Corner-Setting Brick
For Sale
$239,900
2901 Harrison Avenue, El Paso, TX 79930
MULTI_FAMILY - El Paso, TX
Property Size1,855 SF
Lot Size0.23 Acres
Price / SF$129.33
Days on Market131
Property Features for 2901 Harrison Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Parking
2
Parking features
Covered
Appliances
Washer Hookup, Gas Water Heater, Gas Cooktop, Built-In Gas Oven
Subdivision
Summit Place
Elementary school
Clendenin
Middle school
Captain Gabriel Navarrete Middle School
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
S80499901808100
Size
1,855 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
18 SUMMIT PLACE W 75 FT OF 33 TO 37 & W 75 FT OF S 8 FT OF 38 (10200 SQ FT)
Tax Annual Amount
5534
Legal Description
18 SUMMIT PLACE W 75 FT OF 33 TO 37 & W 75 FT OF S 8 FT OF 38 (10200 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Cooling system
Evaporative Cooling
Amenities
indoor laundry connections
private yard space
individual storage
Building Details
Year built
1961
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Brick
Roof type
Shingle, Composition
Additional Structures
Storage
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Deborah Figueroa Singleton · License #0416527
(915) 261-8077
Added: Mar 31
Changed: Aug 2
Last Checked: Aug 8 at 6:06AM
MLS# 941268
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 corner-setting, single-level brick duplex offers two bedrooms and one full bath in each unit. The layout includes indoor laundry connections, designated covered parking, private yard space, and individual storage. Flooring is vinyl and tile, with no carpet throughout for easier day-to-day maintenance.
Built in 1961, the property is set on a 0.23-acre lot and contains 1,855 square feet under roof. Heating is provided by central forced air using natural gas, and cooling is evaporative cooling. The duplex uses public sewer and a composition shingle roof.
Conveniently located in central El Paso, the duplex is close to Fort Bliss and US-54, and within walking distance to Clendenin Elementary School.
Built in 1961, the property is set on a 0.23-acre lot and contains 1,855 square feet under roof. Heating is provided by central forced air using natural gas, and cooling is evaporative cooling. The duplex uses public sewer and a composition shingle roof.
Conveniently located in central El Paso, the duplex is close to Fort Bliss and US-54, and within walking distance to Clendenin Elementary School.
Key Highlights
- Corner‑setting single‑level brick duplex
- Two bedrooms and one full bath per unit
- Indoor laundry connections with no carpet throughout
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
$16,771
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
6.99%
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%
$335,420
$335.4K
Cap Rate 7%
$239,586
$239.6K
Cap Rate 9%
$186,344
$186.3K
Market Conditions
NOI Build-Up for 1,855 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
$25.2K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$24.0K $12.92/SF
− OpEx
−$7.2K −$3.87/SF
NOI
$16.8K $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%
$335,420
Cap Rate 7%
$239,586
Cap Rate 9%
$186,344
Alternative Uses
Best Use
Multifamily LT 5
$239.6K
$209.6K – $279.5K
NOI $16,771 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.8K
NOI $15,469 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$465.4K
$407.2K – $542.9K
NOI $32,576 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R4 zoned brick duplex with indoor laundry connections, designated covered parking, and two-bedroom, one-bath units per side.
Where is this duplex located?
The property is located at 2901 Harrison Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Corner‑setting single‑level brick duplex; Two bedrooms and one full bath per unit; Indoor laundry connections with no carpet throughout
