Historic 8-Unit Apartment
515 W MISSOURI Avenue El Paso, TX 79901
New
For Sale
$579,900
MULTI_FAMILY - El Paso, TX
Property Size3,240 SF
Lot Size0.10 Acres
Price / SF$178.98
Days on Market3
Property Features for 515 W MISSOURI Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A3
- Appliances
- Refrigerator, Range Hood
- Standard status
- Active
- APN
- S636999000A5500
- Size
- 3,240 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)
- Tax Annual Amount
- 4000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1913
- Number of units
- 8
- Flooring type
- Vinyl
- Building materials
- Brick, Stucco
- Roof type
- Shingle
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Gustavo Andazola · License #0433295
(915) 478-5050
Added: Jul 22
Last Checked: Jul 24 at 3:06PM
MLS# 948044
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.
Historic 8-unit apartment building offering 6 studio apartments and 2 one-bedroom units. The property includes shared washer and dryer amenities.
Located in El Paso’s San Francisco Historic District near UTEP, major hospitals, Southwest University Park, I-10, and two international bridges, providing broad access to downtown destinations.
This offering is for sale and will not be shown unless a letter of intent and pre-approval letter are provided.
Located in El Paso’s San Francisco Historic District near UTEP, major hospitals, Southwest University Park, I-10, and two international bridges, providing broad access to downtown destinations.
This offering is for sale and will not be shown unless a letter of intent and pre-approval letter are provided.
Key Highlights
- Historic 8‑unit multi‑family built in 1913
- Total living area: 4,158 SF; includes 6 studio apartments and 2 one‑bedroom units
- Shared washer and dryer amenities for residents
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 | $51.7k | $15.96 |
| − Vacancy | −$2.6k | −$0.80 |
| EGI | $49.1k | $15.16 |
| − OpEx | −$22.1k | −$6.82 |
| NOI | $27.0k | $8.34 |
3,240 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$386.0K
$337.7K – $450.3K
NOI $27,019 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.8K
$711.2K – $948.3K
NOI $56,899 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Historic 8-unit property with shared washer and dryer, featuring 6 studios and 2 one-bedroom units.
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 $579,900.
What are key features of this property?
This property features: Historic 8‑unit multi‑family built in 1913; Total living area: 4,158 SF; includes 6 studio apartments and 2 one‑bedroom units; Shared washer and dryer amenities for residents
