8-Unit Apartment
For Sale
$625,000
114 NW Davis Street, Fabens, TX 79838
Residential Income, Fabens, TX
Property Size6,300 SF
Lot Size0.23 Acres
Price / SF$99.21
Days on Market48
Property Features for 114 NW Davis Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C1
Parking features
Assigned
Appliances
Refrigerator, Range Hood, Gas Cooktop
Subdivision
Fabens
Elementary school
Fabens
Middle school
Fabens
High school
Fabens
Elementary school district
Fabens
Middle school district
Fabens
High school district
Fabens
Standard status
Active
APN
F08200002100800
Size
6,300 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 FABENS 8 TO 10
Tax Annual Amount
7716
Legal Description
21 FABENS 8 TO 10
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Amenities
Wi-Fi/app-accessible security cameras
coin-operated laundry
Building Details
Year built
2019
Number of units
9
Flooring type
Tile
Building materials
Adobe, Block
Roof type
Shingle, Flat
Additional Structures
Storage
Listing Agency:
Jaimes Realty Inc.
(915) 400-9777
Listed By:
Ramon Jaimes
(915) 892-2114
Added: Sep 3
Changed: Oct 2
Last Checked: Oct 20 at 9:06AM
MLS# 950580
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.
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Investment Insights
Based on property information with market context.
Built in 2019, this 8-unit apartment property contains 6,300 square feet on a 0.23-acre site. The unit mix includes 2 studios, 1 one-bedroom apartment, and 5 two-bedroom apartments. Each residence includes a full kitchen and bath, with refrigerators and cooking equipment provided. Tile flooring, central heating, assigned parking, public sewer, and a combination shingle and flat roof are among the property features. Construction includes adobe and block materials.
The complex is located at 114 NW Davis Street in Fabens, Texas, within El Paso County and the 79838 ZIP code. The property is zoned C1 and is reported to be 100% occupied. Security infrastructure includes 12 Wi-Fi- and app-accessible cameras. A coin-operated laundry area with 2 washers and 2 dryers serves the property, while water is paid by the landlord and electricity and gas are paid by tenants.
The complex is located at 114 NW Davis Street in Fabens, Texas, within El Paso County and the 79838 ZIP code. The property is zoned C1 and is reported to be 100% occupied. Security infrastructure includes 12 Wi-Fi- and app-accessible cameras. A coin-operated laundry area with 2 washers and 2 dryers serves the property, while water is paid by the landlord and electricity and gas are paid by tenants.
Key Highlights
- 8‑unit apartment complex with 2 studios, 1 one‑bedroom, and 5 two‑bedroom units
- 6,300 square feet on a 0.23‑acre site
- 100% occupied; residents reported to have stayed 2‑6 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,921
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,420
$958.4K
Cap Rate 7%
$684,586
$684.6K
Cap Rate 9%
$532,456
$532.5K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$93.0K $14.76/SF
− Vacancy
−$5.9K −$0.93/SF
EGI
$87.1K $13.83/SF
− OpEx
−$39.2K −$6.22/SF
NOI
$47.9K $7.61/SF
Area
El Paso County, TX
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,420
Cap Rate 7%
$684,586
Cap Rate 9%
$532,456
Alternative Uses
Best Use
Apartment 5plus
$684.6K
$599.0K – $798.7K
NOI $47,921 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.2K – $1.33M
NOI $79,698 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 79838, TX
7,895
Population
2,217
Households
3.6
Avg Household Size
36
Median Age
10%
College-Educated
61%
High-School Grad
30.8 sq mi
ZIP Area
256
Density / Sq Mi
$43,413
Median Household Income
$25,915
Median Earnings
$645
Median Rent
$89,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment complex with varied unit layouts, on-site laundry, assigned parking, and C1 zoning.
Where is this apartment building located?
The property is located at 114 NW Davis Street Fabens, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 8‑unit apartment complex with 2 studios, 1 one‑bedroom, and 5 two‑bedroom units; 6,300 square feet on a 0.23‑acre site; 100% occupied; residents reported to have stayed 2‑6 years
