Fully Remodeled 6-Unit
For Sale
$399,500
2219 MAGOFFIN Avenue, El Paso, TX 79901
MULTI_FAMILY - El Paso, TX
Property Size3,197 SF
Lot Size0.10 Acres
Price / SF$124.96
Days on Market11
Property Features for 2219 MAGOFFIN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C4
Parking features
On Street
Appliances
Refrigerator, Microwave, Free-Standing Gas Oven
Subdivision
Bassett
Elementary school
Douglass
Middle school
Guillen
High school
Bowie
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
B20299903408600
Size
3,197 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
34 BASSETT 26 & W 1/2 OF 27 (4500.00 SQ FT)
Tax Annual Amount
6073
Legal Description
34 BASSETT 26 & W 1/2 OF 27 (4500.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Multi Units, Evaporative Cooling
Building Details
Year built
1912
Number of units
6
Flooring type
Vinyl
Building materials
Stucco
Roof type
Flat
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Liliana Quevedo Sutcliffe
(915) 355-3586
Added: Jul 22
Changed: Jul 29
Last Checked: Aug 1 at 7:06AM
MLS# 948077
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 fully remodeled 6-unit multifamily property is being offered for sale as an income-producing asset with all six units currently leased. The units have been updated with modern finishes and include energy-efficient mini-split heating and refrigerated air systems.
Located at 2219 Magoffin Avenue in El Paso, the property is described as being in the historic Magoffin neighborhood, minutes from Downtown El Paso, UTEP, hospitals, and the Medical Center, with proximity to shopping, dining, entertainment, and the international bridges. The property is zoned C4.
With its six updated, leased units and energy-efficient climate systems already in place, the building presents a straightforward multifamily configuration for an owner seeking current occupancy at the time of purchase.
Located at 2219 Magoffin Avenue in El Paso, the property is described as being in the historic Magoffin neighborhood, minutes from Downtown El Paso, UTEP, hospitals, and the Medical Center, with proximity to shopping, dining, entertainment, and the international bridges. The property is zoned C4.
With its six updated, leased units and energy-efficient climate systems already in place, the building presents a straightforward multifamily configuration for an owner seeking current occupancy at the time of purchase.
Key Highlights
- 6‑unit multifamily property with all six units currently leased
- Year built 1912 with stucco construction and flat roof
- Heating includes forced air; cooling includes multi‑unit cooling and evaporative cooling
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 | $51.0k | $15.96 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $48.5k | $15.16 |
| − OpEx | −$21.8k | −$6.82 |
| NOI | $26.7k | $8.34 |
3,197 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$380.9K
$333.3K – $444.3K
NOI $26,660 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.1K
$701.8K – $935.7K
NOI $56,144 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,021
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled 6-unit apartment property with all units leased and energy-efficient mini-split heating and refrigerated air.
Where is this apartment building located?
The property is located at 2219 MAGOFFIN Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 6‑unit multifamily property with all six units currently leased; Year built 1912 with stucco construction and flat roof; Heating includes forced air; cooling includes multi‑unit cooling and evaporative cooling
