Eight-Unit Quadplex
For Sale
$1,100,000
8931 & 8935 Marks Drive, El Paso, TX 79904
Residential Income, El Paso, TX
Property Size6,496 SF
Lot Size0.50 Acres
Price / SF$169.33
Days on Market64
Property Features for 8931 & 8935 Marks Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A2
Parking
11
Parking features
Assigned, Guest
Appliances
Washer Hookup, Refrigerator, Free-Standing Gas Oven, Dishwasher
Subdivision
Del Norte Acres
Elementary school
H R Moye
Middle school
Canyonh
High school
Irvin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
D36199901001700 AND D36199901001800
Size
6,496 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
10 DEL NORTE ACRES LOT 8 & 10.00 FT PT OF ADJ ALLEY WAY, AND 10 DEL NORTE ACRES LOT 9 & 10.00 FT PT OF ADJ ALLEY WAY
Tax Annual Amount
25927
Legal Description
10 DEL NORTE ACRES LOT 8 & 10.00 FT PT OF ADJ ALLEY WAY, AND 10 DEL NORTE ACRES LOT 9 & 10.00 FT PT OF ADJ ALLEY WAY
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s)
Amenities
refrigerated air
private yard
gated property
Building Details
Year built
2010
Number of units
8
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Shingle
Listing Agency:
ERA Sellers & Buyers Real Esta · ERA Real Estate
(915) 585-2222
Listed By:
Veronica Garcia · License #0696447
(915) 630-3502
Added: Aug 13
Changed: Oct 2
Last Checked: Oct 15 at 6:06AM
MLS# 949309
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.
Investment Insights
Based on property information with market context.
This residential income property includes two separate quadplex buildings being offered together, with 8 units and 6 occupied units. Each residence is configured with 2 bedrooms and 2 bathrooms, along with a private yard and 1-car garage. The property was built in 2010 and occupies 0.5 acres, with 6,496 square feet of building area.
A gated layout adds controlled access, while assigned and guest parking support day-to-day use. Unit features include tile and laminate flooring, washer hookups, refrigerators, free-standing gas ovens, and dishwashers. The property is served by public sewer and includes shingle roofing, stucco construction, central heating, forced air, and ceiling fans. Zoned A2 and located in El Paso, the package is near major highways, shopping, dining, and everyday amenities.
A gated layout adds controlled access, while assigned and guest parking support day-to-day use. Unit features include tile and laminate flooring, washer hookups, refrigerators, free-standing gas ovens, and dishwashers. The property is served by public sewer and includes shingle roofing, stucco construction, central heating, forced air, and ceiling fans. Zoned A2 and located in El Paso, the package is near major highways, shopping, dining, and everyday amenities.
Key Highlights
- Two quadplex buildings sold together with 8 total units
- 6 occupied units with established rental income in place
- Each unit includes 2 bedrooms, 2 bathrooms, a private yard, and a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,731
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,620
$1.2M
Cap Rate 7%
$839,014
$839.0K
Cap Rate 9%
$652,567
$652.6K
Market Conditions
NOI Build-Up for 6,496 SF
Gross rent
$88.1K $13.56/SF
− Vacancy
−$4.2K −$0.64/SF
EGI
$83.9K $12.92/SF
− OpEx
−$25.2K −$3.87/SF
NOI
$58.7K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,620
Cap Rate 7%
$839,014
Cap Rate 9%
$652,567
Alternative Uses
Best Use
Multifamily LT 5
$839.0K
$734.1K – $978.9K
NOI $58,731 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$773.9K
$677.1K – $902.9K
NOI $54,171 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,079 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 79904, TX
31,491
Population
13,571
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
78%
High-School Grad
12.0 sq mi
ZIP Area
2,624
Density / Sq Mi
$40,892
Median Household Income
$28,775
Median Earnings
$1,017
Median Rent
$117,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Two gated buildings offer private yards, one-car garages, and established occupancy across the package.
Where is this quadplex located?
The property is located at 8931 & 8935 Marks Drive El Paso, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two quadplex buildings sold together with 8 total units; 6 occupied units with established rental income in place; Each unit includes 2 bedrooms, 2 bathrooms, a private yard, and a 1‑car garage
