2701 RED SAILS Drive, El Paso, TX 79936
MULTI_FAMILY - Other - El Paso, TX
- Added:
- Jul 4, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 2701 RED SAILS Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A2
- Bedrooms
- 10
- Bathrooms
- 7
- Rooms
- Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 2, Bedroom 10, Bathroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 7, Bedroom 5, Bathroom 3
- Fireplace
- 1
- 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
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 agent Luis Carlos Perez License #0621751 (915) 525-5161
Listing office Center Real Estate 3022 Montana Ave, El Paso, TX (915) 228-3989
Listing date Jul 4, 2026
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.
HighLights
- Brick multifamily property built in 1982 with 7 bedrooms and 4 bathrooms
- Natural gas heating and evaporative cooling
- Includes a fireplace
- Shingle roof
- Connected to public sewer
Overview
The property is located at 2701 Red Sails Drive in El Paso, Texas 79936, and is described as a prime corner-lot location. Zoning is listed as A2.
From an operator’s perspective, the key advantage of this property is its multifamily configuration—allowing flexibility to collect rent from more than one unit while potentially occupying one unit yourself. If you’re looking for a smaller-scale residential income asset with a corner-lot siting and an A2 zoning designation, this could be worth reviewing for your underwriting and unit-by-unit plan.
Local 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 | $86.4k | $20.40 |
| − Vacancy | −$4.0k | −$0.94 |
| EGI | $82.4k | $19.46 |
| − OpEx | −$37.1k | −$8.76 |
| NOI | $45.3k | $10.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.312686
- Latitude
- 31.780444
