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- Description
- Property Details
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$549,900
Monthly Est:$2,737
-- Bed
-- Bath
3,240sqft
515 W Missouri Ave #1,2,3,4,5,6,7,8, El Paso, TX 79901
$549,900
$2,737/moEst:
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Multi Family
Built in 1913
$-- HOA
0.1 acre lot
$170/sq.ft
Description
8-unit multifamily in El Paso's historic district, minutes from UTEP and downtown. All eight units occupied, producing $60,780 annual scheduled rent against $16,027 operating expenses -- $41,714 NOI at a 7.45% cap. The opportunity is flexibility: five of eight units are on month-to-month terms with a sixth just rolled, so a new owner can reposition rents immediately instead of waiting out a staggered lease stack. Bringing units to market lifts scheduled income to $68,400 (+13%), with Unit 2 alone $250/month under market. Established student and workforce tenant base, 4.63% actual collection loss YTD, taxes and insurance paid in full for 2026. Rent roll, T-12 and full OM available on request. Buyer to verify all figures including post-sale tax reassessment.
- Houzeo last checked: 1 minute ago
- Listing updated: September 28, 2026 at 4:28 am
- Listing Provided by: Gustavo Andazola (915) 478-5050 | The Real Estate Power Houses (915) 549-4663
- Source: Greater El Paso MLS-TX | MLS#: 948044
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1913
HOA Fees
-
Finished Area
3,240 sqft
Lot Size
0.1 acre lot
Basement Area
- sqft
MLS Name
Greater El Paso MLS
MLS Number
948044
MLS Status
Active
Days on Market
78
Cumulative Days on Market
69
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Cooling
Ceiling Fan(s), Central Air, Refrigerated
Flooring
Vinyl
Appliances
Refrigerator, Range Hood
Heating
Central, Natural Gas
Sewer
Public Sewer
Construction
Year Built
Year Built: 1913
Home type
Multi Family
Roof
Pitched, Shingle
Construction Materials
Brick, Stucco
Utilities & Energy
Water Source
City
Utilities
All City
Parking Features
Street Only, See Remarks
Other Features
Subdivision Name
East El Paso
Tenant Pays
Electricity, Gas, Parking Fee
Price History
| Date | Event | Price |
|---|---|---|
09/28/2026 Source: | Price Decreased | $549,900 -1.79% $170/sqft |
08/04/2026 Source: | Price Decreased | $559,900 -3.45% $173/sqft |
07/22/2026 Source: | Price Decreased | $579,900 -1.04% $179/sqft |
06/03/2026 Source: | Price Decreased | $586,000 -0.42% $181/sqft |
05/29/2026 Source: | Price Decreased | $588,444 -0.25% $182/sqft |
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Based on information from the Greater El Paso Association of REALTORS® (alternatively, from GEPAR) from the Multiple Listing Service through Oct 08, 2026, 08:15PM. Neither the Board nor GEPAR guarantees or is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by the Board or GEPAR may not reflect all real estate activity in the market. Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Greater El Paso Association of Realtors.
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