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    Ten-Unit Multifamily Property with Courtyard Title is generated by Realmo AI

    3701 Fred Wilson Avenue, El Paso, TX 79904

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    For Sale
    $550,000

    Ten one-bedroom units with a central courtyard, on-site laundry, and off-street parking designed for manageable day-to-day operations.

    Type:General Commercial
    Property size:
    4,887 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $112/SF
    Added:
    Apr 4, 2026
    Days on Market:
    73
    Last Refresh:
    Jun 14 at 1:59 am

    Property Features for 3701 Fred Wilson Avenue

    General Information

    Standard status
    Active
    Size
    4,887 SF
    Lot size
    0.28 Acres
    Property subtype
    General Commercial

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    Listing Contact
    Cassandra Rosales

    Listing agent Cassandra Rosales

    Listing office eXp Realty LLC

    Listing date Apr 4, 2026

    Source Xome

    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 eXp Realty LLC

    HighLights

    • 10‑unit multifamily property with ten 1‑bedroom units
    • Approximately 4,887 SF brick building on a 0.28‑acre lot
    • Brand‑new roof installed August 2023
    • Central courtyard with a barbecue area
    • On‑site laundry facility and off‑street parking at nearly two spaces per unit
    • Evaporative cooling; 3 guest facilities listed

    Overview

    This mid-century brick multifamily property offers 10 functional one-bedroom units within an approximately 4,887-square-foot building. The community layout includes a central courtyard with a barbecue area for outdoor use, along with an on-site laundry facility for resident convenience. Off-street parking is provided at a ratio of nearly two spaces per unit. Recent building improvements include a brand-new roof installed in August 2023, supporting long-term exterior durability and lowering near-term maintenance concerns.

    Located in Northeast El Paso’s Logan Heights, the property is described as being in immediate proximity to Fort Bliss and US-54. The lot size is approximately 0.28 acres, supporting the on-site common outdoor space and parking configuration.

    Designed with operational practicality in mind, the property’s single-bedroom unit mix and on-site amenities can appeal to tenants seeking straightforward living arrangements. With 10 units under one ownership structure, it also presents an efficient option for buyers looking for a consolidated rental portfolio, supported by the recently replaced roofing and a courtyard setting that enhances day-to-day livability.

    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 $78.0k $15.96
    − Vacancy −$3.9k −$0.80
    EGI $74.1k $15.16
    − OpEx −$33.3k −$6.82
    NOI $40.8k $8.34
    4,887 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $582.2K
    $509.4K – $679.2K (±1% cap)
    NOI $40,753 @ 7.0% cap · market cap 7.41%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,822 @ 7.0% cap · market cap 15.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.449272
    Latitude
    31.826003

    FAQs

    What type of property is this?
    Apartment building - Ten one-bedroom units with a central courtyard, on-site laundry, and off-street parking designed for manageable day-to-day operations.
    Where is this apartment building located?
    The property is located at 3701 Fred Wilson Avenue El Paso, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 10‑unit multifamily property with ten 1‑bedroom units; Approximately 4,887 SF brick building on a 0.28‑acre lot; Brand‑new roof installed August 2023
    More about this property
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