Mixed-Use Property with
For Sale
$450,000
1003 WYOMING Avenue, El Paso, TX 79902
Residential Income, El Paso, TX
Property Size2,952 SF
Lot Size0.10 Acres
Price / SF$152.44
Days on Market74
Property Features for 1003 WYOMING Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C4
Appliances
Water Heater, Washer Hookup, Free-Standing Gas Oven, Disposal, Dishwasher
Subdivision
Franklin Heights
Elementary school
Mesita
Middle school
Wiggs
High school
Elpaso
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
F60799900804600
Size
2,952 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
8 FRANKLIN HEIGHTS 19 & W 1/2 OF 20
Tax Annual Amount
5078
Legal Description
8 FRANKLIN HEIGHTS 19 & W 1/2 OF 20
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Multi Units, Ceiling Fan(s)
Amenities
refrigerated a/c
tankless water heater
stainless steel appliances
plum trees
orange trees
fruiting olive trees
Building Details
Year built
1926
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Lynn Westbrook · License #0637280
(253) 576-5402
Added: Jul 29
Changed: Oct 6
Last Checked: Oct 10 at 8:06AM
MLS# 948458
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 2,952-square-foot property combines a five-bedroom primary residence with an adjoining office or accessory dwelling unit that has its own entrance. Built in 1926, the brick structure includes three refrigerated air-conditioning units, a tankless water heater, stainless steel appliances, and original architectural details alongside updates. The 0.1-acre parcel is served by public sewer and has a shingle roof.
The property is near downtown El Paso and within walking distance of Acca restaurant. Its zoning is C4.
The property is near downtown El Paso and within walking distance of Acca restaurant. Its zoning is C4.
Key Highlights
- 2,952 square feet on a 0.1‑acre parcel
- Five‑bedroom primary residence with adjoining office or ADU and separate entrance
- C4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,070
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,400
$701.4K
Cap Rate 7%
$501,000
$501.0K
Cap Rate 9%
$389,667
$389.7K
Market Conditions
NOI Build-Up for 2,952 SF
Gross rent
$63.8K $21.60/SF
− Vacancy
−$7.7K −$2.59/SF
EGI
$56.1K $19.01/SF
− OpEx
−$21.0K −$7.13/SF
NOI
$35.1K $11.88/SF
Area
El Paso, TX
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,400
Cap Rate 7%
$501,000
Cap Rate 9%
$389,667
Alternative Uses
Best Use
Mixed Use
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 7.79%
Second Best
Multifamily LT 5
$381.3K
$333.6K – $444.8K
NOI $26,689 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$740.6K
$648.0K – $864.0K
NOI $51,841 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,701
Businesses Nearby
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate-entry office or accessory dwelling unit adjoins the five-bedroom residence and is supported by C4 zoning.
Where is this mixed-use property located?
The property is located at 1003 WYOMING Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,952 square feet on a 0.1‑acre parcel; Five‑bedroom primary residence with adjoining office or ADU and separate entrance; C4 zoning
