Six-Unit Apartment
For Sale
$330,000
344 Buena Vista Street, El Paso, TX 79905
Unit mix includes studio, one-bedroom, and two-bedroom apartments.
Property Size2,135 SF
Price / SF$154.57
Days on Market751
Property Features for 344 Buena Vista Street
General Information
Standard status
Active
Size
2,135 SF
Property subtype
Multi-Family / House Plus Unit(s)
Zoning
R4
Occupancy
100%
Units
Unit Mix
3 x studio, 2 x 1BR, 1 x 2BR
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$4,997
Amenities
Yes
Washer Hookup
.00
Composition, Shingle
Building Details
Year Built
1944
Listing Agency:
Cap Rate Real Estate Group
Listed By:
Cristian Anibal Olague · License #0737250
(915) 345-4379
Source:
Compass
Added: Sep 30, 2024
Changed: Oct 19
Last Checked: Oct 19 at 9:00AM
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 Cap Rate Real Estate Group
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Investment Insights
Based on property information with market context.
This apartment building contains six units with a varied residential configuration: three studios, two one-bedroom apartments, and one two-bedroom apartment. The property is fully leased and includes washer hookups. Exterior construction features composition shingle roofing, and the building was completed in 1944.
Located at 344 Buena Vista Street in El Paso, Texas, the property carries R4 zoning. The 2,135-square-foot building offers a compact multifamily format with multiple unit types within one asset.
Located at 344 Buena Vista Street in El Paso, Texas, the property carries R4 zoning. The 2,135-square-foot building offers a compact multifamily format with multiple unit types within one asset.
Key Highlights
- Six‑unit multifamily property with three studios, two 1‑bedroom units, and one 2‑bedroom unit
- 2,135 square feet of property size
- Fully leased configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,804
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,080
$356.1K
Cap Rate 7%
$254,343
$254.3K
Cap Rate 9%
$197,822
$197.8K
Market Conditions
NOI Build-Up for 2,135 SF
Gross rent
$34.1K $15.96/SF
− Vacancy
−$1.7K −$0.80/SF
EGI
$32.4K $15.16/SF
− OpEx
−$14.6K −$6.82/SF
NOI
$17.8K $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 Rate 5%
$356,080
Cap Rate 7%
$254,343
Cap Rate 9%
$197,822
Alternative Uses
Best Use
Apartment 5plus
$254.3K
$222.6K – $296.7K
NOI $17,804 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$535.6K
$468.7K – $624.9K
NOI $37,494 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes studio, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 344 Buena Vista Street El Paso, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Six‑unit multifamily property with three studios, two 1‑bedroom units, and one 2‑bedroom unit; 2,135 square feet of property size; Fully leased configuration
