Remodeled Duplex with
New
For Sale
$270,000
Pending
205 WOOLDRIDGE Drive, El Paso, TX 79915
Residential Income, El Paso, TX
Property Size1,974 SF
Lot Size17.00 Acres
Days on Market7
Property Features for 205 WOOLDRIDGE Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Appliances
Range Hood, Gas Water Heater, Electric Water Heater
Subdivision
Ramona Place
Elementary school
Ramona
Middle school
Riverside
High school
Riverside
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
R15599900203700
Size
1,974 SF
Lot size
17.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2 RAMONA PLACE LOT 10 FLR2C
Tax Annual Amount
5400
Legal Description
2 RAMONA PLACE LOT 10 FLR2C
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Amenities
dedicated laundry room
Building Details
Year built
1949
Number of units
2
Building materials
Stucco
Roof type
Shingle, Flat
Listing Agency:
Brokers Inc Real Estate Group
(915) 222-8808
Listed By:
Oscar Macias · License #0563844
(915) 727-2995
Added: Aug 25
Last Checked: Aug 31 at 10:06AM
MLS# 949985
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 in El Paso includes a main residence and a second one-bedroom unit, with a combined property size of 1,974 square feet. The primary residence offers five bedrooms, two remodeled bathrooms, an open layout, a larger living area, a dedicated laundry room, and a recently updated kitchen with granite countertops. The second unit includes one bedroom, one bathroom, its own kitchen with granite countertops, and a separate laundry area.
Recent improvements include new flooring throughout the main residence, energy-efficient windows, and a new refrigerated air system. The property was built in 1949 and has stucco construction, shingle and flat roofing, central heating, central air, and public sewer service. R3 zoning supports the property's duplex configuration. Its El Paso location provides access to shopping, schools, parks, dining, and major highways.
Recent improvements include new flooring throughout the main residence, energy-efficient windows, and a new refrigerated air system. The property was built in 1949 and has stucco construction, shingle and flat roofing, central heating, central air, and public sewer service. R3 zoning supports the property's duplex configuration. Its El Paso location provides access to shopping, schools, parks, dining, and major highways.
Key Highlights
- 1,974‑square‑foot duplex with a five‑bedroom main residence and one‑bedroom second unit
- Main residence includes 5 bedrooms, 2 remodeled bathrooms, and an open floor plan
- Second unit offers 1 bedroom, 1 bathroom, a kitchen, and dedicated laundry
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
$17,847
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
6.61%
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%
$356,940
$356.9K
Cap Rate 7%
$254,957
$255.0K
Cap Rate 9%
$198,300
$198.3K
Market Conditions
NOI Build-Up for 1,974 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
$26.8K $13.56/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$25.5K $12.92/SF
− OpEx
−$7.6K −$3.87/SF
NOI
$17.8K $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%
$356,940
Cap Rate 7%
$254,957
Cap Rate 9%
$198,300
Alternative Uses
Best Use
Multifamily LT 5
$255.0K
$223.1K – $297.5K
NOI $17,847 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,461 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$495.2K
$433.3K – $577.8K
NOI $34,666 @ 7.0% cap · market cap 12.84%
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
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
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-unit property with updated kitchens, energy-efficient windows, refrigerated air, and separate laundry areas.
Where is this duplex located?
The property is located at 205 WOOLDRIDGE Drive El Paso, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,974‑square‑foot duplex with a five‑bedroom main residence and one‑bedroom second unit; Main residence includes 5 bedrooms, 2 remodeled bathrooms, and an open floor plan; Second unit offers 1 bedroom, 1 bathroom, a kitchen, and dedicated laundry
