Building Details

Year Built 1930

Buildings 2

Listing Agency: Team Juan Uribe

Listed By: Norma Uribe · License #0395099 Show Phone

Source: Compass

Added: Nov 29, 2025 Changed: Oct 10 Last Checked: Oct 19 at 8:24AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Team Juan Uribe

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Investment Insights

Based on property information with market context.

This 5-unit apartment property comprises two separate buildings at 615 and 617 South Virginia Street. The 615 building contains two units, each identified with two bedrooms, one bathroom, and a kitchen. The 617 building includes three units; one is described with two bedrooms, one bathroom, and a kitchen. Interior features include ceramic tile, concrete, washer hookups, and a built-in electric oven. The buildings were constructed in 1930, and the property carries R1 zoning. The address places the asset on South Virginia Street in El Paso, Texas, with the two-building layout providing a defined multifamily configuration.

Key Highlights

• Five residential units distributed across two buildings
• 615 South Virginia Street building includes two two‑bedroom, one‑bath units with kitchens
• 617 South Virginia Street building contains three units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,829

Cap Rate

5.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,580 $356.6K

Cap Rate 7%

$254,700 $254.7K

Cap Rate 9%

$198,100 $198.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,138 SF

Gross rent

$34.1K $15.96/SF

− Vacancy

−$1.7K −$0.80/SF

EGI

$32.4K $15.16/SF

− OpEx

−$14.6K −$6.82/SF

NOI

$17.8K $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%

$356,580

Cap Rate 7%

$254,700

Cap Rate 9%

$198,100

Alternative Uses

Best Use

Apartment 5plus

$254.7K

$222.9K – $297.2K (±1% cap)

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 (±1% cap)

NOI $37,546 @ 7.0% cap · market cap 11.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

3,714

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Two separate buildings offer five residential units with kitchens, bathrooms, ceramic tile, and concrete finishes.

Where is this apartment building located?

The property is located at 615-617 South 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: Five residential units distributed across two buildings; 615 South Virginia Street building includes two two‑bedroom, one‑bath units with kitchens; 617 South Virginia Street building contains three units