Three-Bedroom Duplex
New
For Sale
$175,000
10648 Cardigan Dr, El Paso, TX 79935
Residential income property with an attached garage, rear sunroom, and flexible interior space.
Property Size1,232 SF
Price / SF$142.05
Days on Market3
Property Features for 10648 Cardigan Dr
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Multi-Family
Units
Unit Mix
3BR/2BA
Multifamily Units
1
Building Details
Year Built
1975
Listing Agency:
Sandy Messer And Associates
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 15 at 8:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sandy Messer And Associates
Investment Insights
Based on property information with market context.
This residential income property is a 1,232-square-foot duplex unit with three bedrooms and two bathrooms. The layout includes an attached garage and a rear sunroom that can serve as additional living or flex space. Built in 1975, the property offers a practical configuration for a long-term rental or other income-producing use.
The home is located on El Paso’s East Side near shopping, dining, schools, and major roadways. Its established neighborhood setting and functional improvements provide a straightforward addition to a residential rental portfolio.
The home is located on El Paso’s East Side near shopping, dining, schools, and major roadways. Its established neighborhood setting and functional improvements provide a straightforward addition to a residential rental portfolio.
Key Highlights
- 1,232‑square‑foot duplex unit with 3 bedrooms and 2 bathrooms
- Attached garage included
- Rear sunroom adds living or flex space
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
$10,274
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%
$205,480
$205.5K
Cap Rate 7%
$146,771
$146.8K
Cap Rate 9%
$114,156
$114.2K
Market Conditions
NOI Build-Up for 1,232 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
$19.7K $15.96/SF
− Vacancy
−$983 −$0.80/SF
EGI
$18.7K $15.16/SF
− OpEx
−$8.4K −$6.82/SF
NOI
$10.3K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
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%
$205,480
Cap Rate 7%
$146,771
Cap Rate 9%
$114,156
Alternative Uses
Best Use
Apartment 5plus
$146.8K
$128.4K – $171.2K
NOI $10,274 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 79935, TX
17,534
Population
7,165
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
5,010
Density / Sq Mi
$65,000
Median Household Income
$32,377
Median Earnings
$1,070
Median Rent
$194,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with an attached garage, rear sunroom, and flexible interior space.
Where is this residential income property located?
The property is located at 10648 Cardigan Dr El Paso, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,232‑square‑foot duplex unit with 3 bedrooms and 2 bathrooms; Attached garage included; Rear sunroom adds living or flex space
