Four-Unit
4-4008 Thomason Avenue, El Paso, TX 79904
For Sale
$409,000
All four residences are occupied, with rent adjustments possible for at least two units.
Property Size1,960 SF
Price / SF$208.67
Days on Market8
Property Features for 4-4008 Thomason Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
Epique Realty
Listed By:
Karim Hagar
(915) 234-0698
Source:
Exprealty
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 8 at 6:26AM
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 Epique Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property is located at 4008 Thomason Avenue in El Paso. Occupancy extends across all four units, and rents on at least two may be adjusted. The property is offered for sale.
Key Highlights
- Four‑unit residential property at 4008 Thomason Avenue in El Paso
- All units are currently occupied
- Rent adjustments may be possible for at least two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,721
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,420
$354.4K
Cap Rate 7%
$253,157
$253.2K
Cap Rate 9%
$196,900
$196.9K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$26.6K $13.56/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$25.3K $12.92/SF
− OpEx
−$7.6K −$3.87/SF
NOI
$17.7K $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 Rate 5%
$354,420
Cap Rate 7%
$253,157
Cap Rate 9%
$196,900
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.5K – $295.4K
NOI $17,721 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,345 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$491.7K
$430.3K – $573.7K
NOI $34,420 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
286
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
$117,400
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in El Paso, TX
Properties on Market for Quadplexes in El Paso
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with rent adjustments possible for at least two units.
Where is this quadplex located?
The property is located at 4-4008 Thomason Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Four‑unit residential property at 4008 Thomason Avenue in El Paso; All units are currently occupied; Rent adjustments may be possible for at least two units
