Two-Story Duplex Unit with
New
For Sale
$180,000
4723 FRANKFORT Avenue, El Paso, TX 79903
Residential, El Paso, TX
Property Size1,328 SF
Lot Size0.12 Acres
Price / SF$135.54
Days on Market7
Property Features for 4723 FRANKFORT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2
Window features
Single Pane Window(s)
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Fireplace
1
Appliances
Free-Standing Gas Oven, Refrigerator
Subdivision
Mesa Heights
Lot features
Corner Lot, Cul-De-Sac, Subdivided
Elementary school
Hillside
Middle school
Ross
High school
Burges
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
M32999902400300
Size
1,328 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24 MESA HEIGHTS REPLAT SLY 36.5 FT OF 2 (5330 SQ FT)
Tax Annual Amount
3732
Legal Description
24 MESA HEIGHTS REPLAT SLY 36.5 FT OF 2 (5330 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Forced Air
Amenities
tile throughout
refrigerated air
private backyard
washer/dryer hookups
upstairs balcony
Building Details
Year built
1978
Floors in Building
2
Flooring type
Tile
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Aracely Gaytan
(915) 204-5032
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 8 at 8:06AM
MLS# 950570
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 right-side duplex unit offers 1,328 square feet across two stories, with three bedrooms and two-and-a-half bathrooms. Tile flooring runs throughout the home, which also includes refrigerated air, a private backyard, one-car garage, and downstairs washer/dryer hookups. An upstairs balcony adds outdoor space and views toward the Franklin Mountains. The property includes a free-standing gas oven and refrigerator, central forced-air heating with natural gas, and a fireplace. Built in 1978, the stucco residence has a flat roof and is served by public sewer. Located in Central El Paso, the home provides access to shopping, dining, major roadways, and everyday necessities. Zoning is M3.
Key Highlights
- 1,328‑square‑foot two‑story right‑side duplex unit
- Three bedrooms and 2.5 bathrooms
- Upstairs balcony with views toward the Franklin Mountains
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
$11,074
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
6.15%
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%
$221,480
$221.5K
Cap Rate 7%
$158,200
$158.2K
Cap Rate 9%
$123,044
$123.0K
Market Conditions
NOI Build-Up for 1,328 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
$21.2K $15.96/SF
− Vacancy
−$1.1K −$0.80/SF
EGI
$20.1K $15.16/SF
− OpEx
−$9.1K −$6.82/SF
NOI
$11.1K $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%
$221,480
Cap Rate 7%
$158,200
Cap Rate 9%
$123,044
Alternative Uses
Best Use
Apartment 5plus
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
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?
Multifamily property - Three-bedroom residence with refrigerated air, private backyard, and washer/dryer hookups.
Where is this multifamily property located?
The property is located at 4723 FRANKFORT Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,328‑square‑foot two‑story right‑side duplex unit; Three bedrooms and 2.5 bathrooms; Upstairs balcony with views toward the Franklin Mountains
