Two-Unit
For Sale
$210,000
1128 E River Avenue #A & B, El Paso, TX 79902
Each residence offers two bedrooms and one bathroom, with water service paid by the owner.
Property Size1,560 SF
Price / SF$134.62
Days on Market147
Property Features for 1128 E River Avenue #A & B
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi Family Home
Zoning
R5
Site & Location
Neighborhood
Kern Place Neighborhood Association
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,099
Building Details
Building Size
1,560 SF
Year Built
1948
Stories
2
Units
2
Listing Agency:
Alpha Omega Real Estate Group LLC
(915) 383-9501
Listed By:
David Bagby Cantu · License #0711943
(915) 383-8358
Source:
Elpasorealestateco
Added: Jun 2
Changed: Oct 26
Last Checked: Oct 26 at 3:46AM
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 Alpha Omega Real Estate Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,560-square-foot duplex was built in 1948 and contains two residences, each arranged with two bedrooms and one bathroom. The owner pays the water expense, and the property is zoned R5.
The property is near major hospitals, Downtown El Paso, and UTEP. Showings require advance approval, and the occupied units should not be disturbed.
The property is near major hospitals, Downtown El Paso, and UTEP. Showings require advance approval, and the occupied units should not be disturbed.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,560 square feet; built in 1948
- R5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,104
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,080
$282.1K
Cap Rate 7%
$201,486
$201.5K
Cap Rate 9%
$156,711
$156.7K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$21.2K $13.56/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$20.1K $12.92/SF
− OpEx
−$6.0K −$3.87/SF
NOI
$14.1K $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 Rate 5%
$282,080
Cap Rate 7%
$201,486
Cap Rate 9%
$156,711
Alternative Uses
Best Use
Multifamily LT 5
$201.5K
$176.3K – $235.1K
NOI $14,104 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,009 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$391.4K
$342.5K – $456.6K
NOI $27,396 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with water service paid by the owner.
Where is this duplex located?
The property is located at 1128 E River Avenue #A & B El Paso, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,560 square feet; built in 1948; R5 zoning
