8-Unit Apartment
For Sale
$549,900
515 W MISSOURI Avenue, El Paso, TX 79901
Residential Income, El Paso, TX
Property Size3,240 SF
Lot Size0.10 Acres
Price / SF$169.72
Days on Market99
Property Features for 515 W MISSOURI Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
A3
Parking features
Assigned
Appliances
Water Heater, Washer, Refrigerator, Range Hood, Microwave, Dryer
Subdivision
East El Paso
Elementary school
Aoy
Middle school
Guillen
High school
Bowie
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
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
Legal Description
A STEVENS 22 & W 10.01 FT OF 21 (4201.20 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central, Natural Gas
Cooling system
Central Air, Ceiling Fan(s), Heat Pump
Building Details
Year built
1913
Floors in Building
2
Number of units
8
Flooring type
Wood, Tile, Vinyl
Building materials
Brick, Stucco
Roof type
Shingle
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Gustavo Andazola
(915) 478-5050
Added: Jul 22
Changed: Oct 28
Last Checked: Oct 28 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 3,240 square feet on a 0.1-acre lot and dates to 1913. Brick and stucco exterior materials, vinyl, tile, and wood flooring, and a shingle roof are among its physical features. Heating and cooling include central systems and heat pumps. Appliances include a washer, dryer, refrigerator, microwave, range hood, and water heater; parking is assigned. The property is zoned A3 and connects to public sewer.
In Downtown El Paso, the property is near Southwest University Park, UTEP, hospitals, and downtown dining and entertainment. I-10 access is also identified in the property information.
In Downtown El Paso, the property is near Southwest University Park, UTEP, hospitals, and downtown dining and entertainment. I-10 access is also identified in the property information.
Key Highlights
- 8 apartments in a 3,240‑square‑foot building
- 0.1‑acre lot
- Built in 1913
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,019
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,380
$540.4K
Cap Rate 7%
$385,986
$386.0K
Cap Rate 9%
$300,211
$300.2K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$51.7K $15.96/SF
− Vacancy
−$2.6K −$0.80/SF
EGI
$49.1K $15.16/SF
− OpEx
−$22.1K −$6.82/SF
NOI
$27.0K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,380
Cap Rate 7%
$385,986
Cap Rate 9%
$300,211
Alternative Uses
Best Use
Apartment 5plus
$386.0K
$337.7K – $450.3K
NOI $27,019 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.8K
$711.2K – $948.3K
NOI $56,899 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick and stucco construction, central air, and assigned parking serve this multifamily property.
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 $549,900.
What are key features of this property?
This property features: 8 apartments in a 3,240‑square‑foot building; 0.1‑acre lot; Built in 1913
