Historic 8-Unit Multifamily
Missouri Avenue Unit 1 2 3 4 El Paso, TX 79901
Missouri Avenue Unit 1 2 3 4, El Paso, TX, 79901
$589,900
For Sale
$589,900
Historic 8-unit building with shared washer and dryer amenities, including six studios and two one-bedroom units.
Property Size4,158 SF
Price / SF$141.87
Days on Market199
Property Features for Missouri Avenue Unit 1 2 3 4
General Information
- Standard status
- Active
- Size
- 4,158 SF
- Property subtype
- General Commercial
Listing agency
COLDWELL BANKER JAMES C OTTON RE INC-STONE HARBOR
(609) 368-2000
Listed by
GEORGE DELOLLIS · License #7936914
Source
Xome
Added: Jan 4 Updated: Jul 22 at 5:16AM Checked: Jul 22 at 5:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER JAMES C OTTON RE INC-STONE HARBOR
Investment Insights
Based on property information with market context.
Historic 8-unit multi-family property offers 4,158 square feet of residential income space, configured with six studio apartments and two one-bedroom units. Shared washer and dryer amenities are available on site.
The property is located in the San Francisco Historic District with access to downtown El Paso area destinations, including UTEP, major hospitals, Southwest University Park, I-10, and two international bridges, supporting convenient regional connectivity.
Per the seller, the property will not be shown unless a letter of intent and a pre-approval letter are provided.
The property is located in the San Francisco Historic District with access to downtown El Paso area destinations, including UTEP, major hospitals, Southwest University Park, I-10, and two international bridges, supporting convenient regional connectivity.
Per the seller, the property will not be shown unless a letter of intent and a pre-approval letter are provided.
Key Highlights
- Historic 8‑unit multi‑family property in the San Francisco Historic District
- 4,158 SF building with 6 studio apartments and 2 one‑bedroom units
- Shared washer and dryer amenities
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 | $66.4k | $15.96 |
| − Vacancy | −$3.3k | −$0.80 |
| EGI | $63.0k | $15.16 |
| − OpEx | −$28.4k | −$6.82 |
| NOI | $34.7k | $8.34 |
4,158 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,674 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.8K – $1.22M
NOI $73,020 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Historic 8-unit building with shared washer and dryer amenities, including six studios and two one-bedroom units.
Where is this apartment building located?
The property is located at Missouri Avenue Unit 1 2 3 4 El Paso, TX.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Historic 8‑unit multi‑family property in the San Francisco Historic District; 4,158 SF building with 6 studio apartments and 2 one‑bedroom units; Shared washer and dryer amenities
