Brick Quadplex in A2
For Sale
$525,000
2701 RED SAILS Drive, El Paso, TX 79936
MULTI_FAMILY - Other - El Paso, TX
Property Size4,235 SF
Lot Size0.30 Acres
Price / SF$123.97
Days on Market50
Property Features for 2701 RED SAILS Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A2
Bedrooms
10
Bathrooms
7
Full bathrooms
4
Rooms
Bathroom 6, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 10, Bedroom 5, Bathroom 2, Bedroom 9, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 7, Bedroom 4, Bathroom 3
Fireplace
1
Subdivision
East Glen
Lot features
Corner Lot
Elementary school
Glen Cove
Middle school
Indianr
High school
Hanks
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
E05499900605600
Size
4,235 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
6 EAST GLEN #1 S 109.12 FT OF E 120 FT OF 20
Tax Annual Amount
14538
Legal Description
6 EAST GLEN #1 S 109.12 FT OF E 120 FT OF 20
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Year built
1982
Floors in Building
1
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Center Real Estate
(915) 228-3989
Listed By:
Luis Carlos Perez · License #0621751
(915) 525-5161
Added: Jul 4
Changed: Aug 3
Last Checked: Aug 22 at 6:06PM
MLS# 947013
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 brick quadplex at 2701 Red Sails Drive offers a residential income configuration with multiple bedrooms and bathrooms, along with a fireplace. The property was built in 1982 and features a shingle roof, natural gas heating, and evaporative cooling.
Set on a 0.3-acre lot, the home is served by public sewer. The zoning is A2, which may be an important consideration for prospective owners and tenants evaluating allowable use and operating flexibility.
With its mix of indoor living space and established building systems, this quadplex can support a range of residential income strategies consistent with the property’s existing layout and improvements.
Set on a 0.3-acre lot, the home is served by public sewer. The zoning is A2, which may be an important consideration for prospective owners and tenants evaluating allowable use and operating flexibility.
With its mix of indoor living space and established building systems, this quadplex can support a range of residential income strategies consistent with the property’s existing layout and improvements.
Key Highlights
- 0.3‑acre lot
- Built in 1982
- Brick construction with shingle roof
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
$45,331
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
8.63%
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%
$906,620
$906.6K
Cap Rate 7%
$647,586
$647.6K
Cap Rate 9%
$503,678
$503.7K
Market Conditions
NOI Build-Up for 4,235 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
$86.4K $20.40/SF
− Vacancy
−$4.0K −$0.94/SF
EGI
$82.4K $19.46/SF
− OpEx
−$37.1K −$8.76/SF
NOI
$45.3K $10.70/SF
Area
ZIP 79936
Vacancy
4.60%
Lease Rate
$20.40 /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%
$906,620
Cap Rate 7%
$647,586
Cap Rate 9%
$503,678
Alternative Uses
Best Use
Multifamily LT 5
$729.0K
$637.9K – $850.5K
NOI $51,029 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$647.6K
$566.6K – $755.5K
NOI $45,331 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$896.0K
$784.0K – $1.05M
NOI $62,720 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
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?
Quadplex - Brick quadplex on 0.3 acres with natural gas heating, evaporative cooling, and public sewer service.
Where is this quadplex located?
The property is located at 2701 RED SAILS Drive El Paso, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 0.3‑acre lot; Built in 1982; Brick construction with shingle roof
