Morningside Heights Quadplex For
3803 Tyler Avenue, El Paso, TX 79930
Quadplex in desirable location near hospitals and Fort Bliss.
Type:Multi-Family / Quadruplex
Property size:
2,125 SFPrice / SF:
$126/SF- Added:
- Mar 25, 2026
- Days on Market:
- 69
- Last Refresh:
- Mar 27 at 8:21 pm
Property Features for 3803 Tyler Avenue
General Information
- Standard status
- Active
- Size
- 2,125 SF
- Property subtype
- Multi-Family / Quadruplex
Building Details
- Year Built
- 1957
Listing agent Cristian Anibal Olague License #0737250
Listing office Cap Rate Real Estate Group (915) 443-8859
Listing date Mar 25, 2026
Source Compass
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 Cap Rate Real Estate Group
HighLights
- Prime location in the desirable Morningside Heights neighborhood with a Walk Score of 74.
- Proximity to major locations: Fort Bliss, University Medical Center, and El Paso Children's Hospital.
- Turnkey quadplex with four 1‑bedroom, 1‑bathroom units in great condition.
- Reliable, long‑term tenants providing steady income.
- Easy access to US‑54 and I‑10.
- Flexibility to accommodate an owner‑occupant or new lease.
Overview
Located in the Morningside Heights neighborhood, 3803 Tyler Ave is a quadplex featuring four 1-bedroom, 1-bathroom units. The property is in good condition and offers convenient access to US-54 and I-10, with a Walk Score of 74, indicating a very walkable area. Its location is near Fort Bliss, University Medical Center, and El Paso Children's Hospital. The property is currently occupied by long-term tenants, providing a steady income stream. The property offers the flexibility to accommodate an owner-occupant or an immediate new lease. The building size is 2125 square feet.
Local Financial Insights For Multifamily LT 5
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 | $28.8k | $13.56 |
| − Vacancy | −$1.4k | −$0.64 |
| EGI | $27.4k | $12.92 |
| − OpEx | −$8.2k | −$3.87 |
| NOI | $19.2k | $9.04 |
2,125 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.5K
$240.2K – $320.2K
NOI $19,212 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$253.2K
$221.5K – $295.4K
NOI $17,721 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,318 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.447347
- Latitude
- 31.81503
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Quadplex in desirable location near hospitals and Fort Bliss.
Where is this quadplex located?
The property is located at 3803 Tyler Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Prime location in the desirable Morningside Heights neighborhood with a Walk Score of 74.; Proximity to major locations: Fort Bliss, University Medical Center, and El Paso Children's Hospital.; Turnkey quadplex with four 1‑bedroom, 1‑bathroom units in great condition.
