Remodeled
For Sale
$329,950
Pending
10408 MEDWOOD Drive, El Paso, TX 79935
Residential, El Paso, TX
Property Size1,760 SF
Lot Size0.13 Acres
Days on Market120
Property Features for 10408 MEDWOOD Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bathroom 2
Window features
Double Pane Windows
Interior features
2+ Living Areas, Ceiling Fan(s), Master Downstairs, Pantry, Walk-In Closet(s)
Fireplace
1
Appliances
Dishwasher, Exhaust Fan, Microwave, Refrigerator
Subdivision
Parkwood
Lot features
Standard Lot
Elementary school
East Point
Middle school
Eastlake Middle School
High school
Eastwood
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Pending
APN
P48199901000500
Size
1,760 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
10 PARKWOOD W 57.5 FT OF 3 (5750 SQ FT)
Tax Annual Amount
5543
Legal Description
10 PARKWOOD W 57.5 FT OF 3 (5750 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1968
Floors in Building
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Manny Carrera · License #0683407
(915) 920-2694
Added: May 8
Changed: Aug 26
Last Checked: Sep 4 at 2:06AM
MLS# 943679
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,760 square feet on a 0.13-acre lot and was built in 1968. Recent remodeling brought updated interior finishes to both residences, which include spacious layouts, tile flooring, central heating, ceiling fans, pantries, and walk-in closets. The property also includes dishwashers, exhaust fans, microwaves, and refrigerators. Stucco construction, shingle roofing, public sewer service, and fireplaces are additional physical features.
Landscaped front and rear yards provide outdoor areas for the occupants. The property is situated near Album Park and Eastwood High School, with shopping, dining, parks, and major roadways identified in the surrounding area. R1 zoning applies to the site.
Landscaped front and rear yards provide outdoor areas for the occupants. The property is situated near Album Park and Eastwood High School, with shopping, dining, parks, and major roadways identified in the surrounding area. R1 zoning applies to the site.
Key Highlights
- Duplex with 1,760 square feet on a 0.13‑acre lot
- Recently remodeled interiors with updated finishes in both units
- Landscaped front and back yards
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,912
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,240
$318.2K
Cap Rate 7%
$227,314
$227.3K
Cap Rate 9%
$176,800
$176.8K
Market Conditions
NOI Build-Up for 1,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.9K $13.56/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$22.7K $12.92/SF
− OpEx
−$6.8K −$3.87/SF
NOI
$15.9K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,240
Cap Rate 7%
$227,314
Cap Rate 9%
$176,800
Alternative Uses
Best Use
Multifamily LT 5
$227.3K
$198.9K – $265.2K
NOI $15,912 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$209.7K
$183.5K – $244.6K
NOI $14,677 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$441.5K
$386.4K – $515.1K
NOI $30,908 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 79935, TX
17,534
Population
7,165
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
5,010
Density / Sq Mi
$65,000
Median Household Income
$32,377
Median Earnings
$1,070
Median Rent
$194,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature updated finishes, landscaped outdoor areas, and proximity to Album Park and Eastwood High School.
Where is this duplex located?
The property is located at 10408 MEDWOOD Drive El Paso, TX.
What is the asking price?
The asking price for this property is $329,950.
What are key features of this property?
This property features: Duplex with 1,760 square feet on a 0.13‑acre lot; Recently remodeled interiors with updated finishes in both units; Landscaped front and back yards
