Four-Building
For Sale
$410,000
151 N Pendell Road, El Paso, TX 79905
MULTI_FAMILY - El Paso, TX
Property Size3,274 SF
Lot Size0.57 Acres
Price / SF$125.23
Days on Market177
Property Features for 151 N Pendell Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R1
Appliances
Washer Hookup, Free-Standing Gas Oven
Subdivision
Collingsworth
Elementary school
Cooley
Middle school
Henderson
High school
Jefferson
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
357322
Size
3,274 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
C COLLINGSWORTH N 86.17 FT OF 6 (24620.11 SQ FT)
Tax Annual Amount
10834
Legal Description
C COLLINGSWORTH N 86.17 FT OF 6 (24620.11 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Evaporative Cooling
Building Details
Year built
1949
Number of units
4
Flooring type
Tile
Building materials
Adobe
Roof type
Shingle, Flat
Additional Structures
Packing Shed
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Varonica Christina Alexander · License #0747574
(915) 226-9868
Added: Mar 6
Changed: Aug 12
Last Checked: Aug 30 at 1:06PM
MLS# 939505
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 quadplex includes 4 stand-alone, one-story detached buildings. Building sizes are listed as 720 SF, 1080 SF, 720 SF, and 754 SF, for a total property size of 3,274 SF. The buildings are constructed with adobe and feature tile flooring. Heating is provided via central heating. Cooling includes window unit(s) and evaporative cooling. The roof is described as flat and shingle, and sewer service is public sewer. Washer hookups and a free-standing gas oven are included.
The property is located at 151 N Pendell Road in El Paso, TX 79905. The units are described as being near Texas Tech and close to I-10.
Zoned R1, the site sits on a 0.57-acre lot and is comprised of the four separate buildings noted above.
The property is located at 151 N Pendell Road in El Paso, TX 79905. The units are described as being near Texas Tech and close to I-10.
Zoned R1, the site sits on a 0.57-acre lot and is comprised of the four separate buildings noted above.
Key Highlights
- Four stand‑alone one‑story detached buildings totaling 3,274 SF: 720 SF, 1080 SF, 720 SF, 754 SF
- 0.57‑acre lot
- Zoned R1
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
$29,601
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
7.22%
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%
$592,020
$592.0K
Cap Rate 7%
$422,871
$422.9K
Cap Rate 9%
$328,900
$328.9K
Market Conditions
NOI Build-Up for 3,274 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
$44.4K $13.56/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$42.3K $12.92/SF
− OpEx
−$12.7K −$3.87/SF
NOI
$29.6K $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%
$592,020
Cap Rate 7%
$422,871
Cap Rate 9%
$328,900
Alternative Uses
Best Use
Multifamily LT 5
$422.9K
$370.0K – $493.4K
NOI $29,601 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$390.0K
$341.3K – $455.0K
NOI $27,302 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$821.4K
$718.7K – $958.3K
NOI $57,496 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
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 - R1-zoned quadplex with four one-story detached buildings, central heating, and public sewer on 0.57 acres.
Where is this quadplex located?
The property is located at 151 N Pendell Road El Paso, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Four stand‑alone one‑story detached buildings totaling 3,274 SF: 720 SF, 1080 SF, 720 SF, 754 SF; 0.57‑acre lot; Zoned R1
