5-Unit Multifamily
For Sale
$330,000
615 617 S Virginia Street, El Paso, TX 79901
Two buildings provide a mix of one- and two-bedroom apartments, with refrigerated air in three units.
Property Size2,138 SF
Price / SF$154.35
Days on Market183
Property Features for 615 617 S Virginia Street
General Information
Standard status
Active
Size
2,138 SF
Property subtype
Multi Family Home
Zoning
R1
Site & Location
Neighborhood
Houston Park Neighborhood Association
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$8,479
Amenities
refrigerated air
Building Details
Building Size
2,138 SF
Year Built
1930
Buildings
2
Stories
1
Units
5
Listing Agency:
Team Juan Uribe
(915) 585-0007
Listed By:
Norma Uribe · License #0395099
(915) 727-3373
Source:
Elpasorealestateco
Added: May 1
Changed: Oct 25
Last Checked: Oct 29 at 8:14PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two multifamily buildings at 615 and 617 S. Virginia Street contain five units totaling 2,138 square feet. The 615 building has two apartments, each with two bedrooms, one bathroom, and a kitchen. The 617 building includes one two-bedroom apartment with a kitchen and one bathroom, plus two one-bedroom, one-bathroom apartments.
Refrigerated air is installed in three of the units. The buildings were constructed in 1930 and are zoned R1. The seller pays the water bill.
Refrigerated air is installed in three of the units. The buildings were constructed in 1930 and are zoned R1. The seller pays the water bill.
Key Highlights
- Five units across two buildings
- 2,138 square feet total
- 615 building: two two‑bedroom, one‑bath units with kitchens
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
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
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings provide a mix of one- and two-bedroom apartments, with refrigerated air in three units.
Where is this multifamily property 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: Five units across two buildings; 2,138 square feet total; 615 building: two two‑bedroom, one‑bath units with kitchens
