5-Unit Brick Apartment
For Sale
$198,900
412 S FLORENCE Street, El Paso, TX 79901
Commercial Sale, El Paso, TX
Property Size1,800 SF
Lot Size0.07 Acres
Price / SF$110.50
Days on Market159
Property Features for 412 S FLORENCE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A3
Parking features
On Street
Fireplace
1
Subdivision
Campbell
Standard status
Active
APN
C05099914008100
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
3945
Tax Description
140 CAMPBELL LOT 17 (3120 SQ FT)
Tax Annual Amount
2025
Legal Description
140 CAMPBELL LOT 17 (3120 SQ FT)
Utilities
Sewer type
Public Sewer
Building Details
Floors in Building
1
Building materials
Brick
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Michelle M Medrano
(915) 204-3259
Added: May 15
Changed: Oct 2
Last Checked: Oct 20 at 9:06AM
MLS# 944113
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.
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 five-unit multifamily property at 412 S Florence Street is constructed with brick and includes approximately 1,800 square feet on a 3,120-square-foot lot. Three units are occupied, while the remaining units are identified for renovation, lease-up, or increased rental revenue. The property also includes on-street parking, a fireplace, and public sewer service.
The building is located in Downtown El Paso near restaurants, entertainment, international bridges, and major highways. A3 zoning supports the property's multifamily classification. Its central setting and existing occupancy provide a combination of current rental activity and unfinished unit potential.
The building is located in Downtown El Paso near restaurants, entertainment, international bridges, and major highways. A3 zoning supports the property's multifamily classification. Its central setting and existing occupancy provide a combination of current rental activity and unfinished unit potential.
Key Highlights
- Five‑unit multifamily property with 3 occupied units
- Approximately 1,800 sq ft on a 3,120 sq ft lot
- A3 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,010
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,200
$300.2K
Cap Rate 7%
$214,429
$214.4K
Cap Rate 9%
$166,778
$166.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$28.7K $15.96/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$27.3K $15.16/SF
− OpEx
−$12.3K −$6.82/SF
NOI
$15.0K $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%
$300,200
Cap Rate 7%
$214,429
Cap Rate 9%
$166,778
Alternative Uses
Best Use
Apartment 5plus
$214.4K
$187.6K – $250.2K
NOI $15,010 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.6K
$395.1K – $526.8K
NOI $31,610 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
5
Residential units
60%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,631
Businesses Nearby
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with occupied units, renovation potential, and public sewer service in central El Paso.
Where is this apartment building located?
The property is located at 412 S FLORENCE Street El Paso, TX.
What is the asking price?
The asking price for this property is $198,900.
What are key features of this property?
This property features: Five‑unit multifamily property with 3 occupied units; Approximately 1,800 sq ft on a 3,120 sq ft lot; A3 zoning designation
