Quadplex with Central
For Sale
$268,000
Pending
3803 TYLER Avenue, El Paso, TX 79930
MULTI_FAMILY - El Paso, TX
Property Size2,125 SF
Lot Size0.14 Acres
Days on Market158
Property Features for 3803 TYLER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A2
Appliances
Gas Cooktop, Free-Standing Gas Oven
Subdivision
Morningside Heights
Elementary school
Travis
Middle school
Captain Gabriel Navarrete Middle School
High school
Capt J L Chapin High
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
M79499905903300
Size
2,125 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
59 MORNINGSIDE HEIGHTS 13 & 14 (6000 SQ FT)
Tax Annual Amount
4578
Legal Description
59 MORNINGSIDE HEIGHTS 13 & 14 (6000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1957
Number of units
4
Flooring type
Tile
Building materials
Brick
Roof type
Shingle, Composition
Listing Agency:
Cap Rate Real Estate Group
(915) 443-8859
Listed By:
Cristian Anibal Olague · License #0737250
(915) 345-4379
Added: Mar 26
Changed: Aug 3
Last Checked: Aug 30 at 9:06AM
MLS# 941031
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 quadplex at 3803 Tyler Avenue offers four efficiently laid-out units, each with 1 bedroom and 1 bathroom. The building is on a 0.14-acre lot and has a total size of 2,125 square feet. Constructed with brick and served by public sewer, the property was built in 1957 and features a composition shingle roof.
Zoned A2, the location is positioned for easy access to US-54 and I-10. The property is described with a Walk Score of 74, with nearby access to Fort Bliss, University Medical Center, and El Paso Children’s Hospital.
For comfort and day-to-day usability, the property includes central heating and evaporative cooling. In-unit appliances include a gas cooktop and a free-standing gas oven.
Zoned A2, the location is positioned for easy access to US-54 and I-10. The property is described with a Walk Score of 74, with nearby access to Fort Bliss, University Medical Center, and El Paso Children’s Hospital.
For comfort and day-to-day usability, the property includes central heating and evaporative cooling. In-unit appliances include a gas cooktop and a free-standing gas oven.
Key Highlights
- Four 1‑bedroom, 1‑bath units in a quadplex
- 0.14‑acre lot and 2,125 SF total building size
- Zoned A2
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,240
$384.2K
Cap Rate 7%
$274,457
$274.5K
Cap Rate 9%
$213,467
$213.5K
Market Conditions
NOI Build-Up for 2,125 SF
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.
Gross rent
$28.8K $13.56/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$27.4K $12.92/SF
− OpEx
−$8.2K −$3.87/SF
NOI
$19.2K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$384,240
Cap Rate 7%
$274,457
Cap Rate 9%
$213,467
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four 1-bedroom, 1-bath units on 0.14 acres zoned A2, with central heating and evaporative cooling.
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: Four 1‑bedroom, 1‑bath units in a quadplex; 0.14‑acre lot and 2,125 SF total building size; Zoned A2
