Updated 4-Unit
For Sale
$308,000
Pending
9012 Matterhorn Drive, El Paso, TX 79904
R4-zoned four-residence property with upgraded interiors and shared outdoor amenities.
Property Size2,814 SF
Days on Market308
Property Features for 9012 Matterhorn Drive
General Information
Standard status
Pending
Size
2,814 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Quadruplex
Zoning
R4
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,369
Amenities
laundry facilities
fenced backyard
play set
Yes
Ceramic Tile, Carpet
See Remarks, Washer Hookup, Refrigerator, Range Hood, Gas Water Heater, Disposal, Dishwasher
.00
Shingle
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Alpha Omega Real Estate Group LLC
(915) 383-9501
Listed By:
Sara Bagby · License #0546769
(915) 383-9501
Source:
Compass
Added: Oct 27, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:03PM
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 Alpha Omega Real Estate Group LLC
Investment Insights
Based on property information with market context.
This 2,814-square-foot quadplex, built in 1955, has been renovated with contemporary finishes throughout. All four units feature granite countertops, updated flooring, recessed and track lighting, appliances, TRANE refrigerated air, and ceiling fans in every bedroom. Ceramic tile and carpet are included among the interior finishes. The second-floor residence adds an enclosed wrap-around patio connected to the primary bedroom. Two units have associated laundry facilities, including the four-bedroom and three-bedroom residences.
The property at 9012 Matterhorn Drive in El Paso includes a fenced backyard with a play set and four parking spaces. Additional equipment includes a gas water heater, dishwasher, disposal, refrigerator, range hood, and washer hookups. R4 zoning is identified for the property.
The property at 9012 Matterhorn Drive in El Paso includes a fenced backyard with a play set and four parking spaces. Additional equipment includes a gas water heater, dishwasher, disposal, refrigerator, range hood, and washer hookups. R4 zoning is identified for the property.
Key Highlights
- 2,814‑square‑foot quadplex on 0.00?
- Four residential units with granite countertops, updated flooring, recessed and track lighting, and appliances
- TRANE refrigerated air and ceiling fans in every bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,442
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,840
$508.8K
Cap Rate 7%
$363,457
$363.5K
Cap Rate 9%
$282,689
$282.7K
Market Conditions
NOI Build-Up for 2,814 SF
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.
Gross rent
$38.2K $13.56/SF
− Vacancy
−$1.8K −$0.64/SF
EGI
$36.3K $12.92/SF
− OpEx
−$10.9K −$3.87/SF
NOI
$25.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,840
Cap Rate 7%
$363,457
Cap Rate 9%
$282,689
Alternative Uses
Best Use
Multifamily LT 5
$363.5K
$318.0K – $424.0K
NOI $25,442 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,466 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$706.0K
$617.7K – $823.6K
NOI $49,418 @ 7.0% cap · market cap 16.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
557
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 - R4-zoned four-residence property with upgraded interiors and shared outdoor amenities.
Where is this quadplex located?
The property is located at 9012 Matterhorn Drive El Paso, TX.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: 2,814‑square‑foot quadplex on 0.00?; Four residential units with granite countertops, updated flooring, recessed and track lighting, and appliances; TRANE refrigerated air and ceiling fans in every bedroom
