Four-Unit Residential Income
427 EMERSON Street El Paso, TX 79915
New
427 EMERSON Street, El Paso, TX, 79915
$245,000
For Sale
$245,000
MULTI_FAMILY - El Paso, TX
Property Size2,070 SF
Lot Size0.18 Acres
Price / SF$118.36
Days on Market2
Property Features for 427 EMERSON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- C2
- Parking features
- Assigned
- Appliances
- Water Heater, Gas Cooktop
- Standard status
- Active
- APN
- N44299900708200
- Size
- 2,070 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 7 NORTH LOOP GARDENS #1 NLY TRIA OF 23 & SLY PT OF 76 (36 ON N-106 ON W-114 ON E) LINDA VISTA SUBDIVISION (0.1814 AC)
- Tax Annual Amount
- 6119
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1948
- Number of units
- 4
- Building materials
- Brick, Stucco
- Roof type
- Shingle, Composition
Listing Agency
Cap Rate Real Estate Group
(915) 443-8859
1035 Belvidere, Ste. 290, El Paso, TX
Listed by
Cristian Anibal Olague · License #0737250
(915) 345-4379
Added: Jul 17 Checked: Jul 18 at 12:06 am
MLS# 947843
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 quadplex residential income property includes four distinct units, each with a one-bedroom, one-bathroom layout. The asset is currently 100% occupied with active leases in place, supporting straightforward management from day one.
The property is located at 427 Emerson Street in El Paso, Texas, within C2 zoning and the Ysleta Independent School District. It is positioned for convenient day-to-day access to nearby elementary, middle, and high schools.
With four fully leased units, the building offers a practical, income-oriented configuration for an investor seeking an established multifamily asset.
The property is located at 427 Emerson Street in El Paso, Texas, within C2 zoning and the Ysleta Independent School District. It is positioned for convenient day-to-day access to nearby elementary, middle, and high schools.
With four fully leased units, the building offers a practical, income-oriented configuration for an investor seeking an established multifamily asset.
Key Highlights
- Four‑unit multifamily property with one‑bedroom, one‑bathroom units
- 100% occupied with active leases in place
- Built in 1948
Local Financial Insights For Multifamily LT 5
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 | $28.1k | $13.56 |
| − Vacancy | −$1.3k | −$0.64 |
| EGI | $26.7k | $12.92 |
| − OpEx | −$8.0k | −$3.87 |
| NOI | $18.7k | $9.04 |
2,070 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.4K
$233.9K – $311.9K
NOI $18,715 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$246.6K
$215.8K – $287.7K
NOI $17,262 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$519.3K
$454.4K – $605.9K
NOI $36,352 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex features four occupied one-bedroom, one-bath units with active leases in place.
Where is this quadplex located?
The property is located at 427 EMERSON Street El Paso, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Four‑unit multifamily property with one‑bedroom, one‑bathroom units; 100% occupied with active leases in place; Built in 1948
