Six-Unit Apartment
For Sale
$330,000
344 BUENA VISTA Street, El Paso, TX 79905
Residential Income, El Paso, TX
Property Size2,135 SF
Lot Size0.34 Acres
Price / SF$154.57
Days on Market548
Property Features for 344 BUENA VISTA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Parking features
On Street
Appliances
Washer Hookup
Subdivision
Clardy
Elementary school
Cooley
Middle school
Ross
High school
Jefferson
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
C61999900104400
Size
2,135 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1 CLARDY #1 LOT 42
Tax Annual Amount
4997
Legal Description
1 CLARDY #1 LOT 42
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Varies by Unit, Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1944
Number of units
6
Building materials
Stucco
Roof type
Composition, Shingle
Listing Agency:
Cap Rate Real Estate Group
(915) 443-8859
Listed By:
Cristian Anibal Olague · License #0737250
(915) 345-4379
Added: Mar 3, 2025
Changed: Aug 26
Last Checked: Sep 2 at 2:06PM
MLS# 918037
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 six-unit apartment property contains a mix of three studio apartments, two one-bedroom units, and one two-bedroom residence. The building provides 2,135 square feet on a 0.34-acre parcel and is described as fully leased. Built in 1944, the property has stucco construction, composition and shingle roofing, and public sewer service.
Apartment features include washer hookups, wall-furnace heating, and cooling that varies by unit, including window units and ceiling fans. Parking is provided on the street. The property is located at 344 Buena Vista Street in El Paso, Texas, within the 79905 postal area and under R4 zoning.
Apartment features include washer hookups, wall-furnace heating, and cooling that varies by unit, including window units and ceiling fans. Parking is provided on the street. The property is located at 344 Buena Vista Street in El Paso, Texas, within the 79905 postal area and under R4 zoning.
Key Highlights
- Six‑unit apartment property with three studios, two one‑bedroom units, and one two‑bedroom unit
- 2,135 square feet on a 0.34‑acre parcel
- Fully leased property
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
$17,804
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
5.40%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
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?
Apartment building - R4-zoned multifamily property with varied floor plans and on-street parking.
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 apartment property with three studios, two one‑bedroom units, and one two‑bedroom unit; 2,135 square feet on a 0.34‑acre parcel; Fully leased property
