5-Unit Apartment
For Sale
$294,000
709 S Virginia Street, El Paso, TX 79901
Recent renovations and full occupancy define this multifamily property.
Property Size2,543 SF
Price / SF$115.61
Days on Market175
Property Features for 709 S Virginia Street
General Information
Standard status
Active
Size
2,543 SF
Property subtype
Multi Family Home
Zoning
A3
Occupancy
100%
Site & Location
Neighborhood
Southside Neighborhood Association
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,031
Building Details
Building Size
2,543 SF
Year Built
1950
Stories
1
Units
5
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Edwin Morales Juarez · License #0721112
(915) 449-9698
Source:
Elpasorealestateco
Added: May 4
Changed: Oct 23
Last Checked: Oct 23 at 3:24PM
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 Home Pros Real Estate Group
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Investment Insights
Based on property information with market context.
This 5-unit apartment property contains 2,543 square feet and was built in 1950. Recent renovations have been completed, and all five units are occupied. The property is zoned A3.
A separate 2-unit property next door at 711 S Virginia Street is also being offered for sale.
A separate 2-unit property next door at 711 S Virginia Street is also being offered for sale.
Key Highlights
- Five apartment units; all are occupied
- 2,543 square feet
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,206
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,120
$424.1K
Cap Rate 7%
$302,943
$302.9K
Cap Rate 9%
$235,622
$235.6K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$40.6K $15.96/SF
− Vacancy
−$2.0K −$0.80/SF
EGI
$38.6K $15.16/SF
− OpEx
−$17.4K −$6.82/SF
NOI
$21.2K $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%
$424,120
Cap Rate 7%
$302,943
Cap Rate 9%
$235,622
Alternative Uses
Best Use
Apartment 5plus
$302.9K
$265.1K – $353.4K
NOI $21,206 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.0K
$558.2K – $744.3K
NOI $44,659 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,022
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Recent renovations and full occupancy define this multifamily property.
Where is this apartment building located?
The property is located at 709 S Virginia Street El Paso, TX.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: Five apartment units; all are occupied; 2,543 square feet; Built in 1950
