
$389,000
404 & 406 French Place, El Paso, TX, 79905
About this property
Outstanding investment opportunity in the desirable Lower Valley of El Paso! This well-maintained 8-unit multifamily property is 100% occupied with long-term tenants, providing immediate and consistent cash flow from day one. The property's strong occupancy history reflects stable rental demand and dependable income potential, making it an excellent addition to any investment portfolio. Whether you're a seasoned investor looking to expand your holdings or entering the multifamily market, this property offers a rare combination of stability, proven performance, and long-term upside. Conveniently located near schools, shopping, restaurants, parks, and major thoroughfares, the property enjoys a prime location that continues to attract and retain tenants. Both parcels 404 French and 406 French need to be sold together.
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Learn About the Market: Opportunity in El Paso



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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.
Population Growth
0.6%
Net Migration
Stable
Median Home Price
$184,500
Unemployment Rate
4.0%
Price Trend
+1.6% YoY
New Permits
Dynamic Permit Feed
City: El Paso
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