Address
515 W Missouri Avenue 1,2,3,4,5,6,7,8, El Paso, TX
Price
$ 559,900
Property Attributes
- MLS#948044
- TypeSingle Family
- Listing Status Active
- CountyEl Paso
- CityEl Paso
- NeighborhoodEast El Paso
- Zip79901
- Style
- Year Built1913
- Taxes$ 4000
- Price$ 559,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3240
- Lot Size0.1 Acres
Data Source:
Greater El Paso Association of REALTORS® (GEPAR)
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Aoy Elementary School | Guillen Middle School | Bowie High School |
| Price History | |
|---|---|
| 7/22/2026 | Listed $579,900 |
| 8/4/2026 | 3$559,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Natural Gas |
| Cooling | Ceiling Fan(s),Central Air,Refrigerated |
| Utilities | All City |
| Roof | Pitched,Shingle |
| Appliances | Refrigerator,Range Hood |
| Zoning | A3 |
| Construction Materials | Brick,Stucco |
| Pets Allowed | No |
| Year Built | 1913 |
| Tenant Pays | Electricity,Gas,Parking Fee |
| Unit Number | 1,2,3,4,5,6,7,8 |
| Property Subtype | House Plus Unit(s) |
| Tax Year | 2025 |
| Gross Income | 60780 |
| OwnerPays | Trash Collection,Water |
| County | El Paso |
| Operating Expense | 16027 |
| Property Type | Residential Income |
| Attached Garage | false |
| Subdivision Name | East El Paso |
| Building Features | Balconies/Deck,High Speed Internet,Laundry Equip - Owned,Washer/Dryer |
| Other Structures | None |
| Status | Active |
| High School | Bowie |
| City | El Paso |
| High School District | El Paso |
| Number Of Units Total | 8 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 4356 |
| Elementary School | Aoy |
| Tax Annual Amount | 4000 |
| Middle/Junior High School | Guillen |
| Virtual Tour | https://www.propertypanorama.com/instaview/gepar/948044 |
Interior Features
| Flooring | Vinyl |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Parking Features | Street Only,See Remarks |
|---|---|
| Water Source | City |
| Lot Size Area | 0.1 |
| Building Area Total | 3240 |
| Lot Size Acres | 0.1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 79901
Price
Taxes
Year Built
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Greater El Paso Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
