4-Unit
For Sale
$418,000
4605 Arlen Avenue, El Paso, TX 79904
Four apartments feature two bedrooms each, with in-unit washer and dryer hookups.
Property Size3,200 SF
Price / SF$130.63
Days on Market206
Property Features for 4605 Arlen Avenue
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi Family Home
Zoning
A2
Site & Location
Neighborhood
Del Norte Acres Neighborhood Association
Highway Access
Yes
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,133
Amenities
washer and dryer hookup
Walled Backyard
Building Details
Building Size
3,200 SF
Year Built
1979
Year Renovated
2013
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
El Paso Real Estate Company
Listed By:
Al Jurado · License #0410918
(915) 630-8373
Source:
Elpasorealestateco
Added: Apr 8
Changed: Oct 25
Last Checked: Oct 29 at 8:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of El Paso Real Estate Company
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Investment Insights
Based on property information with market context.
This 3,200-square-foot quadplex contains four apartments, each with two bedrooms and washer and dryer hookups. The property was built in 1979 and remodeled in 2013. A2 zoning is reported for the site.
The property is located near I-54. Current tenants have each occupied their units for more than 12 months, according to the provided information.
The property is located near I-54. Current tenants have each occupied their units for more than 12 months, according to the provided information.
Key Highlights
- Four apartments, each with two bedrooms
- 3,200 square feet
- Remodeled in 2013; built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,932
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,640
$578.6K
Cap Rate 7%
$413,314
$413.3K
Cap Rate 9%
$321,467
$321.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$43.4K $13.56/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$41.3K $12.92/SF
− OpEx
−$12.4K −$3.87/SF
NOI
$28.9K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,640
Cap Rate 7%
$413,314
Cap Rate 9%
$321,467
Alternative Uses
Best Use
Multifamily LT 5
$413.3K
$361.7K – $482.2K
NOI $28,932 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$381.2K
$333.6K – $444.8K
NOI $26,685 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$802.8K
$702.5K – $936.6K
NOI $56,196 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 79904, TX
31,491
Population
13,571
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
78%
High-School Grad
12.0 sq mi
ZIP Area
2,624
Density / Sq Mi
$40,892
Median Household Income
$28,775
Median Earnings
$1,017
Median Rent
$117,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments feature two bedrooms each, with in-unit washer and dryer hookups.
Where is this quadplex located?
The property is located at 4605 Arlen Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $418,000.
What are key features of this property?
This property features: Four apartments, each with two bedrooms; 3,200 square feet; Remodeled in 2013; built in 1979
