Multifamily Fixer-Upper
For Sale
$265,000
1360 Aleli Road, San Elizario, TX 79849
Three-home residential income property is available for sale as-is, with two remaining month-to-month tenants.
Property Size1,316 SF
Price / SF$201.37
Days on Market422
Property Features for 1360 Aleli Road
General Information
Standard status
Active
Size
1,316 SF
Property subtype
Multi-Family / House Plus Unit(s)
Taxes and HOA fees
Annual Taxes
$5,318
Amenities
Yes
See Remarks
.00
Flat
Building Details
Year Built
2008
Listing Agency:
Cornerstone Realty
Listed By:
Ginesa R R. Snelling · License #0688730
(915) 525-7966
Source:
Compass
Added: Jul 14, 2025
Changed: Aug 8
Last Checked: Jul 23 at 7:47AM
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 Cornerstone Realty
Investment Insights
Based on property information with market context.
This is a fixer-upper multifamily residential income property with a total of three homes. One home has been split into three separately rented units. At the time of listing, two tenants remain and are on month-to-month terms. The property is being sold as-is.
The property is located at 1360 Aleli Road in San Elizario, Texas.
Prospective buyers should review the current unit configuration and on-site condition, including the split arrangement, as the property is offered without repairs or improvements.
The property is located at 1360 Aleli Road in San Elizario, Texas.
Prospective buyers should review the current unit configuration and on-site condition, including the split arrangement, as the property is offered without repairs or improvements.
Key Highlights
- Three‑home residential income property in San Elizario, TX, sold as‑is
- One home has been split into 3 units and rented individually
- Two remaining tenants are month‑to‑month
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
$10,010
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
3.78%
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%
$200,200
$200.2K
Cap Rate 7%
$143,000
$143.0K
Cap Rate 9%
$111,222
$111.2K
Market Conditions
NOI Build-Up for 1,316 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
$19.4K $14.76/SF
− Vacancy
−$1.2K −$0.93/SF
EGI
$18.2K $13.83/SF
− OpEx
−$8.2K −$6.22/SF
NOI
$10.0K $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 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%
$200,200
Cap Rate 7%
$143,000
Cap Rate 9%
$111,222
Alternative Uses
Best Use
Apartment 5plus
$143.0K
$125.1K – $166.8K
NOI $10,010 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.8K
$208.1K – $277.5K
NOI $16,648 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 79849, TX
14,310
Population
4,182
Households
3.4
Avg Household Size
31
Median Age
5%
College-Educated
60%
High-School Grad
13.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$45,067
Median Household Income
$26,216
Median Earnings
$878
Median Rent
$104,200
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?
Apartment building - Three-home residential income property is available for sale as-is, with two remaining month-to-month tenants.
Where is this apartment building located?
The property is located at 1360 Aleli Road San Elizario, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three‑home residential income property in San Elizario, TX, sold as‑is; One home has been split into 3 units and rented individually; Two remaining tenants are month‑to‑month
