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$399,500

2219 Magoffin Ave, El Paso, TX, 79901

On MarketInfo
Baths3,197 Sq Ft
price_per_sqft$124.96 / sqft
Year BuiltBuilt in 1912

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRefrigerator, Microwave, Free-Standing Gas Oven
FlooringVinyl

Exterior

Lot Size4,500 sqft

Building Information

Year Built1912

Land Information

APNB202-999-0340-8600
SubdivisionA Bassett
Land UseResidential
Legal Description34 BASSETT 26 & W 1/2 OF 27 (4500.00 SQ FT)
Census Tract002800
Assessed Land Value$29,250
Assessed Improvement Value$429,518
Assessment Year2025

About this property

Excellent investment opportunity in the heart of Downtown El Paso! This fully remodeled 6-unit multifamily property offers immediate income with all six units currently leased. Each unit has been tastefully updated and features energy-efficient mini-split heating and refrigerated air systems, modern finishes, and attractive living spaces that appeal to today's tenants. Situated in the historic Magoffin neighborhood just minutes from Downtown El Paso, UTEP, hospitals, the Medical Center, shopping, dining, entertainment, and the international bridges, this property enjoys a highly desirable rental location. Strong occupancy, updated interiors, and excellent proximity to major employers and transportation make this a turnkey investment with outstanding long-term potential. Don't miss this rare opportunity to own a fully occupied, income-producing multifamily property .

Investor Tools

$344,795Estimated Mortgage Balance
$115,018Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,753 /month
Positive
Cash Flow Estimate:
$918 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,908
$458,768
2025
$29,250
$429,518
$458,768
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,908
$458,768

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Credit Line (Revolving) / Heloc
$25,000
No
First
Apr 26, 2023
Apr 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$344,795
$113,973
24%
75%
$2,099/mo

Learn About the Market: Opportunity in El Paso

Local Market Pages
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Explore

El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

Explore Texas Explore This Area
Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

Dynamic Permit Feed

City: El Paso

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