El Paso, TX 79902 El Paso, TX 79902
MULTI_FAMILY - El Paso, TX
- Added:
- Apr 11, 2026
- Days on Market:
- 95
- Last Refresh:
- Jul 14 at 12:06 am
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- M3
- Parking features
- Secured
- Appliances
- Free-Standing Gas Oven
- Standard status
- Active
- APN
- A46299904107700
- Size
- 2,396 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 41 ALEXANDER 18 & S 1/2 OF 17 (HOMESITE) (2318 SQ FT)
- Tax Annual Amount
- 5847
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air, Evaporative Cooling
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic, Laminate
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jackie Stevens (915) 630-4441
Listing office REAL Broker LLC 2626 Cole Ave. Ste. 300, Dallas, TX (855) 450-0442
Listing date Apr 11, 2026
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.
The property is located in El Paso, Texas, within ZIP code 79902. The listed zoning is M3.
For buyers seeking a multifamily asset with unit-level amenities, the separate kitchens and dedicated laundry areas can support a tenant-friendly layout. The presence of a basement adds versatility for operators looking to consider additional space in their overall rental strategy. As presented, the property offers a straightforward residential income building format under M3 zoning, suitable for investors evaluating multifamily ownership in the El Paso 79902 area.
Key Highlights
- 2‑story 2,300 SF multi‑family property in El Paso’s historic district (ZIP 79902)
- Each unit includes a fully equipped kitchen and dedicated laundry room
- Living spaces feature a fireplace
Local Financial Insights For Multifamily LT 5
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 | $32.5k | $13.56 |
| − Vacancy | −$1.5k | −$0.64 |
| EGI | $30.9k | $12.92 |
| − OpEx | −$9.3k | −$3.87 |
| NOI | $21.7k | $9.04 |
