Apartment Building with Seven Rental
New
For Sale
$450,000
2314 WYOMING Avenue, El Paso, TX 79903
MULTI_FAMILY - El Paso, TX
Property Size3,400 SF
Lot Size0.09 Acres
Price / SF$132.35
Days on Market2
Property Features for 2314 WYOMING Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C4
Parking features
On Street
Appliances
Water Heater, Refrigerator, Range Hood, Gas Cooktop
Subdivision
Cotton
Elementary school
Moreno
Middle school
Armendariz
High school
Austin
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
B20299907702600
Size
3,400 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
77 BASSETT 9 & E 9 FT OF 10 (4080 SQ FT)
Tax Annual Amount
7999
Legal Description
77 BASSETT 9 & E 9 FT OF 10 (4080 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Multi Units
Building Details
Year built
1927
Number of units
7
Building materials
Stucco
Roof type
Shingle
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Randy Solis
(915) 667-6066
Added: Aug 1
Last Checked: Aug 2 at 7:06PM
MLS# 948681
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 apartment building includes a spacious 3-bedroom main residence plus six additional on-site rental units, creating multiple income streams on one property. All rental units have been recently remodeled. The property is reported to be 100% occupied.
Convenient access to I-10 is described as “instant,” with Downtown and UTEP minutes away, and close proximity to shopping, dining, hospitals, and entertainment. Parking is available on street. Construction is listed as stucco with a shingle roof, and utilities/services include public sewer.
For comfort, the property lists a heat pump for heating and multi-unit cooling. The unit amenities shown include a refrigerator, gas cooktop, range hood, and water heater. The property is described as generating $4,800 of monthly rent and an 8.3% cap rate, with the specific cash-flow figures intended for buyer review.
Convenient access to I-10 is described as “instant,” with Downtown and UTEP minutes away, and close proximity to shopping, dining, hospitals, and entertainment. Parking is available on street. Construction is listed as stucco with a shingle roof, and utilities/services include public sewer.
For comfort, the property lists a heat pump for heating and multi-unit cooling. The unit amenities shown include a refrigerator, gas cooktop, range hood, and water heater. The property is described as generating $4,800 of monthly rent and an 8.3% cap rate, with the specific cash-flow figures intended for buyer review.
Key Highlights
- Three‑bedroom main residence plus six additional on‑site rental units
- All rental units recently remodeled
- 100% occupied per the listing details
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 | $54.3k | $15.96 |
| − Vacancy | −$2.7k | −$0.80 |
| EGI | $51.6k | $15.16 |
| − OpEx | −$23.2k | −$6.82 |
| NOI | $28.4k | $8.34 |
3,400 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$405.0K
$354.4K – $472.6K
NOI $28,353 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.0K
$746.4K – $995.2K
NOI $59,709 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,378
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
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 - Apartment building in C4 zoning with a remodeled mix of on-site rental units and a 3-bedroom main residence.
Where is this apartment building located?
The property is located at 2314 WYOMING Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Three‑bedroom main residence plus six additional on‑site rental units; All rental units recently remodeled; 100% occupied per the listing details
