Remodeled El Paso Multifamily
104 CHIP CHIP Way, El Paso, TX 79915
- Added:
- Sep 11, 2025
- Days on Market:
- 265
- Last Refresh:
- Jun 2 at 3:06 pm
Property Features for 104 CHIP CHIP Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Appliances
- Washer Hookup, Refrigerator, Range Hood, Gas Water Heater, Exhaust Fan, Disposal, Built-In Gas Oven
- Standard status
- Pending
- APN
- Y80599902701350
- Size
- 1,980 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 27 YSLETA TR 13-C-4 (0.165 AC)
- Tax Annual Amount
- 4200
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
Building Details
- Year built
- 1945
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Stucco
- Roof type
- Shingle
- Additional Structures
- Guest House
Listing agent Phillip Leon Morrell (915) 588-3227
Listing office Fidelity Real Estate 4108 O'Keefe Drive, El Paso, TX (915) 588-3227
Listing date Sep 11, 2025
MLS# 930148
Listing URL
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.
HighLights
- Completely remodeled house and detached apartment with new electrical, plumbing, refrigerated AC, flooring, windows, roof, cabinetry, bathrooms, kitchen, lighting, doors, and hardware.
- Four‑bedroom, two‑bath house with a separate one‑bedroom apartment.
- Ideal for Airbnb or visiting nurse setup.
- Refrigerated central air conditioning.
- Laminate flooring throughout.
- New roof (Shingle).
Overview
This remodeled multifamily property in El Paso, Texas, features a 4-bedroom, 2-bath house with a detached 1-bedroom apartment. The property has been updated with new electrical, plumbing, refrigerated AC, flooring, windows, roof, cabinetry, bathrooms, kitchen, lighting, doors, and hardware. The lot size is 0.17 acres. The property is zoned R3 and offers ample parking. The total property size is 1980 square feet. The property is suitable for use as an Airbnb or for visiting nurses.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $13.56 |
| − Vacancy | −$1.3k | −$0.64 |
| EGI | $25.6k | $12.92 |
| − OpEx | −$7.7k | −$3.87 |
| NOI | $17.9k | $9.04 |
1,980 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.7K
$223.8K – $298.4K
NOI $17,901 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$235.9K
$206.4K – $275.2K
NOI $16,511 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$496.7K
$434.7K – $579.5K
NOI $34,772 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.373063
- Latitude
- 31.737315
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Remodeled 4-bedroom house with 1-bedroom apartment, ideal for Airbnb.
Where is this duplex located?
The property is located at 104 CHIP CHIP Way El Paso, TX.
What is the asking price?
The asking price for this property is $279,500.
What are key features of this property?
This property features: Completely remodeled house and detached apartment with new electrical, plumbing, refrigerated AC, flooring, windows, roof, cabinetry, bathrooms, kitchen, lighting, doors, and hardware.; Four‑bedroom, two‑bath house with a separate one‑bedroom apartment.; Ideal for Airbnb or visiting nurse setup.
