1128 E RIVER Avenue El Paso, TX 79902
MULTI_FAMILY - El Paso, TX
- Added:
- Jun 2, 2026
- Days on Market:
- 43
- Last Refresh:
- Jul 14 at 12:06 am
Property Features for 1128 E RIVER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Parking features
- On Street
- Standard status
- Active
- APN
- P79599929302500
- Size
- 1,560 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 293 PIERCE FINLEY 15 & 16 (6000 SQ FT)
- Tax Annual Amount
- 4100
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1948
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Flat
Listing agent David Bagby Cantu License #0711943 (915) 383-8358
Listing office Alpha Omega Real Estate Group LLC 801 N El Paso St. Ste. 125, El Paso, TX (915) 383-9501
Listing date Jun 2, 2026
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.
The property is centrally located in El Paso and is described as being close to major hospitals, Downtown, and UTEP. The listing also identifies the zoning as R5. Prospective buyers should plan their visits accordingly, as access is managed through the required pre-approval process.
For investors seeking a manageable, two-unit residential income property, this duplex can be a practical option given its consistent unit layout and the owner-paid water component. Its location near key employment and activity centers may support tenant demand. With showings controlled in advance and tenants onsite, this is best suited for buyers who are prepared to coordinate timing through the listing representative.
Key Highlights
- Duplex built in 1948 with stucco construction and a flat roof
- Each unit offers a 2 bed, 1 bath layout
- Central heating and central air conditioning
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 | $21.2k | $13.56 |
| − Vacancy | −$1.0k | −$0.64 |
| EGI | $20.1k | $12.92 |
| − OpEx | −$6.0k | −$3.87 |
| NOI | $14.1k | $9.04 |
