Eight-Unit Multifamily
404 & 406 FRENCH Place El Paso, TX 79905
404 & 406 FRENCH Place, El Paso, TX, 79905
$389,000
For Sale
$389,000
MULTI_FAMILY - El Paso, TX
Property Size2,193 SF
Lot Size0.24 Acres
Price / SF$177.38
Days on Market10
Property Features for 404 & 406 FRENCH Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Parking features
- On Street
- Appliances
- Refrigerator, Range Hood, Free-Standing Gas Oven
- Standard status
- Active
- APN
- K98299900205500/K98299900206100
- Size
- 2,193 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 2 KYLE LOT 10 (7325 SQ FT)/2 Kyle LOT 11
- Tax Annual Amount
- 5960
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Central
- Cooling system
- Varies by Unit
Building Details
- Year built
- 1951
- Number of units
- 8
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle, Flat
- Additional Structures
- Storage
Listing Agency
The Real Estate Power Houses
(915) 549-4663
7207 Bluff Run, El Paso, TX
Listed by
Liliana Quevedo Sutcliffe
(915) 355-3586
Added: Jul 8 Checked: Jul 17 at 6:06 pm
MLS# 947244
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 eight-unit multifamily property is reported to be well maintained and currently 100% occupied with long-term tenants. The offering consists of two addresses, 404 and 406 French Place, and is presented as a residential income property under El Paso zoning R5. With a compact site and a total property size of 2,193 square feet, the building is configured to support multiple rental households within a single ownership.
The property is located in El Paso’s Lower Valley, with convenient access to everyday amenities. Public remarks indicate proximity to schools, shopping, restaurants, parks, and major thoroughfares, which can support day-to-day tenant convenience.
For buyers or investors seeking a smaller income-producing asset, this property offers an operational starting point with tenants already in place. As listed, it may appeal to purchasers looking to add an existing, occupied multifamily building to their portfolio, with the added context that the property’s occupancy is described as stable due to long-term tenants.
The property is located in El Paso’s Lower Valley, with convenient access to everyday amenities. Public remarks indicate proximity to schools, shopping, restaurants, parks, and major thoroughfares, which can support day-to-day tenant convenience.
For buyers or investors seeking a smaller income-producing asset, this property offers an operational starting point with tenants already in place. As listed, it may appeal to purchasers looking to add an existing, occupied multifamily building to their portfolio, with the added context that the property’s occupancy is described as stable due to long-term tenants.
Key Highlights
- Well‑maintained 8‑unit multifamily property in El Paso’s Lower Valley
- 100% occupied with long‑term tenants
- Public sewer service
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $15.96 |
| − Vacancy | −$1.8k | −$0.80 |
| EGI | $33.3k | $15.16 |
| − OpEx | −$15.0k | −$6.82 |
| NOI | $18.3k | $8.34 |
2,193 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$261.3K
$228.6K – $304.8K
NOI $18,288 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.2K
$481.4K – $641.9K
NOI $38,512 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained eight-unit multifamily building currently 100% occupied with long-term tenants in El Paso.
Where is this apartment building located?
The property is located at 404 & 406 FRENCH Place El Paso, TX.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Well‑maintained 8‑unit multifamily property in El Paso’s Lower Valley; 100% occupied with long‑term tenants; Public sewer service
