Four-Unit Residential Income
For Sale
$550,000
1107 Myrtle Avenue Unit AD, El Paso, TX 79901
Quadplex in El Paso with modern appliance packages and C4 zoning.
Property Size2,304 SF
Price / SF$238.72
Days on Market487
Property Features for 1107 Myrtle Avenue Unit AD
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family / Quadruplex
Zoning
C4
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$1,544
Amenities
Yes
Washer, Refrigerator, Microwave, Free-Standing Gas Oven, Dryer
.00
Pitched, Shingle
Building Details
Year Built
2024
Listing Agency:
Keller Williams Realty
(915) 328-9799
Listed By:
Alejandro Gamboa · License #0724905
Source:
Compass
Added: May 3, 2025
Changed: Aug 30
Last Checked: Aug 31 at 9:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property at 1107 Myrtle Avenue in El Paso provides 2,304 square feet across a quadplex configuration. The property includes washer, refrigerator, microwave, free-standing gas oven, and dryer appliances, supporting practical residential functionality. A pitched shingle roof is also among the documented improvements.
The property is identified within the C4 zoning designation and is located at 1107 Myrtle Avenue, Unit AD, El Paso, TX 79901. Its central El Paso setting places the asset within an urban environment surrounded by businesses and cultural destinations, as described in the property information.
The property is identified within the C4 zoning designation and is located at 1107 Myrtle Avenue, Unit AD, El Paso, TX 79901. Its central El Paso setting places the asset within an urban environment surrounded by businesses and cultural destinations, as described in the property information.
Key Highlights
- Quadplex configuration with four residential units
- 2,304 square feet of residential property
- C4 zoning designation
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex in El Paso with modern appliance packages and C4 zoning.
Where is this quadplex located?
The property is located at 1107 Myrtle Avenue Unit AD 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: Quadplex configuration with four residential units; 2,304 square feet of residential property; C4 zoning designation
