Brick Duplex with Rear
New
For Sale
$175,000
10648 CARDIGAN Drive, El Paso, TX 79935
Residential, El Paso, TX
Property Size1,232 SF
Lot Size0.10 Acres
Price / SF$142.05
Days on Market6
Property Features for 10648 CARDIGAN Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Window features
Drapes
Interior features
2+ Living Areas
Exterior features
Walled Backyard
Appliances
Gas Cooktop, Gas Water Heater
Subdivision
Pebble Hills
Lot features
Subdivided
Elementary school
Washington
Middle school
J.M. Hanks Middle School
High school
Hanks
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
P65499901200500
Size
1,232 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
12 PEBBLE HILLS #2 E 4.21 FT OF 2 & W 37.29 FT OF 3
Tax Annual Amount
4554
Legal Description
12 PEBBLE HILLS #2 E 4.21 FT OF 2 & W 37.29 FT OF 3
Utilities
Heating system
Central
Cooling system
Evaporative Cooling
Amenities
attached garage
rear sunroom
Building Details
Year built
1975
Floors in Building
1
Flooring type
Vinyl, Concrete
Building materials
Brick
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
The Premiere R E Agency
Listed By:
Priscilla Terrazas · License #0654244
(915) 630-2517
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 15 at 9:06AM
MLS# 951032
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 unit at 10648 Cardigan Drive offers 1,232 square feet with three bedrooms, two bathrooms, two living areas, and an attached garage. A rear sunroom adds enclosed space that can serve as supplemental living or flex space. The property includes a walled backyard, brick construction, vinyl and concrete flooring, a gas cooktop, and a gas water heater. Central heating and evaporative cooling support the interior, while a composition and shingle roof cover the structure.
Built in 1975 on a 0.1-acre lot, the property is zoned R1 and located in El Paso's 79935 postal area. Its configuration and existing features provide a residential income property format for an investor or owner seeking a duplex asset.
Built in 1975 on a 0.1-acre lot, the property is zoned R1 and located in El Paso's 79935 postal area. Its configuration and existing features provide a residential income property format for an investor or owner seeking a duplex asset.
Key Highlights
- Duplex unit with 1,232 square feet
- Three bedrooms and two bathrooms
- Rear sunroom plus 2+ living 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
$11,139
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
6.37%
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%
$222,780
$222.8K
Cap Rate 7%
$159,129
$159.1K
Cap Rate 9%
$123,767
$123.8K
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
$16.7K $13.56/SF
− Vacancy
−$794 −$0.64/SF
EGI
$15.9K $12.92/SF
− OpEx
−$4.8K −$3.87/SF
NOI
$11.1K $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%
$222,780
Cap Rate 7%
$159,129
Cap Rate 9%
$123,767
Alternative Uses
Best Use
Multifamily LT 5
$159.1K
$139.2K – $185.7K
NOI $11,139 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$146.8K
$128.4K – $171.2K
NOI $10,274 @ 7.0% cap · market cap 5.87%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom duplex unit with an attached garage, walled backyard, and additional flexible living space.
Where is this duplex located?
The property is located at 10648 CARDIGAN Drive 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: Duplex unit with 1,232 square feet; Three bedrooms and two bathrooms; Rear sunroom plus 2+ living areas
