Two-Unit Duplex
For Sale
$475,000
14973 Eddie Mullens Court, El Paso, TX 79938
Residential Income, El Paso, TX
Property Size2,752 SF
Lot Size0.19 Acres
Price / SF$172.60
Days on Market49
Property Features for 14973 Eddie Mullens Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Parking features
On Street, Guest
Appliances
Washer, Refrigerator, Range Hood, Microwave, Exhaust Fan, Dryer, Disposal, Dishwasher
Subdivision
Tierra Del Este
Elementary school
Cactus Trail
Middle school
Manuel R Puentes
High school
Pebble Hills
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
677389
Size
2,752 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Tierra del Este #77 Block 477 Lot 4
Tax Annual Amount
9584
Legal Description
Tierra del Este #77 Block 477 Lot 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Amenities
washer/dryer
xeriscape
Building Details
Year built
2018
Number of units
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Stucco
Roof type
Flat
Listing Agency:
Hiett & Associatees
(915) 760-4533
Listed By:
Guillermo Ricardo Sotomayor
(915) 929-4765
Added: Jul 22
Changed: Sep 3
Last Checked: Sep 8 at 6:06PM
MLS# 948178
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 occupied duplex contains 2,752 square feet across two distinct residences. One is a two-story, three-bedroom, two-and-one-half-bath unit; the other is a single-story, three-bedroom, two-bath unit. Both homes feature durable interior finishes, ceramic tile and carpet flooring, central heating, ceiling fans, stucco construction, and flat roofs. Appliance packages include full-size washers and dryers, refrigerators, dishwashers, disposals, microwaves, range hoods, and exhaust fans.
The 0.19-acre property is located at 14973 Eddie Mullens Court in El Paso, Texas 79938. Exterior features include turf patches in the rear yards and xeriscaping throughout, with guest and on-street parking. Public sewer service is in place, and the property was built in 2018. Zoning is R5.
The 0.19-acre property is located at 14973 Eddie Mullens Court in El Paso, Texas 79938. Exterior features include turf patches in the rear yards and xeriscaping throughout, with guest and on-street parking. Public sewer service is in place, and the property was built in 2018. Zoning is R5.
Key Highlights
- 2,752‑square‑foot occupied duplex with two residences
- Unit mix includes 3 bed/2.5 bath two‑story and 3 bed/2 bath one‑story homes
- Full‑size washer and dryer included in each appliance package
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
$33,602
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
7.07%
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%
$672,040
$672.0K
Cap Rate 7%
$480,029
$480.0K
Cap Rate 9%
$373,356
$373.4K
Market Conditions
NOI Build-Up for 2,752 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
$50.2K $18.24/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$48.0K $17.44/SF
− OpEx
−$14.4K −$5.23/SF
NOI
$33.6K $12.21/SF
Area
ZIP 79938
Vacancy
4.37%
Lease Rate
$18.24 /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%
$672,040
Cap Rate 7%
$480,029
Cap Rate 9%
$373,356
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$690.4K
$604.1K – $805.5K
NOI $48,329 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
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 - Occupied duplex with durable finishes, appliance packages, and low-maintenance exterior landscaping.
Where is this duplex located?
The property is located at 14973 Eddie Mullens Court El Paso, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,752‑square‑foot occupied duplex with two residences; Unit mix includes 3 bed/2.5 bath two‑story and 3 bed/2 bath one‑story homes; Full‑size washer and dryer included in each appliance package
