6-Unit Apartment
New
For Sale
$950,000
2731 IDALIA Avenue, El Paso, TX 79930
Residential Income, El Paso, TX
Property Size6,668 SF
Lot Size0.34 Acres
Price / SF$142.47
Days on Market3
Property Features for 2731 IDALIA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Appliances
Cooktop
Subdivision
Grandview
Elementary school
Clendenin
Middle school
Bassett
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
G686999000F0100
Size
6,668 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
F GRANDVIEW 1 TO 5 (15000 SQ FT)
Tax Annual Amount
15512
Legal Description
F GRANDVIEW 1 TO 5 (15000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1955
Number of units
6
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Mixed
Listing Agency:
Innovation Realty
(915) 626-5589
Listed By:
Issa Atiyah
(915) 490-9185
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# 949775
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 multifamily property contains six residential units arranged as one detached house and five apartment units. The improvements provide 6,668 square feet on a 0.34-acre parcel and were built in 1955. Construction includes block and stucco, with ceramic tile flooring, central heating, mixed roofing, and a cooktop. Public sewer serves the property, which is designated R5 zoning.
The property is located on Idalia Avenue in El Paso, with access to I-10 nearby. Schools, shopping, and dining are identified in the surrounding area, providing established neighborhood services close to the site.
The property is located on Idalia Avenue in El Paso, with access to I-10 nearby. Schools, shopping, and dining are identified in the surrounding area, providing established neighborhood services close to the site.
Key Highlights
- Six‑unit configuration with one detached house and five apartment units
- 6,668 square feet of improvements on a 0.34‑acre lot
- R5 zoning designation
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
$55,605
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
5.85%
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%
$1,112,100
$1.1M
Cap Rate 7%
$794,357
$794.4K
Cap Rate 9%
$617,833
$617.8K
Market Conditions
NOI Build-Up for 6,668 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
$106.4K $15.96/SF
− Vacancy
−$5.3K −$0.80/SF
EGI
$101.1K $15.16/SF
− OpEx
−$45.5K −$6.82/SF
NOI
$55.6K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /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%
$1,112,100
Cap Rate 7%
$794,357
Cap Rate 9%
$617,833
Alternative Uses
Best Use
Apartment 5plus
$794.4K
$695.1K – $926.8K
NOI $55,605 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,099 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
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 - Multifamily property with a detached house and five apartment units in a central El Paso setting.
Where is this apartment building located?
The property is located at 2731 IDALIA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Six‑unit configuration with one detached house and five apartment units; 6,668 square feet of improvements on a 0.34‑acre lot; R5 zoning designation
