7-Unit Apartment
New
For Sale
$550,000
3901 LEAVELL Avenue, El Paso, TX 79904
Residential Income, El Paso, TX
Property Size3,560 SF
Lot Size0.21 Acres
Price / SF$154.49
Days on Market2
Property Features for 3901 LEAVELL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A2
Appliances
Free-Standing Gas Oven
Subdivision
Logan Heights
Elementary school
Burnet
Middle school
Bassett
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
L44799905505000
Size
3,560 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
55 LOGAN HEIGHTS 14 TO 16 (9000 SQ FT)
Tax Annual Amount
5630
Legal Description
55 LOGAN HEIGHTS 14 TO 16 (9000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Building Details
Year built
1958
Number of units
7
Building materials
Brick Veneer
Roof type
Shingle
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Matt Rice
(915) 526-7199
Added: Oct 6
Last Checked: Oct 7 at 9:06AM
MLS# 952350
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 3,560-square-foot apartment property contains seven units: six with one bedroom and one bathroom, plus a two-bedroom, one-bathroom unit. Two apartments are furnished, with the furnishings included in the sale; three other units are leased. The 1958 building has brick veneer construction, a shingle roof, wall-furnace heating, and evaporative cooling. A free-standing gas oven is also listed among the appliances.
The 0.21-acre property occupies a corner lot in El Paso, near Fort Bliss and William Beaumont Medical Center. Parking is available on site. Zoning is A2, and the property connects to public sewer. Tenants pay for electricity, while water and gas are owner-paid.
The 0.21-acre property occupies a corner lot in El Paso, near Fort Bliss and William Beaumont Medical Center. Parking is available on site. Zoning is A2, and the property connects to public sewer. Tenants pay for electricity, while water and gas are owner-paid.
Key Highlights
- Seven apartments: six 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- 3,560 square feet on a 0.21‑acre corner lot
- Two furnished units; furnishings are included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,687
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,740
$593.7K
Cap Rate 7%
$424,100
$424.1K
Cap Rate 9%
$329,856
$329.9K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$56.8K $15.96/SF
− Vacancy
−$2.8K −$0.80/SF
EGI
$54.0K $15.16/SF
− OpEx
−$24.3K −$6.82/SF
NOI
$29.7K $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%
$593,740
Cap Rate 7%
$424,100
Cap Rate 9%
$329,856
Alternative Uses
Best Use
Apartment 5plus
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.1K
$781.5K – $1.04M
NOI $62,518 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
342
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - A2-zoned property includes furnished units and a mix of one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 3901 LEAVELL 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: Seven apartments: six 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; 3,560 square feet on a 0.21‑acre corner lot; Two furnished units; furnishings are included in the sale
