El Paso Multifamily Investment
344 BUENA VISTA Street, El Paso, TX 79905
MULTI_FAMILY - El Paso, TX
Property size:
2,135 SFLot size:
0.34 AcresPrice / SF:
$154/SF- Added:
- Mar 3, 2025
- Days on Market:
- 456
- Last Refresh:
- Jun 2 at 3:06 pm
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
- 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 agent Cristian Anibal Olague License #0737250 (915) 345-4379
Listing office Cap Rate Real Estate Group 1035 Belvidere, Ste. 290, El Paso, TX (915) 443-8859
Listing date Mar 3, 2025
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.
HighLights
- Fully leased 6‑unit multifamily property providing immediate rental income.
- Strategic unit mix with 3 studios, 2 one‑bedroom, and 1 two‑bedroom apartments.
- Located in an area experiencing notable growth and investment activity.
- Median property values in the area have increased 5.6% over the past 12 months.
- Diverse unit configuration mitigates vacancy risks and ensures consistent rental income.
- Includes washer hookups, and a mix of window unit(s) and ceiling fans for cooling.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.422279
- Latitude
- 31.758925
Nearby Similar for Sale
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: Fully leased 6‑unit multifamily property providing immediate rental income.; Strategic unit mix with 3 studios, 2 one‑bedroom, and 1 two‑bedroom apartments.; Located in an area experiencing notable growth and investment activity.
