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    Horizon City Multifamily Investment Property Title is generated by Realmo AI

    561 Agua De Mar, Horizon City, TX 79928

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    Pending
    $280,000

    MULTI_FAMILY - Horizon City, TX

    Property size:
    3,877 SF
    Lot size:
    0.34 Acres
    Added:
    Feb 3, 2026
    Days on Market:
    101
    Last Refresh:
    May 15 at 4:06 am

    Property Features for 561 Agua De Mar

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Appliances
    Water Heater, Refrigerator, Microwave, Double Oven, Dishwasher, Cooktop
    Standard status
    Pending
    APN
    396301
    Size
    3,877 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    9 AGUA DULCE #4 LOT 69 (14984.64 SQ FT)
    Tax Annual Amount
    10553

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Forced Air
    Cooling system
    Evaporative Cooling, Window Unit(s), Ceiling Fan(s)

    Building Details

    Year built
    2010
    Number of units
    3
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Paul Glenn Smith

    Listing agent Paul Glenn Smith License #0699641

    Listing office Home Pros Real Estate Group 1035 Belvidere St., Suite 200, el paso, TX

    Listing date Feb 3, 2026

    MLS# 937614 Listing URL

    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

    • Income‑generating property with two existing rental units and tenants.
    • Spacious main house (2317 sqft) featuring 4 bedrooms and 2 bathrooms.
    • Main house boasts modern amenities including granite countertops, custom lighting, and refrigerated air.
    • Includes a second 2‑bedroom rental unit with refrigerated air.
    • Option to convert the third unit to refrigerated air with a $6k seller credit.
    • Built in 2010 with tile flooring throughout all units.

    Overview

    This multifamily property in Horizon City, Texas, presents an investment opportunity with existing tenants. The main house spans 2317 square feet and includes 4 bedrooms, 2 bathrooms, and 2 living spaces, featuring tall ceilings, a large family room with an 8-foot wide electric fireplace, tile flooring throughout, custom lighting, granite countertops, and refrigerated air. The second unit offers 2 bedrooms, a living room, a bathroom, and a spacious kitchen, also equipped with refrigerated air. The third unit is a single bedroom with a bathroom and kitchenette, cooled by evaporative cooling. The seller is offering up to $6,000 for the buyer to convert the third unit to refrigerated air. The seller occupies the main house, while the other units are currently rented on a month-to-month basis. The property is situated on a 0.34-acre lot. The total property size is 3877 square feet. The zoning is R1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Horizon City
    County
    El Paso
    State
    Texas
    Longitude
    -106.141
    Latitude
    31.6697

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    FAQs

    What type of property is this?
    Triplex - Multifamily property with existing tenants in Horizon City, Texas.
    Where is this triplex located?
    The property is located at 561 Agua De Mar Horizon City, TX.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: Income‑generating property with two existing rental units and tenants.; Spacious main house (2317 sqft) featuring 4 bedrooms and 2 bathrooms.; Main house boasts modern amenities including granite countertops, custom lighting, and refrigerated air.
    (915) 780-8566
    We can help!
    Listing Contact
    Paul Glenn Smith
    Real Estate License ID: 0699641
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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