Duplex with One-Car
For Sale
$395,000
6937 Alto Rey Avenue, El Paso, TX 79912
MULTI_FAMILY - El Paso, TX
Property Size1,950 SF
Lot Size0.21 Acres
Price / SF$202.56
Days on Market52
Property Features for 6937 Alto Rey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A2
Appliances
Water Heater, Washer Hookup, Refrigerator, Range Hood, Gas Water Heater, Dishwasher
Subdivision
Coronado Terrace
Elementary school
Rivera
Middle school
Hornedo
High school
Coronado
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
175379
Size
1,950 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 CORONADO TERRACE REPLAT LOT 10 (9000.00 SQ FT)
Tax Annual Amount
6991
Legal Description
21 CORONADO TERRACE REPLAT LOT 10 (9000.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Cooling system
Evaporative Cooling, Ceiling Fan(s), Central Air
Amenities
gas fireplace
Building Details
Year built
1973
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Zaragoza Realty
(915) 771-6949
Listed By:
Manuel Zaragoza · License #0387322
(915) 256-2424
Added: Jun 23
Changed: Aug 2
Last Checked: Aug 13 at 4:06AM
MLS# 946372
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 separate units on a 0.21-acre lot, with a total building size of 1,950 square feet. Unit A offers two bedrooms and one bathroom, plus a one-car garage and a gas fireplace. Unit B features three bedrooms and one-and-a-half bathrooms, also with a one-car garage and a gas fireplace. The property was built in 1973, with stucco construction, a shingle roof, and tile flooring throughout. Heating is provided by central forced air with natural gas. Cooling includes evaporative cooling, ceiling fans, and central air. The home is served by public sewer.
Located in El Paso (79912), the property is described as being close to Mesa and I-10, with nearby grocery stores, restaurants, banks, and Coronado High School.
Additional in-unit appliances listed include a water heater, gas water heater, washer hookup, refrigerator, range hood, and dishwasher.
Located in El Paso (79912), the property is described as being close to Mesa and I-10, with nearby grocery stores, restaurants, banks, and Coronado High School.
Additional in-unit appliances listed include a water heater, gas water heater, washer hookup, refrigerator, range hood, and dishwasher.
Key Highlights
- 0.21‑acre lot with 1,950 SF duplex built in 1973
- Unit A: 2 bed, 1 bath, one‑car garage, gas fireplace
- Unit B: 3 bed, 1.5 bath, one‑car garage, gas fireplace
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
$17,942
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
4.54%
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%
$358,840
$358.8K
Cap Rate 7%
$256,314
$256.3K
Cap Rate 9%
$199,356
$199.4K
Market Conditions
NOI Build-Up for 1,950 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
$26.9K $13.80/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$25.6K $13.14/SF
− OpEx
−$7.7K −$3.94/SF
NOI
$17.9K $9.20/SF
Area
ZIP 79912
Vacancy
4.75%
Lease Rate
$13.80 /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%
$358,840
Cap Rate 7%
$256,314
Cap Rate 9%
$199,356
Alternative Uses
Best Use
Multifamily LT 5
$256.3K
$224.3K – $299.0K
NOI $17,942 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$235.8K
$206.3K – $275.1K
NOI $16,506 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 7.31%
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
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
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 on A2 zoning with central HVAC, tile floors, and gas fireplaces in two residential units.
Where is this duplex located?
The property is located at 6937 Alto Rey Avenue 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: 0.21‑acre lot with 1,950 SF duplex built in 1973; Unit A: 2 bed, 1 bath, one‑car garage, gas fireplace; Unit B: 3 bed, 1.5 bath, one‑car garage, gas fireplace
