Four-Unit Quadplex
1646 Rick Rhodes Drive El Paso, TX 79936
For Sale
$425,000
Well-maintained quadplex with four identical units, private entrances, and a currently vacant unit.
Property Size2,916 SF
Price / SF$145.75
Days on Market164
Property Features for 1646 Rick Rhodes Drive
General Information
- Standard status
- Active
- Size
- 2,916 SF
- Property subtype
- Multi-Family / Quadruplex
Building Details
- Year Built
- 1984
Listing Agency:
Century 21 The Edge
(915) 474-4289
Listed By:
Isabel Veronica Chacon · License #0572552
Source:
Compass
Added: Feb 10
Changed: Jul 23
Last Checked: Jul 23 at 2:02PM
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 Century 21 The Edge
Investment Insights
Based on property information with market context.
This well-maintained quadplex features four identical units, each with a private entrance. Two of the rear units include spacious backyards and storage sheds, adding practical outdoor and storage value for residents.
The property is offered for sale as an investment opportunity and is currently generating $2,150 per month, with one unit vacant. This configuration can support an owner-occupant setup while also providing the option to stabilize or increase rental income as the vacant unit is filled.
A flexible four-unit layout and consistent unit design make the building straightforward to manage, with outdoor and storage improvements focused on the rear units. Please review the property details and rent roll information for specifics on the current occupancy.
The property is offered for sale as an investment opportunity and is currently generating $2,150 per month, with one unit vacant. This configuration can support an owner-occupant setup while also providing the option to stabilize or increase rental income as the vacant unit is filled.
A flexible four-unit layout and consistent unit design make the building straightforward to manage, with outdoor and storage improvements focused on the rear units. Please review the property details and rent roll information for specifics on the current occupancy.
Key Highlights
- Well‑maintained quadruplex built in 1984 with four identical units, each with a private entrance
- Two rear units include spacious backyards and storage sheds
- Currently generates $2,150/month total rent with one unit vacant
Financial Insights For Multifamily LT 5
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 | $52.5k | $18.00 |
| − Vacancy | −$2.3k | −$0.79 |
| EGI | $50.2k | $17.21 |
| − OpEx | −$15.1k | −$5.16 |
| NOI | $35.1k | $12.05 |
2,916 SF · lease $18.00/SF/yr · vacancy 4.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.9K
$439.2K – $585.6K
NOI $35,136 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$445.9K
$390.2K – $520.2K
NOI $31,213 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$616.9K
$539.8K – $719.8K
NOI $43,185 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained quadplex with four identical units, private entrances, and a currently vacant unit.
Where is this quadplex located?
The property is located at 1646 Rick Rhodes Drive El Paso, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Well‑maintained quadruplex built in 1984 with four identical units, each with a private entrance; Two rear units include spacious backyards and storage sheds; Currently generates $2,150/month total rent with one unit vacant
