El Paso, TX 79902, El Paso, TX 79902
MULTI_FAMILY - El Paso, TX
- Added:
- Apr 11, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 8 at 11:06 pm
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M3
- Parking features
- Secured
- Appliances
- Free-Standing Gas Oven
- Standard status
- Active
- APN
- A46299904107700
- Size
- 2,396 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 41 ALEXANDER 18 & S 1/2 OF 17 (HOMESITE) (2318 SQ FT)
- Tax Annual Amount
- 5847
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s), Evaporative Cooling
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Laminate, Hardwood, Tile - Ceramic
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jackie Stevens (915) 630-4441
Listing office REAL Broker LLC 2626 Cole Ave. Ste. 300, Dallas, TX (855) 450-0442
Listing date Apr 11, 2026
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
- Income‑generating multi‑family property in the historic district of El Paso (79902).
- Each unit features a fully equipped kitchen, dedicated laundry room, and fireplace.
- Versatile basement can be used as a rental space for additional income.
- Located a short distance from the university, ideal for student or long‑term tenants.
- Property size is 2,300 square feet with brick construction and secured parking.
- Central heating and cooling provided (Central Air, Ceiling Fan(s), Evaporative Cooling).
Overview
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 | $32.5k | $13.56 |
| − Vacancy | −$1.5k | −$0.64 |
| EGI | $30.9k | $12.92 |
| − OpEx | −$9.3k | −$3.87 |
| NOI | $21.7k | $9.04 |
Alternative Uses
Current Use by Public Records
Map
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.497
- Latitude
- 31.784
