Four-Unit Residential
For Sale
$365,000
3204 Frankfort Avenue, El Paso, TX 79930
All four apartments are occupied, with two- and three-bedroom layouts across the building.
Property Size3,539 SF
Price / SF$103.14
Days on Market72
Property Features for 3204 Frankfort Avenue
General Information
Standard status
Active
Size
3,539 SF
Property subtype
Multi Family Home
Zoning
R4
Occupancy
100%
Site & Location
Neighborhood
Chivas Town Neighborhood Association
Units
Unit Mix
1 x 3BR/1BA, 3 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,395
Building Details
Building Size
3,539 SF
Year Built
1929
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Cassandra Rosales
(915) 204-2328
Source:
Elpasorealestateco
Added: Aug 20
Changed: Oct 25
Last Checked: Oct 29 at 8:14PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1929, this 3,539-square-foot quadplex contains four apartments: one with three bedrooms and one bathroom, and three with two bedrooms and one bathroom. All four units are occupied, and the property is zoned R4.
The building is in the Altura Park neighborhood at 3204 Frankfort Avenue in El Paso. Austin High School is within walking distance.
The building is in the Altura Park neighborhood at 3204 Frankfort Avenue in El Paso. Austin High School is within walking distance.
Key Highlights
- Four apartments: one 3‑bedroom/1‑bath unit and three 2‑bedroom/1‑bath units
- All units currently rented
- 3,539 square feet; built in 1929
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,997
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,940
$639.9K
Cap Rate 7%
$457,100
$457.1K
Cap Rate 9%
$355,522
$355.5K
Market Conditions
NOI Build-Up for 3,539 SF
Gross rent
$48.0K $13.56/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$45.7K $12.92/SF
− OpEx
−$13.7K −$3.87/SF
NOI
$32.0K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,940
Cap Rate 7%
$457,100
Cap Rate 9%
$355,522
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$421.6K
$368.9K – $491.9K
NOI $29,512 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$887.9K
$776.9K – $1.04M
NOI $62,150 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
381
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with two- and three-bedroom layouts across the building.
Where is this quadplex located?
The property is located at 3204 Frankfort Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Four apartments: one 3‑bedroom/1‑bath unit and three 2‑bedroom/1‑bath units; All units currently rented; 3,539 square feet; built in 1929
