Duplex with Central Heat and
For Sale
$195,000
3415 RIVERA Avenue, El Paso, TX 79905
MULTI_FAMILY - El Paso, TX
Property Size2,127 SF
Lot Size0.14 Acres
Price / SF$91.68
Days on Market163
Property Features for 3415 RIVERA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A3
Parking
3
Appliances
Refrigerator, Range Hood, Free-Standing Gas Oven
Subdivision
East El Paso
Elementary school
Douglass
Middle school
Dr. Josefina Villamil Tinajero
High school
Jefferson
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
E01499900601700
Size
2,127 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6 EAST EL PASO 7 & 8 (6000 SQ FT)
Tax Annual Amount
5500
Legal Description
6 EAST EL PASO 7 & 8 (6000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1948
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shingle
Additional Structures
Residence
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Victor M Franco · License #0338487
(915) 328-3232
Added: Mar 24
Changed: Jul 28
Last Checked: Sep 2 at 5:06PM
MLS# 940888
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 at 3415 Rivera Avenue in El Paso is a stucco residential income property built in 1948. The building includes central heating and evaporative cooling, with ceramic tile flooring and a shingle roof. The total property size is 2,127 square feet on a 0.14-acre lot.
The duplex is connected to public sewer. Appliances noted include a refrigerator, range hood, and a free-standing gas oven. For daily convenience, it is described as close to schools and the Bridge of the Americas.
Zoned A3, the property provides an opportunity for buyers seeking a duplex format with existing improvements and practical utilities in place.
The duplex is connected to public sewer. Appliances noted include a refrigerator, range hood, and a free-standing gas oven. For daily convenience, it is described as close to schools and the Bridge of the Americas.
Zoned A3, the property provides an opportunity for buyers seeking a duplex format with existing improvements and practical utilities in place.
Key Highlights
- Duplex on a 0.14‑acre lot in El Paso
- 2,127 SF duplex with ceramic tile flooring
- Built in 1948 with stucco construction and shingle roof
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
$17,737
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
9.10%
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%
$354,740
$354.7K
Cap Rate 7%
$253,386
$253.4K
Cap Rate 9%
$197,078
$197.1K
Market Conditions
NOI Build-Up for 2,127 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
$33.9K $15.96/SF
− Vacancy
−$1.7K −$0.80/SF
EGI
$32.2K $15.16/SF
− OpEx
−$14.5K −$6.82/SF
NOI
$17.7K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
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%
$354,740
Cap Rate 7%
$253,386
Cap Rate 9%
$197,078
Alternative Uses
Best Use
Multifamily LT 5
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,737 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$533.6K
$466.9K – $622.6K
NOI $37,353 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
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 - Duplex zoned A3 with central heating, evaporative cooling, stucco construction, and ceramic tile flooring.
Where is this duplex located?
The property is located at 3415 RIVERA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Duplex on a 0.14‑acre lot in El Paso; 2,127 SF duplex with ceramic tile flooring; Built in 1948 with stucco construction and shingle roof
