Duplex With Walled
For Sale
$168,500
823 BARANDAL Drive, El Paso, TX 79907
Residential, El Paso, TX
Property Size1,158 SF
Lot Size0.08 Acres
Price / SF$145.51
Days on Market85
Property Features for 823 BARANDAL Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Window features
Blinds
Interior features
Cathedral Ceiling(s), Cable TV, Ceiling Fan(s), High Speed Internet, Walk-In Closet(s)
Exterior features
Rain Gutters, Walled Front, Walled Backyard
Fencing
Fenced
Fireplace
1
Appliances
Fan Hood
Subdivision
El Dorado
Lot features
Standard Lot
Elementary school
Loma Terrace
Middle school
Bel Air
High school
Belair
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Special listing conditions
Probate Listing
Standard status
Active
APN
E29999900303650
Size
1,158 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3 EL DORADO ELY PT OF 36 (IRREG ON ST 105 FT ON E 35 FT ON S 96.12 FT ON W) (3590.35 SQ FT)
Tax Annual Amount
3959
Legal Description
3 EL DORADO ELY PT OF 36 (IRREG ON ST 105 FT ON E 35 FT ON S 96.12 FT ON W) (3590.35 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Evaporative Cooling, Ceiling Fan(s)
Building Details
Year built
1985
Floors in Building
1
Flooring type
Laminate, Tile
Building materials
Brick, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Rogelio Terrazas · License #0667212
(915) 731-5264
Added: Jun 10
Changed: Aug 26
Last Checked: Sep 2 at 10:06AM
MLS# 945579
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 contains 1,158 square feet of residential space on a 0.08-acre lot. The interior includes a 3-bedroom, 1-bath configuration with laminate and tile flooring, a cathedral ceiling, ceiling fans, a walk-in closet, and a fireplace. Central natural-gas heating and evaporative cooling serve the property, with a fan hood among the listed appliances.
Constructed in 1985, the building combines brick and stucco exterior materials with a shingle roof. The site includes a walled front area, walled backyard, rain gutters, and fencing. Public sewer service is in place, and the property carries M3 zoning.
Constructed in 1985, the building combines brick and stucco exterior materials with a shingle roof. The site includes a walled front area, walled backyard, rain gutters, and fencing. Public sewer service is in place, and the property carries M3 zoning.
Key Highlights
- Duplex with 1,158 square feet of property area
- 3‑bedroom, 1‑bath residential configuration
- 0.08‑acre lot with walled front and backyard areas
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
$10,470
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
6.21%
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%
$209,400
$209.4K
Cap Rate 7%
$149,571
$149.6K
Cap Rate 9%
$116,333
$116.3K
Market Conditions
NOI Build-Up for 1,158 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
$15.7K $13.56/SF
− Vacancy
−$746 −$0.64/SF
EGI
$15.0K $12.92/SF
− OpEx
−$4.5K −$3.87/SF
NOI
$10.5K $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%
$209,400
Cap Rate 7%
$149,571
Cap Rate 9%
$116,333
Alternative Uses
Best Use
Multifamily LT 5
$149.6K
$130.9K – $174.5K
NOI $10,470 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$138.0K
$120.7K – $161.0K
NOI $9,657 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$290.5K
$254.2K – $338.9K
NOI $20,336 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 79907, TX
50,971
Population
17,505
Households
2.9
Avg Household Size
39
Median Age
13%
College-Educated
71%
High-School Grad
13.7 sq mi
ZIP Area
3,721
Density / Sq Mi
$41,901
Median Household Income
$25,661
Median Earnings
$910
Median Rent
$110,600
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 - Multifamily property with brick-and-stucco construction, enclosed outdoor areas, and a functional residential layout.
Where is this duplex located?
The property is located at 823 BARANDAL Drive El Paso, TX.
What is the asking price?
The asking price for this property is $168,500.
What are key features of this property?
This property features: Duplex with 1,158 square feet of property area; 3‑bedroom, 1‑bath residential configuration; 0.08‑acre lot with walled front and backyard areas
