El Paso Multifamily Investment
344 BUENA VISTA Street El Paso, TX 79905
344 BUENA VISTA Street, El Paso, TX, 79905
$330,000
For Sale
$330,000
MULTI_FAMILY - El Paso, TX
Property Size2,135 SF
Lot Size0.34 Acres
Price / SF$154.57
Days on Market502
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
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s), Ceiling Fan(s), Varies by Unit
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
1035 Belvidere, Ste. 290, El Paso, TX
Listed by
Cristian Anibal Olague · License #0737250
(915) 345-4379
Added: Mar 3, 2025 Checked: Jul 18 at 7:06 am
MLS# 918037
Listing URL
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 well-positioned 6-unit multifamily property is an exceptional addition to any investment portfolio. The property features a strategic unit mix consisting of three studio apartments, two 1-bedroom units, and one spacious 2-bedroom unit, providing versatility to accommodate various tenant needs while maximizing rental income. This diverse unit configuration allows for risk mitigation through tenant diversification while serving multiple segments of the rental market. The property's thoughtful layout and unit distribution make it an attractive option for tenants seeking different living arrangements, which helps minimize vacancy risks and ensures consistent rental income. The property sits on a 0.34-acre lot and has a property size of 2135 square feet. It is located in El Paso, TX, in the 79905 postal code. The zoning is R4. The area is experiencing notable growth and investment activity. Current market data reveals favorable conditions for property investors, with the median estimated property value in the area showing a 5.6% increase over the past 12 months. This is a fully leased property.
Key Highlights
- 6‑unit multifamily property with a unit mix of three studios, two 1‑bedroom units, and one 2‑bedroom unit
- Built in 1944 with stucco construction
- Roof features composition shingles
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 | $34.1k | $15.96 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $32.4k | $15.16 |
| − OpEx | −$14.6k | −$6.82 |
| NOI | $17.8k | $8.34 |
2,135 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully leased 6-unit multifamily property in a growing El Paso area.
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: 6‑unit multifamily property with a unit mix of three studios, two 1‑bedroom units, and one 2‑bedroom unit; Built in 1944 with stucco construction; Roof features composition shingles
