Five-Unit Apartment
For Sale
$449,000
8168 Valley View Drive, El Paso, TX 79907
Four apartments and a separate two-bedroom house provide a varied residential configuration on one parcel.
Property Size3,810 SF
Lot Size0.51 Acres
Price / SF$117.85
Days on Market236
Property Features for 8168 Valley View Drive
General Information
Standard status
Active
Size
3,810 SF
Lot size
0.51 Acres
Property subtype
Multi Family Home
Zoning
R3
Site & Location
Neighborhood
Thomas Manor Neighborhood Association
Additional Details
Unit Mix
1 x 2BR/1BA, 4 x 2BR/1BA
Taxes and HOA fees
Annual Taxes
$7,339
Amenities
xeriscape front yard
mini-split cooling unit
garage
ceiling fans
refrigerator
gas stove
individual wood-fenced yards
Building Details
Building Size
3,810 SF
Year Built
1960
Stories
1
Units
5
Listing Agency:
ERA Sellers & Buyers Real Esta
(915) 585-2222
Listed By:
Celeste Palacios
(915) 261-8627
Source:
Elpasorealestateco
Added: Mar 3
Changed: Oct 23
Last Checked: Oct 23 at 4:11PM
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 ERA Sellers & Buyers Real Esta
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Investment Insights
Based on property information with market context.
This R3-zoned multifamily property combines a main house with four apartment units on a 0.51-acre lot. Built in 1960, the property has 3,810 square feet of living space. The house includes two bedrooms, one bathroom, a garage, xeriscape landscaping in front, and a mini-split cooling unit.
Each apartment offers approximately 750 square feet, two bedrooms, and one bathroom, along with ceiling fans, a refrigerator, a gas stove, and an individual wood-fenced yard. The property is near Yarbrough Road and Loop 375, with J.P. Shawver Park within walking distance.
Each apartment offers approximately 750 square feet, two bedrooms, and one bathroom, along with ceiling fans, a refrigerator, a gas stove, and an individual wood-fenced yard. The property is near Yarbrough Road and Loop 375, with J.P. Shawver Park within walking distance.
Key Highlights
- Five residential units: one main house and four apartments
- 3,810 square feet of living space on a 0.51‑acre lot
- R3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,772
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,440
$635.4K
Cap Rate 7%
$453,886
$453.9K
Cap Rate 9%
$353,022
$353.0K
Market Conditions
NOI Build-Up for 3,810 SF
Gross rent
$60.8K $15.96/SF
− Vacancy
−$3.0K −$0.80/SF
EGI
$57.8K $15.16/SF
− OpEx
−$26.0K −$6.82/SF
NOI
$31.8K $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%
$635,440
Cap Rate 7%
$453,886
Cap Rate 9%
$353,022
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 authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
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Business Placement
Demographics for 79907, TX
50,971
Population
17,505
Households
2.9
Avg Household Size
39
Median Age
13%
College-Educated
71%
High-School Grad
13.7 sq mi
ZIP Area
3,721
Density / Sq Mi
$41,901
Median Household Income
$25,661
Median Earnings
$910
Median Rent
$110,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments and a separate two-bedroom house provide a varied residential configuration on one parcel.
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: Five residential units: one main house and four apartments; 3,810 square feet of living space on a 0.51‑acre lot; R3 zoning
