Multifamily Property with Detached
New
For Sale
$310,000
4017 HASTINGS Drive, El Paso, TX 79903
Residential Income, El Paso, TX
Property Size1,911 SF
Lot Size0.16 Acres
Price / SF$162.22
Days on Market5
Property Features for 4017 HASTINGS Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Parking features
On Street
Appliances
Free-Standing Gas Oven
Subdivision
Government Hill
Elementary school
Coldwell
Middle school
Armendariz
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
G56999903205800
Size
1,911 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
32 GOVERNMENT HILL 39 & 40 (7000 SQ FT)
Tax Annual Amount
5430
Legal Description
32 GOVERNMENT HILL 39 & 40 (7000 SQ FT)
Utilities
Heating system
Central
Cooling system
Multi Units
Building Details
Year built
1920
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick, Masonite, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Isabel Veronica Chacon
(915) 474-4289
Added: Oct 19
Changed: Oct 22
Last Checked: Oct 23 at 1:06AM
MLS# 953094
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.
Set on two lots totaling 0.16 acres, this multifamily property contains 1,911 square feet across a main home and two detached residences. The detached spaces comprise a one-bedroom apartment and a studio, each with a small kitchenette and three-quarter bathroom. The main house has a new roof, refrigerated air, and replacement windows throughout; the detached units have mini-split heating and refrigerated cooling, with some window replacements. The property was built in 1920 and is zoned R4.
Key Highlights
- Three living spaces across two lots
- 1,911 square feet on 0.16 acres
- Detached one‑bedroom apartment and studio, each with a kitchenette and three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,936
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,720
$318.7K
Cap Rate 7%
$227,657
$227.7K
Cap Rate 9%
$177,067
$177.1K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$30.5K $15.96/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$29.0K $15.16/SF
− OpEx
−$13.0K −$6.82/SF
NOI
$15.9K $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%
$318,720
Cap Rate 7%
$227,657
Cap Rate 9%
$177,067
Alternative Uses
Best Use
Apartment 5plus
$227.7K
$199.2K – $265.6K
NOI $15,936 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.4K
$419.5K – $559.3K
NOI $33,560 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
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 - Three separate living spaces span two lots, with updated systems and windows in the main residence and detached units.
Where is this multifamily property located?
The property is located at 4017 HASTINGS Drive El Paso, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Three living spaces across two lots; 1,911 square feet on 0.16 acres; Detached one‑bedroom apartment and studio, each with a kitchenette and three‑quarter bathroom
