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    Multifamily Property in El Paso Title is generated by Realmo AI

    615 617 S VIRGINIA Street, El Paso, TX 79901

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    Claim this Listing
    For Sale
    $350,000

    MULTI_FAMILY - El Paso, TX

    Property size:
    2,138 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $163/SF
    Added:
    Mar 23, 2026
    Days on Market:
    81
    Last Refresh:
    Jun 11 at 12:06 am

    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
    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

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1930
    Number of units
    5
    Flooring type
    Concrete, Tile - Ceramic
    Building materials
    Brick, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Norma Uribe

    Listing agent Norma Uribe

    Listing office Team Juan Uribe 6350 Escondido Dr. Suite A-13, El Paso, TX

    Listing date Mar 23, 2026

    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.

    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.
    • Constructed with durable brick and stucco materials.
    • Includes essential appliances like washer hookups and built‑in electric ovens.
    • Located on S. Virginia.

    Overview

    Two buildings located at 615 and 617 S. Virginia in El Paso, Texas, are available for sale. The property features a total of five units. The building at 615 S. Virginia contains two units, each with two bedrooms, one bathroom, and a kitchen. The building at 617 S. Virginia includes three units; one unit has two bedrooms, a kitchen, and one bathroom, while the other two units each have one bedroom and one bathroom. Three units are equipped with refrigerated air. The seller is responsible for covering the water bill. The property is zoned R1 and has a lot size of 0.14 acres. The total property size is 2138 square feet.

    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 $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 (±1% cap)
    NOI $17,829 @ 7.0% cap · market cap 5.09%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $536.4K
    $469.3K – $625.8K (±1% cap)
    NOI $37,546 @ 7.0% cap · market cap 10.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.479472
    Latitude
    31.754683

    FAQs

    What type of property is this?
    Apartment building - Two buildings with five units in El Paso, Texas.
    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 $350,000.
    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.
    More about this property
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