Historic Multifamily Apartment
1207 E RIO GRANDE Avenue El Paso, TX 79902
1207 E RIO GRANDE Avenue, El Paso, TX, 79902
$305,000
For Sale
$305,000
MULTI_FAMILY - El Paso, TX
Property Size3,186 SF
Lot Size0.24 Acres
Price / SF$95.73
Days on Market27
Property Features for 1207 E RIO GRANDE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A2
- Parking
- 5
- Standard status
- Active
- APN
- F60799908307800.
- Size
- 3,186 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 83 FRANKLIN HEIGHTS 11 & 12 & W 1/2 OF 13 (10500 SQ FT)
- Tax Annual Amount
- 7794
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1901
- Number of units
- 5
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Composition
- Additional Structures
- Outbuilding
Listing Agency
Keller Williams Realty
(915) 603-5293
12040 Tierra Este suite B206, El Paso, TX
Listed by
Allison M Dillard · License #0664018
(915) 799-9708
Added: Jun 22 Checked: Jul 18 at 8:06 am
MLS# 946286
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 historic, 1900s home has been converted into fully rented apartments, with conversion dated prior to 1977. The property is offered with a storage building and shed, and off-street parking is accessed through the back alley. Some TLC is needed, and inspection reports are available for review.
The site is zoned A2. It is located at 1207 E Rio Grande Avenue in El Paso, TX 79902, on a 0.24-acre lot with 3,186 square feet of property size.
For buyers or operators seeking a turn-key occupied multifamily configuration, the current in-place rental situation is reflected in the stated $3,100 per month rental income. Back-alley parking supports tenant convenience, while the included storage structures can help support day-to-day resident needs. Prospective buyers can request access through their agent to review the inspection reports and any available 3D tours.
The site is zoned A2. It is located at 1207 E Rio Grande Avenue in El Paso, TX 79902, on a 0.24-acre lot with 3,186 square feet of property size.
For buyers or operators seeking a turn-key occupied multifamily configuration, the current in-place rental situation is reflected in the stated $3,100 per month rental income. Back-alley parking supports tenant convenience, while the included storage structures can help support day-to-day resident needs. Prospective buyers can request access through their agent to review the inspection reports and any available 3D tours.
Key Highlights
- 1901 home converted to fully rented apartments prior to 1977
- Rental income of $3,100 per month reported by owner
- Brick construction with tile and hardwood flooring
Local Financial Insights For Apartment 5plus
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 | $50.8k | $15.96 |
| − Vacancy | −$2.5k | −$0.80 |
| EGI | $48.3k | $15.16 |
| − OpEx | −$21.7k | −$6.82 |
| NOI | $26.6k | $8.34 |
3,186 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$379.5K
$332.1K – $442.8K
NOI $26,568 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,951 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully rented apartment property with back-alley off-street parking and additional storage structures.
Where is this apartment building located?
The property is located at 1207 E RIO GRANDE Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1901 home converted to fully rented apartments prior to 1977; Rental income of $3,100 per month reported by owner; Brick construction with tile and hardwood flooring
