Quadplex with Central
For Sale
$550,000
1107 MYRTLE Avenue, El Paso, TX 79901
Residential Income, El Paso, TX
Property Size2,304 SF
Lot Size0.14 Acres
Price / SF$238.72
Days on Market459
Property Features for 1107 MYRTLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C4
Appliances
Washer, Refrigerator, Microwave, Free-Standing Gas Oven, Dryer
Subdivision
Franklin Heights
Elementary school
Hart
Middle school
Guillen
High school
Bowie
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
F60799901504300
Size
2,304 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
15 FRANKLIN HEIGHTS 19 & 20 (6000 SQ FT)
Tax Annual Amount
1544
Legal Description
15 FRANKLIN HEIGHTS 19 & 20 (6000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2024
Number of units
4
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Alejandro Gamboa
(915) 328-9799
Added: May 29, 2025
Changed: Aug 26
Last Checked: Aug 30 at 1:06PM
MLS# 923426
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 four-unit residential property contains 2,304 square feet on a 0.14-acre parcel at 1107 Myrtle Avenue in El Paso. The building is configured as a quadplex and includes central heating, forced-air heat, central air, and ceiling fans. Appliance packages include washers, dryers, refrigerators, microwaves, and free-standing gas ovens.
The property is located in El Paso County, within the 79901 postal area, and carries C4 zoning. Public sewer service supports the site, while the building has a shingle roof. Its four-unit configuration provides a defined residential income property format for sale.
The property is located in El Paso County, within the 79901 postal area, and carries C4 zoning. Public sewer service supports the site, while the building has a shingle roof. Its four-unit configuration provides a defined residential income property format for sale.
Key Highlights
- Four‑unit quadplex with 2,304 square feet of property area
- 0.14‑acre parcel at 1107 Myrtle Avenue, El Paso, TX 79901
- C4 zoning in El Paso County
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
$20,831
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
3.79%
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%
$416,620
$416.6K
Cap Rate 7%
$297,586
$297.6K
Cap Rate 9%
$231,456
$231.5K
Market Conditions
NOI Build-Up for 2,304 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
$31.2K $13.56/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$29.8K $12.92/SF
− OpEx
−$8.9K −$3.87/SF
NOI
$20.8K $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%
$416,620
Cap Rate 7%
$297,586
Cap Rate 9%
$231,456
Alternative Uses
Best Use
Multifamily LT 5
$297.6K
$260.4K – $347.2K
NOI $20,831 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$274.5K
$240.2K – $320.2K
NOI $19,213 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$578.0K
$505.8K – $674.4K
NOI $40,461 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,795
Businesses Nearby
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
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?
Quadplex - Four-unit residential property with central HVAC, standard appliances, and public sewer service.
Where is this quadplex located?
The property is located at 1107 MYRTLE Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,304 square feet of property area; 0.14‑acre parcel at 1107 Myrtle Avenue, El Paso, TX 79901; C4 zoning in El Paso County
