El Paso Multi-Family
For Sale
$310,000
1100 N Florence Street, El Paso, TX 79902
Residential Income, El Paso, TX
Property Size1,844 SF
Lot Size0.10 Acres
Price / SF$168.11
Days on Market286
Property Features for 1100 N Florence Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1
Appliances
Refrigerator, Free-Standing Gas Oven
Subdivision
Alexander
Elementary school
Lamar
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
A46299900606100 and A46299900606101
Size
1,844 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6 ALEXANDER S 40 FT OF 11 TO 14 (HOMESITE) (1968 SQ FT) and6 ALEXANDER S 40 FT OF 11 TO 14 (2192 SQ FT)
Tax Annual Amount
6883
Legal Description
6 ALEXANDER S 40 FT OF 11 TO 14 (HOMESITE) (1968 SQ FT) and6 ALEXANDER S 40 FT OF 11 TO 14 (2192 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air
Cooling system
Window Unit(s), Evaporative Cooling, Ceiling Fan(s)
Building Details
Year built
1925
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
Dalton Wade, Inc.
(727) 888-4175
Listed By:
Gabriel Sosa
(915) 487-0589
Added: Nov 17, 2025
Changed: Aug 26
Last Checked: Aug 30 at 9:06AM
MLS# 933869
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 multi-family property is located in El Paso, Texas. The property has a size of 1844 square feet and sits on a lot of approximately 0.1 acres. It is zoned R1 and is currently listed for sale. The property is classified as a triplex and residential income property.
Key Highlights
- Brick construction
- Heating includes wall furnace and forced air
- Cooling options: window unit(s), evaporative cooling, and ceiling fan(s)
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
$16,672
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
5.38%
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%
$333,440
$333.4K
Cap Rate 7%
$238,171
$238.2K
Cap Rate 9%
$185,244
$185.2K
Market Conditions
NOI Build-Up for 1,844 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
$25.0K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$23.8K $12.92/SF
− OpEx
−$7.1K −$3.87/SF
NOI
$16.7K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
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%
$333,440
Cap Rate 7%
$238,171
Cap Rate 9%
$185,244
Alternative Uses
Best Use
Multifamily LT 5
$238.2K
$208.4K – $277.9K
NOI $16,672 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$219.7K
$192.2K – $256.3K
NOI $15,377 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$462.6K
$404.8K – $539.7K
NOI $32,383 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,918
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
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?
Triplex - Multi-family property in El Paso, Texas, with 1844 square feet.
Where is this triplex located?
The property is located at 1100 N Florence Street El Paso, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Brick construction; Heating includes wall furnace and forced air; Cooling options: window unit(s), evaporative cooling, and ceiling fan(s)
