Duplex With Shared
For Sale
$415,000
3317 Mobile Avenue, El Paso, TX 79930
MULTI_FAMILY - El Paso, TX
Property Size2,742 SF
Lot Size0.20 Acres
Price / SF$151.35
Days on Market50
Property Features for 3317 Mobile Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Appliances
Refrigerator, Free-Standing Gas Oven
Subdivision
Grandview
Elementary school
Crockett
Middle school
Crockett
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
G68699902702200
Size
2,742 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
27 GRANDVIEW 7 TO 9 (HOMESITE) (4500 SQ FT)
Tax Annual Amount
4470
Legal Description
27 GRANDVIEW 7 TO 9 (HOMESITE) (4500 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1954
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Associates · RE/MAX International
(915) 594-3034
Listed By:
Jessica Yesenia Martinez · License #0804990
(915) 525-7693
Added: Jun 25
Changed: Jul 29
Last Checked: Aug 13 at 4:06AM
MLS# 946463
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 includes two units, 3317 and 3319, each with three bedrooms and two full bathrooms. Unit 3317 features ceramic and wood flooring, updated windows, and refrigerated cooling, and includes a shared backyard area plus a full basement with walkable access. The 3317 unit has plumbing present but needs connection, and it does not include HVAC on site; it also lacks kitchen cabinetry and appliances.
Unit 3319 offers ceramic tile and updated windows. Both units are part of a single duplex configuration at 3317 Mobile Avenue in El Paso, TX 79930.
The property also includes an open back porch, and the overall setup supports a live-in/rent model with shared outdoor space and basement access.
Unit 3319 offers ceramic tile and updated windows. Both units are part of a single duplex configuration at 3317 Mobile Avenue in El Paso, TX 79930.
The property also includes an open back porch, and the overall setup supports a live-in/rent model with shared outdoor space and basement access.
Key Highlights
- Duplex with two units, each approximately 1,371 sq ft, offering 3 bedrooms and 2 full bathrooms
- Brick construction with shingle roof; flooring includes hardwood and ceramic tile across the units
- Heating includes central; updated windows are noted for both units
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
$24,791
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
5.97%
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%
$495,820
$495.8K
Cap Rate 7%
$354,157
$354.2K
Cap Rate 9%
$275,456
$275.5K
Market Conditions
NOI Build-Up for 2,742 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
$37.2K $13.56/SF
− Vacancy
−$1.8K −$0.64/SF
EGI
$35.4K $12.92/SF
− OpEx
−$10.6K −$3.87/SF
NOI
$24.8K $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%
$495,820
Cap Rate 7%
$354,157
Cap Rate 9%
$275,456
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$326.7K
$285.8K – $381.1K
NOI $22,866 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$687.9K
$601.9K – $802.6K
NOI $48,153 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
293
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 - Two side-by-side units each offer three bedrooms and two full bathrooms, with shared outdoor space and basement access.
Where is this duplex located?
The property is located at 3317 Mobile Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Duplex with two units, each approximately 1,371 sq ft, offering 3 bedrooms and 2 full bathrooms; Brick construction with shingle roof; flooring includes hardwood and ceramic tile across the units; Heating includes central; updated windows are noted for both units
