Description
Rare opportunity to acquire a fully leased 9-unit apartment building in a tight Northeast El Paso submarket with proven rent growth and virtually no vacancy. Located in the heart of Angel's Triangle at 4709 Maxwell Ave, the property is surrounded by small multifamily assets experiencing rising rents and limited new competition. This two-story garden-style complex features nine 2-bedroom units, on-site parking (4 striped spaces, 0.4 per unit), and a simple, easy-to-manage layout consistent with neighboring properties. The asset maintains 0.0% vacancy in a submarket where comparable properties report vacancy in the 15-17% range, underscoring its leasing strength and rent-growth potential. In total, nearby rent comps account for 46 units and show consistent effective rent growth over the past 3-5 years with stable occupancy, indicating durable workforce housing demand.
Details
| MLS # | 936186 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 302 |
| Listing Provided By | Cap Rate Real Estate Group | Anibal Olague |
Features
| Story(s) | 2 |
|---|---|
| Zoning | A2 |
| Acreage | 0.37 |
Taxes
| Property | 10772 |
|---|
Area Information
| State | TX |
|---|---|
| County | El Paso |
| City | El Paso |
| Zip Code | 79904 |
| Community Name | Maxwell |
| Listing VS Median (in Maxwell) | |
Price: $600,000 low | high Med: $0 On site: 302 low | high Med: | |
Market Activity 79904
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Learn More About This Property
| State | TX |
|---|---|
| County | El Paso |
| City | El Paso |
| Zip Code | 79904 |
| Community Name | Maxwell |
| Listing VS Median (in Maxwell) | |
Price: $600,000 low | high Med: $0 On site: 302 low | high Med: | |