8-Unit Multifamily in El Paso, TX
TX · listed Jul 28, 2026 (92 days)
- $/unit
- $161,250
- ▲ 75% vs TX · 80th pct
- Cap rate
- —
- NOI
- $115K
- $14,375/unit/yr
- Units
- 8
- 4 bldg · 2017
Financials
- Asking price
- $1,290,000
- Price per unit
- $161,250
- Price per sq ft
- $1,387
- Gross rent / year
- $115,000
- Net operating income
- $115,000
- NOI per unit
- $14,375
- Cap rate
- Not stated
- Gross yield
- 8.9%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- 8 units. Each is 2 bedroom and 1 bath.
- Buildings
- 4
- Year built
- 2017
- Building size
- 930 sq ft
- Avg unit size
- 116 sq ft
- Lot size
- 0.95 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 28, 2026
- Days on market
- 92 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2193
About this property
Exceptional investment opportunity in the rapidly growing Horizon area. This well-maintained 8-unit apartment complex consists of four buildings situated on approximately one acre of fenced and gated land with ample on-site parking. Built in 2017 using quality construction materials, including granite countertops, laminate flooring, subway tiles, etc. The property features attractive zero-scaping for low-maintenance ownership. All eight units are separately metered and offer 2 bedrooms, 1 bathroom, and approximately 930 square feet each. The property is 100% occupied and generates approximately $115,000 in annual rental income. Utilities include city water and electricity, while each unit is served by its own septic system. The site includes its own ponding and offers additional upside with room to construct up to four more units, making this an outstanding value-add opportunity in one of the region's fastest-growing markets.
Multifamily | 8 Units
Highlights
- 8 units. Each is 2 bedroom and 1 bath.
- Annual gross income of $115,000.00
- Tenants pay their own utilities. Each unit is separately metered.
- City water and electric. Each unit has its own septic tank.
- Fenced lot with security gate and ample parking.
- Additional upside with room to construct up to four more units.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 El Paso, TXNewHigh yield | $1.29M | $161K$161K | 8.9% |
 El Paso, TX | $480K | $96K$96K | — |
 El Paso, TX▼ 1% cutStabilized | $1.19M | $119K$119K | — |
 El Paso, TX | $300K | $50K$50K | — |
 El Paso, TXStabilized | $1.5M | $136K$136K | — |
| El Paso, TX Owner financingStabilized | $700K | $50K$50K | — |