Residential Income Property with Detached
For Sale
$455,000
4424 HUECO Avenue, El Paso, TX 79903
COMMERCIAL - El Paso, TX
Property Size2,797 SF
Lot Size0.16 Acres
Price / SF$162.67
Days on Market57
Property Features for 4424 HUECO Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Parking features
Assigned
Fireplace
1
Standard status
Active
APN
G56999909305500
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
93 GOVERNMENT HILL 19 & 20 (7000 SQ FT)
Tax Annual Amount
6188
Legal Description
93 GOVERNMENT HILL 19 & 20 (7000 SQ FT)
Utilities
Sewer type
Public Sewer
Cooling system
Multi Units, Ceiling Fan(s)
Building Details
Floors in Building
1
Building materials
Stucco
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Felipe Alberto Baltazar
(915) 443-2736
Added: Jul 7
Changed: Aug 4
Last Checked: Sep 1 at 12:06PM
MLS# 947156
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 1929 single-family residence offers a value-add configuration on a 7,000 SF R-3 lot. A completely detached secondary structure is located in the rear of the property. The main home was previously configured as a multi-unit layout and may be restored to a single-family setup or reconfigured to fit a buyer’s plan. The property is being sold AS-IS.
Located in historic Government Hill near Loretto Academy in El Paso, Texas. R-3 zoning provides flexibility for an owner-occupant, an in-law/rental setup, or investor repositioning, subject to City of El Paso verification.
Buyer to verify zoning, permitted use, unit count, square footage, and all measurements with the City of El Paso. Cash or conventional.
Located in historic Government Hill near Loretto Academy in El Paso, Texas. R-3 zoning provides flexibility for an owner-occupant, an in-law/rental setup, or investor repositioning, subject to City of El Paso verification.
Buyer to verify zoning, permitted use, unit count, square footage, and all measurements with the City of El Paso. Cash or conventional.
Key Highlights
- 1929 stucco single‑family home in historic Government Hill, ~2,797 SF (sold AS‑IS)
- 7,000 SF R‑3 lot with a completely detached rear secondary structure, ~400 SF
- Former multi‑unit layout—can be restored to single‑family or reconfigured to different uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,324
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,480
$466.5K
Cap Rate 7%
$333,200
$333.2K
Cap Rate 9%
$259,156
$259.2K
Market Conditions
NOI Build-Up for 2,797 SF
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.
Gross rent
$44.6K $15.96/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$42.4K $15.16/SF
− OpEx
−$19.1K −$6.82/SF
NOI
$23.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$466,480
Cap Rate 7%
$333,200
Cap Rate 9%
$259,156
Alternative Uses
Best Use
Apartment 5plus
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.7K
$614.0K – $818.7K
NOI $49,119 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
611
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - 1929 residence on an R-3 lot with a completely detached rear secondary structure, sold as-is.
Where is this single family property located?
The property is located at 4424 HUECO Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1929 stucco single‑family home in historic Government Hill, ~2,797 SF (sold AS‑IS); 7,000 SF R‑3 lot with a completely detached rear secondary structure, ~400 SF; Former multi‑unit layout—can be restored to single‑family or reconfigured to different uses
