Renovated Duplex with In-Unit
For Sale
$275,000
1111 Radford Street, El Paso, TX 79903
Completely renovated duplex with a 3-bedroom main unit and a 1-bedroom apartment, both with in-unit finishes.
Property Size1,655 SF
Price / SF$166.16
Days on Market213
Property Features for 1111 Radford Street
General Information
Standard status
Active
Size
1,655 SF
Property subtype
Multi-Family / House Plus Unit(s)
Zoning
R5
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,768
Amenities
Yes
Carpet, Hardwood, Tile
See Remarks
.00
Shingle
Building Details
Year Built
1929
Listing Agency:
St. Rogers Realty
Listed By:
Michael Santamaria · License #0650660
(915) 494-5154
Source:
Compass
Added: Feb 6
Changed: Aug 8
Last Checked: Jul 23 at 4:12PM
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 St. Rogers Realty
Investment Insights
Based on property information with market context.
This completely renovated duplex includes a full apartment in addition to the main residence. The main unit offers 3 bedrooms and 1 bathroom, with all new windows, updated flooring and finishes, new kitchen cabinets, granite countertops, stainless steel appliances, and in-unit washer and dryer. The owner was also able to retain the original wood floors, described as pristine.
The apartment is a spacious 1-bedroom, 1-bath unit with an even better finish. A brand-new HVAC system serves the apartment, with partial HVAC updates mentioned for the main unit.
Located in the heart of El Paso, the property is steps from Loretto Academy. At sale, this renovated two-unit layout presents a turnkey option for rental or owner-occupant use within a compact, walkable area.
The apartment is a spacious 1-bedroom, 1-bath unit with an even better finish. A brand-new HVAC system serves the apartment, with partial HVAC updates mentioned for the main unit.
Located in the heart of El Paso, the property is steps from Loretto Academy. At sale, this renovated two-unit layout presents a turnkey option for rental or owner-occupant use within a compact, walkable area.
Key Highlights
- Completely renovated duplex with a 3‑bedroom, 1‑bath main unit plus a 1‑bedroom, 1‑bath apartment
- Main unit updates include new windows, new carpet/tile, kitchen cabinets, and granite countertops; original wood floors kept
- Main unit includes stainless steel appliances and washer/dryer in unit
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
$14,963
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
5.44%
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%
$299,260
$299.3K
Cap Rate 7%
$213,757
$213.8K
Cap Rate 9%
$166,256
$166.3K
Market Conditions
NOI Build-Up for 1,655 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
$22.4K $13.56/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$21.4K $12.92/SF
− OpEx
−$6.4K −$3.87/SF
NOI
$15.0K $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%
$299,260
Cap Rate 7%
$213,757
Cap Rate 9%
$166,256
Alternative Uses
Best Use
Multifamily LT 5
$213.8K
$187.0K – $249.4K
NOI $14,963 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$197.2K
$172.5K – $230.0K
NOI $13,801 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$415.2K
$363.3K – $484.4K
NOI $29,064 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Completely renovated duplex with a 3-bedroom main unit and a 1-bedroom apartment, both with in-unit finishes.
Where is this duplex located?
The property is located at 1111 Radford Street El Paso, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Completely renovated duplex with a 3‑bedroom, 1‑bath main unit plus a 1‑bedroom, 1‑bath apartment; Main unit updates include new windows, new carpet/tile, kitchen cabinets, and granite countertops; original wood floors kept; Main unit includes stainless steel appliances and washer/dryer in unit
