Two-Building Residential Income
For Sale
$330,000
615 617 S VIRGINIA Street, El Paso, TX 79901
MULTI_FAMILY - El Paso, TX
Property Size2,138 SF
Lot Size0.14 Acres
Price / SF$154.35
Days on Market135
Property Features for 615 617 S VIRGINIA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Appliances
Washer Hookup, Built-In Electric Oven
Subdivision
Campbell
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
C05099910801100
Size
2,138 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
108 CAMPBELL 3 & 4 (6240.00 SQ FT)
Tax Annual Amount
8479
Legal Description
108 CAMPBELL 3 & 4 (6240.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
1930
Number of units
5
Flooring type
Tile - Ceramic, Concrete
Building materials
Brick, Stucco
Roof type
Shingle
Listing Agency:
Team Juan Uribe
(915) 585-0007
Listed By:
Norma Uribe
(915) 727-3373
Added: Mar 23
Changed: Jun 18
Last Checked: Aug 4 at 6:06PM
MLS# 940767
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 two-building residential income property offers a total of five units between 615 and 617 S. Virginia Street. The 615 building includes two units, each with two bedrooms, one bathroom, and a kitchen. The 617 building includes three units, including one unit with two bedrooms, a kitchen, and one bathroom, plus two additional units with one bedroom and one bathroom. Refrigerated air is included in three of the units.
The property is located in El Paso, Texas 79901, and is designated under zoning R1. The lot size is listed at 0.14 acres.
For tenants or buyers seeking a small, multi-unit setup, the unit mix provides a combination of two-bedroom and one-bedroom layouts across two separate buildings. Per the seller, the water bill is paid by the seller only, which may help simplify operating-cost planning for ownership.
The property is located in El Paso, Texas 79901, and is designated under zoning R1. The lot size is listed at 0.14 acres.
For tenants or buyers seeking a small, multi-unit setup, the unit mix provides a combination of two-bedroom and one-bedroom layouts across two separate buildings. Per the seller, the water bill is paid by the seller only, which may help simplify operating-cost planning for ownership.
Key Highlights
- Two buildings with a total of 5 units, offering diverse rental income opportunities.
- Unit mix includes two‑bedroom and one‑bedroom options, catering to various tenant needs.
- Three units equipped with refrigerated air conditioning.
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 | $34.1k | $15.96 |
| − Vacancy | −$1.7k | −$0.80 |
| EGI | $32.4k | $15.16 |
| − OpEx | −$14.6k | −$6.82 |
| NOI | $17.8k | $8.34 |
2,138 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$536.4K
$469.3K – $625.8K
NOI $37,546 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,679
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property with five units across two buildings, with refrigerated air in three units and seller-paid water.
Where is this apartment building located?
The property is located at 615 617 S VIRGINIA Street El Paso, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two buildings with a total of 5 units, offering diverse rental income opportunities.; Unit mix includes two‑bedroom and one‑bedroom options, catering to various tenant needs.; Three units equipped with refrigerated air conditioning.
