Renovated Duplex with Flex
For Sale
$264,000
Pending
953 MALLETT Street, El Paso, TX 79907
Residential, El Paso, TX
Property Size1,519 SF
Lot Size0.15 Acres
Days on Market66
Property Features for 953 MALLETT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway, Garage, Covered
Window features
Single Pane Window(s)
Interior features
2+ Living Areas, 2+ Master BR, Ceiling Fan(s), Pantry, Walk-In Closet(s)
Exterior features
Walled Front, Walled Backyard, Courtyard, Back Yard Access
Fencing
Privacy, Fenced
Appliances
Water Heater, Built-In Gas Oven, Microwave
Subdivision
Loma Terrace
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
Standard status
Pending
APN
L55399900401500
Size
1,519 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2500
Tax Description
4 LOMA TERRACE #6 REPLAT LOT 3 (6470 SQ FT)
Tax Annual Amount
4746
Legal Description
4 LOMA TERRACE #6 REPLAT LOT 3 (6470 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Solar (Heating), Active Solar, Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
1970
Floors in Building
1
Flooring type
Carpet, Brick, Vinyl, Tile
Building materials
Brick, Concrete, Stucco
Roof type
Shingle, Composition
Architectural style
Other
Additional Structures
Guest House
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Jennifer Ceniceros
(915) 979-4070
Added: Jun 29
Changed: Aug 26
Last Checked: Sep 2 at 5:06PM
MLS# 946785
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 1,519-square-foot duplex sits on a 0.15-acre lot and was built in 1970. Recent improvements include fresh interior paint, new carpet, and a remodeled kitchen with contemporary cabinetry and countertops. The primary residence offers an open layout, multiple living areas, two or more primary bedrooms, and practical storage features. A detached rear apartment has its own entrance, while an additional flex room includes an exterior door and bathroom for use as a home office, salon, studio, gym, or small business space.
The property is approximately 1 minute from I-10, with shopping centers, restaurants, entertainment, hospitals, and Fort Bliss nearby. The lot is enclosed with privacy fencing and includes a garage, covered parking, back-yard access, two large storage sheds, and a courtyard. Public sewer serves the property, with central and active solar heating systems.
The property is approximately 1 minute from I-10, with shopping centers, restaurants, entertainment, hospitals, and Fort Bliss nearby. The lot is enclosed with privacy fencing and includes a garage, covered parking, back-yard access, two large storage sheds, and a courtyard. Public sewer serves the property, with central and active solar heating systems.
Key Highlights
- 1,519‑square‑foot duplex on a 0.15‑acre lot
- Separate‑entry rear apartment plus flex room with exterior door and bathroom
- Renovated kitchen with modern cabinetry and countertops
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
$13,733
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
5.20%
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%
$274,660
$274.7K
Cap Rate 7%
$196,186
$196.2K
Cap Rate 9%
$152,589
$152.6K
Market Conditions
NOI Build-Up for 1,519 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
$20.6K $13.56/SF
− Vacancy
−$978 −$0.64/SF
EGI
$19.6K $12.92/SF
− OpEx
−$5.9K −$3.87/SF
NOI
$13.7K $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%
$274,660
Cap Rate 7%
$196,186
Cap Rate 9%
$152,589
Alternative Uses
Best Use
Multifamily LT 5
$196.2K
$171.7K – $228.9K
NOI $13,733 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$181.0K
$158.3K – $211.1K
NOI $12,667 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$381.1K
$333.5K – $444.6K
NOI $26,676 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
504
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated residence with a separate-entry apartment, adaptable auxiliary room, covered parking, and a fenced outdoor area.
Where is this duplex located?
The property is located at 953 MALLETT Street El Paso, TX.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: 1,519‑square‑foot duplex on a 0.15‑acre lot; Separate‑entry rear apartment plus flex room with exterior door and bathroom; Renovated kitchen with modern cabinetry and countertops
