Remodeled Quadplex with Separate
For Sale
$410,000
3219 E MISSOURI Avenue, El Paso, TX 79903
Residential Income, El Paso, TX
Property Size3,400 SF
Lot Size0.16 Acres
Price / SF$120.59
Days on Market13
Property Features for 3219 E MISSOURI Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Parking
6
Parking features
On Street
Appliances
Water Heater, Washer Hookup, Refrigerator, Range Hood, Gas Cooktop, Free-Standing Gas Oven, Disposal, Cooktop
Subdivision
East El Paso
Elementary school
Coldwell
Middle school
Henderson
High school
Jefferson
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
E01499906803400
Size
3,400 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
68 EAST EL PASO 16 & 17 (7000 SQ FT)
Tax Annual Amount
9265
Legal Description
68 EAST EL PASO 16 & 17 (7000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Varies by Unit
Building Details
Year built
1920
Number of units
4
Flooring type
Tile, Laminate
Building materials
Block, Stucco
Roof type
Shingle, Flat
Listing Agency:
Revolve Realty, LLC
(915) 500-9549
Listed By:
Carmen Sarahi Lazar · License #0744400
(915) 252-0976
Added: Aug 18
Changed: Aug 23
Last Checked: Aug 30 at 7:06AM
MLS# 949885
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 quadplex property includes a primary house and separate residential units arranged in functional layouts. The improvements were remodeled in 2023 and provide 3400 square feet across a 0.16-acre lot. Interior finishes include tile and laminate flooring, while construction features block and stucco materials. Kitchens are equipped with gas cooking appliances, refrigerators, range hoods, disposals, and washer hookups. Heating is central, with cooling varying by unit.
The property is located at 3219 E MISSOURI Avenue in El Paso, within the 79903 postal area. R5 zoning, public sewer service, and on-street parking are in place. The roof systems include shingle and flat sections, and the original construction dates to 1920.
The property is located at 3219 E MISSOURI Avenue in El Paso, within the 79903 postal area. R5 zoning, public sewer service, and on-street parking are in place. The roof systems include shingle and flat sections, and the original construction dates to 1920.
Key Highlights
- Quadplex property with a main house and separate residential units
- Remodeled in 2023
- 3400 square feet on a 0.16‑acre lot
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
$30,740
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
7.50%
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%
$614,800
$614.8K
Cap Rate 7%
$439,143
$439.1K
Cap Rate 9%
$341,556
$341.6K
Market Conditions
NOI Build-Up for 3,400 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
$46.1K $13.56/SF
− Vacancy
−$2.2K −$0.64/SF
EGI
$43.9K $12.92/SF
− OpEx
−$13.2K −$3.87/SF
NOI
$30.7K $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 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%
$614,800
Cap Rate 7%
$439,143
Cap Rate 9%
$341,556
Alternative Uses
Best Use
Multifamily LT 5
$439.1K
$384.3K – $512.3K
NOI $30,740 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$405.0K
$354.4K – $472.6K
NOI $28,353 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$853.0K
$746.4K – $995.2K
NOI $59,709 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - R5-zoned property with a main residence, separate units, updated interiors, and on-street parking.
Where is this quadplex located?
The property is located at 3219 E MISSOURI Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Quadplex property with a main house and separate residential units; Remodeled in 2023; 3400 square feet on a 0.16‑acre lot
