Brick Duplex with Walled
For Sale
$170,000
11359 LAKE LOY Drive, El Paso, TX 79936
Residential, El Paso, TX
Property Size1,079 SF
Lot Size0.07 Acres
Price / SF$157.55
Days on Market19
Property Features for 11359 LAKE LOY Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Window features
Blinds
Exterior features
Walled Backyard
Fireplace
1
Appliances
Dishwasher, Free-Standing Gas Oven, Gas Cooktop
Subdivision
Vista Del Sol
Lot features
Standard Lot
Elementary school
Benito Martinez
Middle school
Slider
High school
Montwood
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
V89399944502000
Size
1,079 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
445 VISTA DEL SOL #86 WLY 30 FT OF LOT 20 3000.00 SQ FT
Tax Annual Amount
3010
Legal Description
445 VISTA DEL SOL #86 WLY 30 FT OF LOT 20 3000.00 SQ FT
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Evaporative Cooling, Central Air, Ceiling Fan(s)
Building Details
Year built
1986
Floors in Building
1
Flooring type
Tile
Building materials
Brick Veneer
Architectural style
Other
Listing Agency:
The Right Move Real Estate Gro
(915) 253-1966
Listed By:
Elvia Gonzalez de Lopez
(915) 541-5028
Added: Aug 12
Changed: Aug 26
Last Checked: Aug 30 at 6:06PM
MLS# 949240
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 property at 11359 LAKE LOY Drive includes a 1,079-square-foot unit with three bedrooms and one and one-half bathrooms. Built in 1986, the home features brick veneer construction, tile flooring, a walled backyard, and a fireplace. The kitchen is equipped with a dishwasher, free-standing gas oven, and gas cooktop. Central heating uses natural gas, while cooling is provided by central air, evaporative cooling, and ceiling fans.
The property occupies 0.07 acres in El Paso’s 79936 ZIP code and is served by public sewer. M3 zoning is identified for the site. The east-side setting is described as being near shopping, entertainment, and churches.
The property occupies 0.07 acres in El Paso’s 79936 ZIP code and is served by public sewer. M3 zoning is identified for the site. The east-side setting is described as being near shopping, entertainment, and churches.
Key Highlights
- 3‑bedroom, 1.5‑bathroom unit within a duplex
- 1,079 square feet on a 0.07‑acre lot
- M3 zoning in El Paso, TX 79936
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
$13,001
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
7.65%
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%
$260,020
$260.0K
Cap Rate 7%
$185,729
$185.7K
Cap Rate 9%
$144,456
$144.5K
Market Conditions
NOI Build-Up for 1,079 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
$19.4K $18.00/SF
− Vacancy
−$849 −$0.79/SF
EGI
$18.6K $17.21/SF
− OpEx
−$5.6K −$5.16/SF
NOI
$13.0K $12.05/SF
Area
ZIP 79936
Vacancy
4.37%
Lease Rate
$18.00 /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%
$260,020
Cap Rate 7%
$185,729
Cap Rate 9%
$144,456
Alternative Uses
Best Use
Multifamily LT 5
$185.7K
$162.5K – $216.7K
NOI $13,001 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$165.0K
$144.4K – $192.5K
NOI $11,549 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$228.3K
$199.8K – $266.3K
NOI $15,980 @ 7.0% cap · market cap 9.40%
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
695
Businesses Nearby
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
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 - East El Paso duplex with tile flooring, central climate control, and a gas-equipped kitchen.
Where is this duplex located?
The property is located at 11359 LAKE LOY Drive El Paso, TX.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 3‑bedroom, 1.5‑bathroom unit within a duplex; 1,079 square feet on a 0.07‑acre lot; M3 zoning in El Paso, TX 79936
