Two-Unit Duplex with Fenced
New
For Sale
$355,000
2509 RED SAILS, El Paso, TX 79936
Residential, El Paso, TX
Property Size2,482 SF
Lot Size0.07 Acres
Price / SF$143.03
Days on Market3
Property Features for 2509 RED SAILS
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A2
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 4
Window features
Blinds
Exterior features
Back Yard Access
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Range Hood, Refrigerator
Subdivision
East Glen
Elementary school
Pebblehls
Middle school
Indianr
High school
Hanks
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
E05499901200660
Size
2,482 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
12 EAST GLEN PT OF 2 BEG 571.64 FT S OF NWC (119.87 FT) ON N-50.06 FT ON E-119.87 FT ON S-50.06 FT ON W) (HOMESITE) (300
Tax Annual Amount
4505
Legal Description
12 EAST GLEN PT OF 2 BEG 571.64 FT S OF NWC (119.87 FT) ON N-50.06 FT ON E-119.87 FT ON S-50.06 FT ON W) (HOMESITE) (300
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Leon Realty Group, LLC
(915) 726-7637
Listed By:
Diana Vanessa Flores
(915) 345-3014
Added: Sep 19
Last Checked: Sep 21 at 11:06PM
MLS# 951449
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.
Built in 1981, this 2,482-square-foot duplex contains two separate residences on a 0.07-acre parcel. Unit A provides approximately 1,124 square feet with 2 bedrooms, 1 full bathroom, and 1 half bathroom. Unit B includes approximately 1,358 square feet with 3 bedrooms, 2 full bathrooms, and 1 half bathroom. Both units are vacant, allowing the next owner to occupy one residence while leasing the other or place both into service.
The property includes A2 zoning, public sewer, central air, tile and laminate flooring, stucco construction, and shingle roofing. Additional features include fenced outdoor space, back-yard access, a fireplace, dishwasher, range hood, and refrigerator. Located at 2509 Red Sails in El Paso, the property is near shopping, dining, schools, and major roadways.
The property includes A2 zoning, public sewer, central air, tile and laminate flooring, stucco construction, and shingle roofing. Additional features include fenced outdoor space, back-yard access, a fireplace, dishwasher, range hood, and refrigerator. Located at 2509 Red Sails in El Paso, the property is near shopping, dining, schools, and major roadways.
Key Highlights
- Two‑unit duplex totaling approximately 2,482 square feet
- Unit A: approximately 1,124 square feet, 2 bedrooms, 1 full bath, and 1 half bath
- Unit B: approximately 1,358 square feet, 3 bedrooms, 2 full baths, and 1 half bath
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
$29,907
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
8.42%
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%
$598,140
$598.1K
Cap Rate 7%
$427,243
$427.2K
Cap Rate 9%
$332,300
$332.3K
Market Conditions
NOI Build-Up for 2,482 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
$44.7K $18.00/SF
− Vacancy
−$2.0K −$0.79/SF
EGI
$42.7K $17.21/SF
− OpEx
−$12.8K −$5.16/SF
NOI
$29.9K $12.05/SF
Area
ZIP 79936
Vacancy
4.37%
Lease Rate
$18.00 /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%
$598,140
Cap Rate 7%
$427,243
Cap Rate 9%
$332,300
Alternative Uses
Best Use
Multifamily LT 5
$427.2K
$373.8K – $498.5K
NOI $29,907 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$525.1K
$459.5K – $612.6K
NOI $36,758 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant dual-unit property with separate living spaces and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 2509 RED SAILS El Paso, TX.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Two‑unit duplex totaling approximately 2,482 square feet; Unit A: approximately 1,124 square feet, 2 bedrooms, 1 full bath, and 1 half bath; Unit B: approximately 1,358 square feet, 3 bedrooms, 2 full baths, and 1 half bath
