Two-Story Duplex With
For Sale
$369,000
El Paso, TX 79902, El Paso, TX 79902
MULTI_FAMILY - El Paso, TX
Property Size2,396 SF
Lot Size0.05 Acres
Price / SF$154.01
Days on Market134
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Parking features
Secured
Appliances
Free-Standing Gas Oven
Subdivision
Alexander
Elementary school
Lamar
Middle school
Wiggs
High school
Elpaso
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
A46299904107700
Size
2,396 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
41 ALEXANDER 18 & S 1/2 OF 17 (HOMESITE) (2318 SQ FT)
Tax Annual Amount
5847
Legal Description
41 ALEXANDER 18 & S 1/2 OF 17 (HOMESITE) (2318 SQ FT)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air, Evaporative Cooling
Building Details
Year built
1925
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Laminate
Building materials
Brick
Roof type
Flat
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Jackie Stevens
(915) 630-4441
Added: Apr 11
Changed: Aug 4
Last Checked: Aug 22 at 5:06PM
MLS# 942011
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 two-story duplex includes a basement area and is built with brick construction. The property is designed for everyday functionality with a fully equipped kitchen in each unit, dedicated laundry room space, and a fireplace. Interior finishes include laminate, ceramic tile, and hardwood flooring. Heating is provided by central systems, while cooling includes central air plus evaporative cooling and ceiling fans. A flat roof and public sewer service are included.
Set on a 0.05-acre lot, the property is zoned M3. Parking is described as secured, and cable is available. Appliances noted include a free-standing gas oven.
The layout supports flexible use of the basement area as additional space, and the unit configuration provides separated in-unit living features that can help simplify tenant operations.
Set on a 0.05-acre lot, the property is zoned M3. Parking is described as secured, and cable is available. Appliances noted include a free-standing gas oven.
The layout supports flexible use of the basement area as additional space, and the unit configuration provides separated in-unit living features that can help simplify tenant operations.
Key Highlights
- Brick two‑story duplex with basement area
- Each unit offers a fully equipped kitchen, dedicated laundry room, and fireplace
- 0.05‑acre lot; zoning M3
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
$21,663
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
5.87%
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%
$433,260
$433.3K
Cap Rate 7%
$309,471
$309.5K
Cap Rate 9%
$240,700
$240.7K
Market Conditions
NOI Build-Up for 2,396 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
$32.5K $13.56/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$30.9K $12.92/SF
− OpEx
−$9.3K −$3.87/SF
NOI
$21.7K $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%
$433,260
Cap Rate 7%
$309,471
Cap Rate 9%
$240,700
Alternative Uses
Best Use
Multifamily LT 5
$309.5K
$270.8K – $361.1K
NOI $21,663 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$285.4K
$249.8K – $333.0K
NOI $19,980 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$601.1K
$526.0K – $701.3K
NOI $42,077 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
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?
Duplex - Two-story duplex on a small lot with each unit featuring a kitchen, dedicated laundry, and a fireplace.
Where is this duplex located?
The property is located at El Paso, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Brick two‑story duplex with basement area; Each unit offers a fully equipped kitchen, dedicated laundry room, and fireplace; 0.05‑acre lot; zoning M3
