Recently Renovated Five-Unit Multifamily
709 South Virginia Street El Paso, TX 79901
709 South Virginia Street, El Paso, TX, 79901
$294,000
For Sale
$294,000
Recently renovated five-unit multifamily property, fully occupied, generating $2,600 revenue.
Property Size2,543 SF
Price / SF$115.61
Days on Market326
Property Features for 709 South Virginia Street
General Information
- Standard status
- Active
- Size
- 2,543 SF
- Property subtype
- Multi-Family / Quadruplex
Building Details
- Year Built
- 1950
Listing Agency
Home Pros Real Estate Group
(915) 449-9698
Listed by
Edwin Morales Juarez · License #0721112
Source
Compass
Added: Aug 27, 2025 Checked: Jul 17 at 4:56 am
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
Investment Insights
Based on property information with market context.
This is a recently renovated five-unit multifamily property. The property is fully occupied, generating a total revenue of $2,600. The building has a property size of 2,543 square feet. Intended use of the property is for residential income.
Key Highlights
- Recently renovated 5‑unit property.
- Fully occupied with a total revenue of $2,600.
- Heating and Cooling are present.
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 | $40.6k | $15.96 |
| − Vacancy | −$2.0k | −$0.80 |
| EGI | $38.6k | $15.16 |
| − OpEx | −$17.4k | −$6.82 |
| NOI | $21.2k | $8.34 |
2,543 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Recently renovated five-unit multifamily property, fully occupied, generating $2,600 revenue.
Where is this apartment building located?
The property is located at 709 South 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: Recently renovated 5‑unit property.; Fully occupied with a total revenue of $2,600.; Heating and Cooling are present.
