10-Unit Brick Apartment
For Sale
$550,000
3701 Fred Wilson Avenue, El Paso, TX 79904
Commercial Sale, El Paso, TX
Property Size4,887 SF
Lot Size0.28 Acres
Price / SF$112.54
Days on Market169
Property Features for 3701 Fred Wilson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A2
Parking
10
Fireplace
1
Subdivision
Logan Heights
Standard status
Active
APN
L447999073A4100
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
73-A LOGAN HEIGHTS 5 TO 8 (12360 SQ FT)
Tax Annual Amount
11026
Legal Description
73-A LOGAN HEIGHTS 5 TO 8 (12360 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Amenities
central courtyard
barbecue area
on-site laundry facility
Building Details
Floors in Building
1
Building materials
Brick
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Cassandra Rosales
(915) 204-2328
Added: May 5
Changed: Oct 2
Last Checked: Oct 20 at 9:06AM
MLS# 943518
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.
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Investment Insights
Based on property information with market context.
This multifamily property contains ten one-bedroom apartments within approximately 4,887 square feet of mid-century brick construction. The 0.28-acre site includes a shared courtyard with a barbecue area, on-site laundry, and off-street parking providing nearly two spaces per unit. A new roof was installed in August 2023. Individual property features include wall-furnace heating, evaporative cooling, fireplaces, and public sewer service.
The property is located in Northeast El Paso’s Logan Heights near Fort Bliss and US-54. A2 zoning supports the existing apartment configuration, while the unit count and shared amenities provide a defined residential operating layout.
The property is located in Northeast El Paso’s Logan Heights near Fort Bliss and US-54. A2 zoning supports the existing apartment configuration, while the unit count and shared amenities provide a defined residential operating layout.
Key Highlights
- 10‑unit multifamily property with ten 1‑bedroom apartments
- Approximately 4,887 square feet on a 0.28‑acre lot
- New roof installed in August 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,753
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,060
$815.1K
Cap Rate 7%
$582,186
$582.2K
Cap Rate 9%
$452,811
$452.8K
Market Conditions
NOI Build-Up for 4,887 SF
Gross rent
$78.0K $15.96/SF
− Vacancy
−$3.9K −$0.80/SF
EGI
$74.1K $15.16/SF
− OpEx
−$33.3K −$6.82/SF
NOI
$40.8K $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%
$815,060
Cap Rate 7%
$582,186
Cap Rate 9%
$452,811
Alternative Uses
Best Use
Apartment 5plus
$582.2K
$509.4K – $679.2K
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
NOI $85,822 @ 7.0% cap · market cap 15.60%
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
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 79904, TX
31,491
Population
13,571
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
78%
High-School Grad
12.0 sq mi
ZIP Area
2,624
Density / Sq Mi
$40,892
Median Household Income
$28,775
Median Earnings
$1,017
Median Rent
$117,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten one-bedroom residences include shared outdoor space, laundry facilities, and off-street parking.
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 apartments; Approximately 4,887 square feet on a 0.28‑acre lot; New roof installed in August 2023
