501 East Cliff Drive Unit 15, El Paso, TX 79902
Small multifamily property with four studio units and one three-bedroom unit plus an unfinished basement.
- Added:
- Jun 1, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 6 at 5:09 am
Property Features for 501 East Cliff Drive Unit 15
General Information
- Standard status
- Active
- Size
- 2,968 SF
- Property subtype
- Multi-Family / Quadruplex
Building Details
- Year Built
- 1925
Listing agent Karin Ann Erickson License #0530807
Listing office Keller Williams Realty (915) 694-0339
Listing date Jun 1, 2026
Source Compass
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
HighLights
- 5‑unit multifamily property built in 1925, plus an unfinished full basement
- Unit mix includes four studio apartments and one 3‑bedroom unit
- Unfinished full basement is approximately 1,300 sq ft
- Interior features include heating and cooling, with ceramic tile, hardwood, and laminate flooring
- Appliances include a refrigerator and a free‑standing gas oven
- Roof is composition, pitched shingle
Overview
The property is located at 501 East Cliff Drive in El Paso, Texas 79902. It is described as being in a desirable subdivision and positioned for convenient day-to-day access.
With a mix of studio and three-bedroom layouts, the building can support multiple household types while keeping the overall unit count compact. The unfinished basement adds flexibility for owners who value extra on-site space. This is a straightforward option for an investor or owner-operator seeking a small multifamily asset with room to customize beyond the current unit mix.
Local Financial Insights For Apartment 5plus
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 | $47.4k | $15.96 |
| − Vacancy | −$2.4k | −$0.80 |
| EGI | $45.0k | $15.16 |
| − OpEx | −$20.3k | −$6.82 |
| NOI | $24.8k | $8.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.492616
- Latitude
- 31.770416
