Two-Home Duplex
For Sale
$200,000
708 E WASHINGTON Street, Anthony, TX 79821
Residential, Anthony, TX
Property Size1,994 SF
Lot Size0.11 Acres
Price / SF$100.30
Days on Market26
Property Features for 708 E WASHINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Out of Area
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Laundry Room, Bedroom 3, Bedroom 1, Bathroom 1
Subdivision
W D Marsh
Elementary school
Anthony
Middle school
Anthony
High school
Anthony
Elementary school district
Out of Area
Middle school district
Out of Area
High school district
Out of Area
Standard status
Active
APN
X18300000000230
Size
1,994 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
W D MARSH SURV 183 ABST 2256 TR 37 (44.6 FT X 104.4 BEG 50 FT N OF NE COR LOT 2 BLK 5 ANTHONY PASS)
Tax Annual Amount
6528
Legal Description
W D MARSH SURV 183 ABST 2256 TR 37 (44.6 FT X 104.4 BEG 50 FT N OF NE COR LOT 2 BLK 5 ANTHONY PASS)
Utilities
Sewer type
Public Sewer
Building Details
Year built
1949
Floors in Building
1
Architectural style
Other
Listing Agency:
Search Realty, LLC
Listed By:
Sergio Villarreal Alvarez · License #0692747
(915) 892-8089
Added: Aug 9
Changed: Aug 26
Last Checked: Sep 3 at 7:06PM
MLS# 949102
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 property includes two homes situated on a single 0.11-acre parcel in Anthony, Texas. The combined property size is 1,994 square feet, and the improvements date to 1949. Both residences are currently rented, with occupants responsible for their own electric and gas costs.
The property is located at 708 E WASHINGTON Street and is served by public sewer. Zoning is identified as Out of Area. The layout includes bedrooms, bathrooms, and a laundry room across the two residences, supporting the existing residential income configuration.
The property is located at 708 E WASHINGTON Street and is served by public sewer. Zoning is identified as Out of Area. The layout includes bedrooms, bathrooms, and a laundry room across the two residences, supporting the existing residential income configuration.
Key Highlights
- Two homes located on one 0.11‑acre parcel
- 1,994 square feet of property improvements
- Both residences are currently rented
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
$16,535
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
8.27%
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%
$330,700
$330.7K
Cap Rate 7%
$236,214
$236.2K
Cap Rate 9%
$183,722
$183.7K
Market Conditions
NOI Build-Up for 1,994 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
$25.1K $12.60/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.6K $11.85/SF
− OpEx
−$7.1K −$3.55/SF
NOI
$16.5K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /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%
$330,700
Cap Rate 7%
$236,214
Cap Rate 9%
$183,722
Alternative Uses
Best Use
Multifamily LT 5
$236.2K
$206.7K – $275.6K
NOI $16,535 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$216.7K
$189.6K – $252.8K
NOI $15,167 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$360.4K
$315.3K – $420.4K
NOI $25,225 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 79821, TX
6,416
Population
1,997
Households
3.2
Avg Household Size
36
Median Age
12%
College-Educated
75%
High-School Grad
11.2 sq mi
ZIP Area
573
Density / Sq Mi
$58,171
Median Household Income
$31,878
Median Earnings
$973
Median Rent
$135,700
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 - Both residences are rented and share one parcel with public sewer service.
Where is this duplex located?
The property is located at 708 E WASHINGTON Street Anthony, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two homes located on one 0.11‑acre parcel; 1,994 square feet of property improvements; Both residences are currently rented
