned property contains five dwellings across 0.72 acres. The housing mix includes a 1,600-square-foot house with three bedrooms and one bathroom, a second house with two bedrooms and one bathroom, plus three mobile homes configured with two bedrooms and one bathroom each.
The property was built in 1967 and is served by public sewer. Heating is provided by forced air and natural gas, while cooling is evaporative. A free-standing gas oven is included. The site is located six blocks from Bel Air High School. The storage shed does not convey.
The property was built in 1967 and is served by public sewer. Heating is provided by forced air and natural gas, while cooling is evaporative. A free-standing gas oven is included. The site is located six blocks from Bel Air High School. The storage shed does not convey.
Key Highlights
- Five dwellings on 0.72 acres
- Housing mix includes one 3‑bedroom house, one 2‑bedroom house, and three 2‑bedroom mobile homes
- 1,600 square feet of property size
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
$13,343
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
3.38%
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%
$266,860
$266.9K
Cap Rate 7%
$190,614
$190.6K
Cap Rate 9%
$148,256
$148.3K
Market Conditions
NOI Build-Up for 1,600 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
$25.5K $15.96/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$24.3K $15.16/SF
− OpEx
−$10.9K −$6.82/SF
NOI
$13.3K $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%
$266,860
Cap Rate 7%
$190,614
Cap Rate 9%
$148,256
Alternative Uses
Best Use
Apartment 5plus
$190.6K
$166.8K – $222.4K
NOI $13,343 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.4K
$351.2K – $468.3K
NOI $28,098 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Residential income property with mixed housing types, public sewer, and access to natural-gas heating.
Where is this mobile home & rv park located?
The property is located at 660 Mauer Road El Paso, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Five dwellings on 0.72 acres; Housing mix includes one 3‑bedroom house, one 2‑bedroom house, and three 2‑bedroom mobile homes; 1,600 square feet of property size
