Renovated
For Sale
$395,000
324 Valley Fair Way, El Paso, TX 79907
Residential Income, El Paso, TX
Property Size3,528 SF
Lot Size0.17 Acres
Price / SF$111.96
Days on Market137
Property Features for 324 Valley Fair Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Parking features
On Street
Appliances
Range Hood, Gas Water Heater, Free-Standing Gas Oven
Subdivision
Valley Fair
Elementary school
Missionv
Middle school
Del Valle
High school
Delvalle
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
V14399900302700
Size
3,528 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 VALLEY FAIR LOT 14
Tax Annual Amount
8927
Legal Description
3 VALLEY FAIR LOT 14
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling, Central Air
Building Details
Year built
1972
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Luis Manuel Portugal · License #0645050
(915) 892-1694
Added: Apr 20
Changed: Sep 3
Last Checked: Sep 3 at 9:06PM
MLS# 942510
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 renovated duplex contains 3,528 square feet across two apartments. The first-floor residence offers four bedrooms and two bathrooms, while the second-floor unit includes three bedrooms and two bathrooms. The property is fully rented and features tile flooring, stucco construction, a shingle roof, and central heating. Cooling is provided by central air and evaporative systems.
Situated on a 0.17-acre lot in El Paso, the property is zoned R3 and connected to public sewer. Additional features include gas water heating, a free-standing gas oven, a range hood, and on-street parking. Built in 1972, the duplex provides a two-unit residential configuration with separate living spaces.
Situated on a 0.17-acre lot in El Paso, the property is zoned R3 and connected to public sewer. Additional features include gas water heating, a free-standing gas oven, a range hood, and on-street parking. Built in 1972, the duplex provides a two-unit residential configuration with separate living spaces.
Key Highlights
- 3,528‑square‑foot duplex on a 0.17‑acre lot
- Two apartments: 4 bedrooms and 2 bathrooms downstairs; 3 bedrooms and 2 bathrooms upstairs
- Fully rented residential income property
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
$31,897
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
8.08%
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%
$637,940
$637.9K
Cap Rate 7%
$455,671
$455.7K
Cap Rate 9%
$354,411
$354.4K
Market Conditions
NOI Build-Up for 3,528 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
$47.8K $13.56/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$45.6K $12.92/SF
− OpEx
−$13.7K −$3.87/SF
NOI
$31.9K $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%
$637,940
Cap Rate 7%
$455,671
Cap Rate 9%
$354,411
Alternative Uses
Best Use
Multifamily LT 5
$455.7K
$398.7K – $531.6K
NOI $31,897 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$885.1K
$774.5K – $1.03M
NOI $61,957 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 79907, TX
50,971
Population
17,505
Households
2.9
Avg Household Size
39
Median Age
13%
College-Educated
71%
High-School Grad
13.7 sq mi
ZIP Area
3,721
Density / Sq Mi
$41,901
Median Household Income
$25,661
Median Earnings
$910
Median Rent
$110,600
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 - Two-level residential income property with separate apartments, central climate control, and tile flooring.
Where is this duplex located?
The property is located at 324 Valley Fair Way El Paso, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3,528‑square‑foot duplex on a 0.17‑acre lot; Two apartments: 4 bedrooms and 2 bathrooms downstairs; 3 bedrooms and 2 bathrooms upstairs; Fully rented residential income property
