4-Unit Multifamily
For Sale
$549,950
Pending
401 Borrego Road, San Elizario, TX 79849
Residential Income, San Elizario, TX
Property Size3,428 SF
Lot Size0.24 Acres
Days on Market328
Property Features for 401 Borrego Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning
R4
Parking
4
Appliances
Refrigerator, Microwave
Subdivision
Mission Trail Estates
Elementary school
Lorenzo G Alarcon
Middle school
Garcia Enriquez
High school
Sanelizar
Elementary school district
San Elizar
Middle school district
San Elizar
High school district
San Elizar
Standard status
Pending
APN
M58100002201000
Size
3,428 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22 MISSION TRAIL ESTATES LOT 10 (20906.09 SQ FT)
Tax Annual Amount
441
Legal Description
22 MISSION TRAIL ESTATES LOT 10 (20906.09 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2025
Number of units
4
Flooring type
Wood, Tile - Ceramic, Tile
Building materials
Stucco
Roof type
Shingle, Flat
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Fabian Sanchez · License #0764584
(915) 497-3402
Added: Dec 6, 2025
Changed: Oct 20
Last Checked: Oct 30 at 5:06AM
MLS# 934704
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 comprises two buildings with four units in total. The buildings are under construction and contain 3,428 square feet on a 0.24-acre parcel. Stucco exterior finishes, wood and tile flooring, and central natural gas heating are specified. Cooling is provided by central air and ceiling fans; refrigerators and microwaves are included. The property is served by public sewer and has both shingle and flat roofing.
Key Highlights
- Four units in two buildings
- 3,428 square feet on a 0.24‑acre parcel
- R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,075
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,500
$521.5K
Cap Rate 7%
$372,500
$372.5K
Cap Rate 9%
$289,722
$289.7K
Market Conditions
NOI Build-Up for 3,428 SF
Gross rent
$50.6K $14.76/SF
− Vacancy
−$3.2K −$0.93/SF
EGI
$47.4K $13.83/SF
− OpEx
−$21.3K −$6.22/SF
NOI
$26.1K $7.61/SF
Area
El Paso County, TX
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,500
Cap Rate 7%
$372,500
Cap Rate 9%
$289,722
Alternative Uses
Best Use
Apartment 5plus
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.5K
$542.1K – $722.8K
NOI $43,366 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
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Business Placement
Demographics for 79849, TX
14,310
Population
4,182
Households
3.4
Avg Household Size
31
Median Age
5%
College-Educated
60%
High-School Grad
13.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$45,067
Median Household Income
$26,216
Median Earnings
$878
Median Rent
$104,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings are under construction, with central heating and cooling and R4 zoning.
Where is this multifamily property located?
The property is located at 401 Borrego Road San Elizario, TX.
What is the asking price?
The asking price for this property is $549,950.
What are key features of this property?
This property features: Four units in two buildings; 3,428 square feet on a 0.24‑acre parcel; R4 zoning
