Remodeled Quadplex with In-Unit
For Sale
$444,888
4605 Arlen Avenue, El Paso, TX 79904
MULTI_FAMILY - Other - El Paso, TX
Property Size3,200 SF
Lot Size0.16 Acres
Price / SF$139.03
Days on Market114
Property Features for 4605 Arlen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A2
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 7, Bedroom 8, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Window features
Blinds
Exterior features
Walled Backyard
Appliances
Dishwasher, Free-Standing Gas Oven, Range Hood, Refrigerator
Subdivision
Del Norte Acres
Lot features
Standard Lot
Elementary school
H R Moye
Middle school
Canyonh
High school
Irvin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
72637
Size
3,200 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 DEL NORTE ACRES E 70 FT OF 23 & 24 (7000 SQ FT)
Tax Annual Amount
6133
Legal Description
21 DEL NORTE ACRES E 70 FT OF 23 & 24 (7000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Evaporative Cooling
Building Details
Year built
1979
Floors in Building
2
Flooring type
Tile, Vinyl
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
V Realty
(915) 503-2959
Listed By:
George A Van · License #0611253
(915) 496-7661
Added: Apr 8
Changed: Jul 29
Last Checked: Jul 30 at 2:06PM
MLS# 941777
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 for-sale quadplex includes four apartments in one property, with each unit described as having two bedrooms. The complex was remodeled in 2013, and washer and dryer hookups are available inside the units.
The property is located in El Paso, Texas, within the A2 zoning designation. Access is noted as being just seconds from I-54.
According to the seller, the property is currently producing over $35,000 per year, and the tenants are described as good and verified by the property manager, with occupancy for more than 12 months. The seller also indicates that seller financing may be available with 15% down at 10% interest.
The property is located in El Paso, Texas, within the A2 zoning designation. Access is noted as being just seconds from I-54.
According to the seller, the property is currently producing over $35,000 per year, and the tenants are described as good and verified by the property manager, with occupancy for more than 12 months. The seller also indicates that seller financing may be available with 15% down at 10% interest.
Key Highlights
- 4‑plex with multiple units currently producing over $35,000/year (per public remarks).
- Remodeled in 2013 and includes washer/dryer hookup inside.
- Each unit layout includes 2 bedrooms each (as stated: “Quadruplex with 2 bedrooms each”).
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 | $43.4k | $13.56 |
| − Vacancy | −$2.1k | −$0.64 |
| EGI | $41.3k | $12.92 |
| − OpEx | −$12.4k | −$3.87 |
| NOI | $28.9k | $9.04 |
3,200 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.3K
$361.7K – $482.2K
NOI $28,932 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$381.2K
$333.6K – $444.8K
NOI $26,685 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$802.8K
$702.5K – $936.6K
NOI $56,196 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
843
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with four apartments, remodeled in 2013, featuring washer and dryer hookups inside each unit.
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 $444,888.
What are key features of this property?
This property features: 4‑plex with multiple units currently producing over $35,000/year (per public remarks).; Remodeled in 2013 and includes washer/dryer hookup inside.; Each unit layout includes 2 bedrooms each (as stated: “Quadruplex with 2 bedrooms each”).
