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1207 E Rio Grande 1207 E Rio Grande Ave 5 Unit Apartment Building $305,000 ($61,000/Unit) 6.39% Cap Rate El Paso, TX 79902
Matterport 3D Tours
Investment Highlights
- No vacancy
- Centraly located
Executive Summary
DO NOT DISTURB TENANTS PLEASE. 36 hour notice to show. Virtual tours available for immediate access.
Charming 1900s home, converted into 5 fully rented 1 bedroom apartments prior to 1977, each generating $600 a month in renal income. Off street parking in back, A storage building and shed are included. Historic charm with consistant rental income. TLC needed.
AS IS. Owner pays utilities.
Basement has been an appartment since before 1977 but not listed as living space on cad.
Upstairs https://my.matterport.com/show/?m=FRFQ7ngMrbk&mls=1
Basement Unit https://my.matterport.com/show/?m=88giERjSarv&mls=1
Back unit https://my.matterport.com/show/?m=
Front Unit https://my.matterport.com/show/?m=mVs24rD9UKE&mls=1
Charming 1900s home, converted into 5 fully rented 1 bedroom apartments prior to 1977, each generating $600 a month in renal income. Off street parking in back, A storage building and shed are included. Historic charm with consistant rental income. TLC needed.
AS IS. Owner pays utilities.
Basement has been an appartment since before 1977 but not listed as living space on cad.
Upstairs https://my.matterport.com/show/?m=FRFQ7ngMrbk&mls=1
Basement Unit https://my.matterport.com/show/?m=88giERjSarv&mls=1
Back unit https://my.matterport.com/show/?m=
Front Unit https://my.matterport.com/show/?m=mVs24rD9UKE&mls=1
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Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$10.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$10.12
|
| Taxes |
$5,663
|
$1.59
|
| Operating Expenses |
$10,843
|
$3.05
|
| Total Expenses |
$16,506
|
$4.64
|
| Net Operating Income |
$19,494
|
$5.48
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $10.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $10.12 |
| Taxes | |
|---|---|
| Annual | $5,663 |
| Annual Per SF | $1.59 |
| Operating Expenses | |
|---|---|
| Annual | $10,843 |
| Annual Per SF | $3.05 |
| Total Expenses | |
|---|---|
| Annual | $16,506 |
| Annual Per SF | $4.64 |
| Net Operating Income | |
|---|---|
| Annual | $19,494 |
| Annual Per SF | $5.48 |
Property Facts Under Contract
| Price | $305,000 | Property Subtype | Apartment |
| Price Per Unit | $61,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.39% | Lot Size | 0.18 AC |
| Sale Condition | Deferred Maintenance | Building Size | 3,559 SF |
| Gross Rent Multiplier | 99 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1901 |
| Zoning | A-2 - Medium Density Apartment | ||
| Price | $305,000 |
| Price Per Unit | $61,000 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| Sale Condition | Deferred Maintenance |
| Gross Rent Multiplier | 99 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,559 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1901 |
| Zoning | A-2 - Medium Density Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- Fenced Lot
- Tenant Controlled HVAC
- Smoke Free
- Public Transportation
- Smoke Detector
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | F607-999-0830-7800 | Total Assessment | $306,670 (2025) |
| Land Assessment | $26,250 (2025) | Annual Taxes | $5,663 ($1.59/SF) |
| Improvements Assessment | $280,420 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
F607-999-0830-7800
Land Assessment
$26,250 (2025)
Improvements Assessment
$280,420 (2025)
Total Assessment
$306,670 (2025)
Annual Taxes
$5,663 ($1.59/SF)
Tax Year
2024
1 of 66
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
1 of 1
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1207 E Rio Grande | 1207 E Rio Grande Ave
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