Historic Multifamily Property in El
515 W Missouri Avenue, El Paso, TX 79901
- Added:
- Jan 30, 2026
- Days on Market:
- 123
- Last Refresh:
- Jun 2 at 9:06 am
Property Features for 515 W Missouri Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- A3
- Fireplace
- 1
- Standard status
- Active
- APN
- S636999000A5500
- Size
- 4,158 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- A STEVENS 22 & W 10.01 FT OF 21 (4201.20 SQ FT)
Utilities
- Heating system
- Natural Gas, Central
Building Details
- Floors in Building
- 2
Listing agent Gustavo Andazola License #0433295 (915) 478-5050
Listing office The Real Estate Power Houses 7207 Bluff Run, El Paso, TX (915) 549-4663
Listing date Jan 30, 2026
MLS# 937403
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.
HighLights
- Prime downtown location in San Francisco Historic District, near UTEP, hospitals, and Southwest University Park.
- Multi‑family property with 8 units (6 studios and 2 one‑bedroom).
- Excellent connectivity with proximity to I‑10 and international bridges.
- Steady demand from students, medical professionals, and downtown commuters.
- Shared washer and dryer amenities.
- Opportunity for stable cash flow and long‑term appreciation due to downtown redevelopment.
Overview
Located in the San Francisco Historic District of El Paso, this historic multi-family property features 4,158 square feet and comprises 8 units. The unit mix includes 6 studio apartments and 2 one-bedroom units. Residents have access to shared washer and dryer amenities. The property benefits from its downtown location, offering proximity to UTEP, major hospitals, Southwest University Park, I-10, and two international bridges. This location provides connectivity and accessibility, appealing to students, medical professionals, and downtown commuters. The property is positioned to benefit from ongoing downtown redevelopment, offering both stable cash flow and long-term appreciation.
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 | $66.4k | $15.96 |
| − Vacancy | −$3.3k | −$0.80 |
| EGI | $63.0k | $15.16 |
| − OpEx | −$28.4k | −$6.82 |
| NOI | $34.7k | $8.34 |
4,158 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$495.3K
$433.4K – $577.9K
NOI $34,674 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.8K – $1.22M
NOI $73,020 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.494221
- Latitude
- 31.759556
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 8-unit multifamily in San Francisco Historic District, El Paso.
Where is this apartment building located?
The property is located at 515 W Missouri Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $588,444.
What are key features of this property?
This property features: Prime downtown location in San Francisco Historic District, near UTEP, hospitals, and Southwest University Park.; Multi‑family property with 8 units (6 studios and 2 one‑bedroom).; Excellent connectivity with proximity to I‑10 and international bridges.
