Multifamily Property in El Paso,
8168 VALLEY VIEW Drive, El Paso, TX 79907
MULTI_FAMILY - El Paso, TX
Property size:
3,810 SFLot size:
0.51 AcresPrice / SF:
$117/SF- Added:
- Mar 3, 2026
- Days on Market:
- 91
- Last Refresh:
- Jun 2 at 9:06 am
Property Features for 8168 VALLEY VIEW Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Parking features
- On Street
- Appliances
- Water Heater, Refrigerator, Free-Standing Gas Oven
- Standard status
- Active
- APN
- V23699900104300
- Size
- 3,810 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- VALLEY HOME WLY PT OF 10 & ELY PT OF 11 (68.18 ON N - 323.53 ON E - 76.46 ON S - 358.50 ON W)
- Tax Annual Amount
- 7339
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Wall Furnace
- Cooling system
- Varies by Unit, Ceiling Fan(s), Evaporative Cooling
Building Details
- Year built
- 1960
- Number of units
- 5
- Flooring type
- Carpet, Hardwood, Vinyl
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Celeste Palacios (915) 261-8627
Listing office Realty One Group Mendez Burk 5925 Silver Springs Suite A, El Paso, TX (915) 231-1225
Listing date Mar 3, 2026
MLS# 939236
Listing URL
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
- Prime multifamily property with development potential on a 0.51‑acre lot.
- Four apartment units, each with 2 bedrooms, 1 bathroom, and individual fenced yards.
- Main house with 2 bedrooms, 1 bathroom, and a garage.
- Convenient access to Yarbrough Rd & Loop 375.
- Walking distance to J.P. Shawver Park.
- Xeriscape front yard for low maintenance.
Overview
This multifamily property is located in a quiet area and situated on a 0.51-acre lot with potential for additional development. The main house features approximately 810 square feet of living space, including 2 bedrooms, 1 bathroom, a xeriscape front yard, a mini-split cooling unit, and a garage. There are also four apartment units, each offering approximately 750 square feet of living space with 2 bedrooms and 1 bathroom. Each apartment includes ceiling fans, a refrigerator, a gas stove, and an individual wood-fenced yard. The property offers convenient access to Yarbrough Road and Loop 375 and is within walking distance of J.P. Shawver Park. The property is located in El Paso, TX.
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 | $60.8k | $15.96 |
| − Vacancy | −$3.0k | −$0.80 |
| EGI | $57.8k | $15.16 |
| − OpEx | −$26.0k | −$6.82 |
| NOI | $31.8k | $8.34 |
3,810 SF · lease $15.96/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$453.9K
$397.2K – $529.5K
NOI $31,772 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.8K
$836.4K – $1.12M
NOI $66,909 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.358663
- Latitude
- 31.71345
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property on 0.51 acres with development potential.
Where is this apartment building located?
The property is located at 8168 VALLEY VIEW Drive El Paso, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Prime multifamily property with development potential on a 0.51‑acre lot.; Four apartment units, each with 2 bedrooms, 1 bathroom, and individual fenced yards.; Main house with 2 bedrooms, 1 bathroom, and a garage.
