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11-Unit Townhome Apartment Complex
For Sale
$1,498,500

512 Center Way, El Paso, TX 79915

Commercial Sale, El Paso, TX

Property SizeContact for details
Lot Size0.48 Acres
Days on Market140

Property Features for 512 Center Way

General Information

Property type Commercial Sale
Property subtype Other
Zoning A2
Fireplace 1
Standard status Active
APN N44299900602500
Lot size 0.48 Acres

Taxes and HOA fees

Tax Description 6 NORTH LOOP GARDENS #1 10 (0.482 ACRE)
Tax Annual Amount 2025
Legal Description 6 NORTH LOOP GARDENS #1 10 (0.482 ACRE)

Building Details

Floors in Building 2
Listing Agency: Cap Rate Real Estate Group
Listed By: Anibal Olague · License #0653430
Added: Apr 29 Changed: Sep 4 Last Checked: Sep 15 at 2:06PM
MLS# 943064

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 11-unit multifamily property consists of two-story townhomes with two- to three-bedroom layouts and one to one-and-a-half baths. Each residence measures approximately 1,000 square feet and includes open floor plans, designer color schemes, refrigerated air units, and fireplaces. The property sits on 0.48 acres and carries A2 zoning.

Located at 512 Center Way in El Paso, the complex is 1.5 miles from El Paso Community College’s Valle Verde campus, with an approximately three-minute drive. San Jose Plaza and North Loop Shopping Center are within a 10-11 minute walk, while Ascarate Park is about seven minutes away by car. The 79915 location provides access to nearby shopping, education, and recreation.

Key Highlights

  • 11‑unit multifamily complex with two‑story townhomes
  • Two- to three‑bedroom units with 1‑1.5 baths
  • Approximately 1,000 sq ft per unit

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Gym & Fitness Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units

Location Intelligence

Trade Area within ½ mile

512
Businesses Nearby

Demographics for 79915, TX

35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story townhome apartments offer open layouts, refrigerated air, and a mix of two- and three-bedroom floor plans.
Where is this apartment building located?
The property is located at 512 Center Way El Paso, TX.
What is the asking price?
The asking price for this property is $1,498,500.
What are key features of this property?
This property features: 11‑unit multifamily complex with two‑story townhomes; Two- to three‑bedroom units with 1‑1.5 baths; Approximately 1,000 sq ft per unit
More about this property
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