Turnkey Fully Leased
For Sale
$310,000
Pending
13051 Harnose Drive, El Paso, TX 79928
Newly constructed duplex built in 2026, featuring two fully leased 2-bedroom, 2-bath units with open-concept layouts.
Property Size2,000 SF
Days on Market77
Property Features for 13051 Harnose Drive
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Multi-Family / Duplex
Zoning
R1
Taxes and HOA fees
Annual Taxes
$191
Amenities
Yes
Washer, Refrigerator, Microwave, Gas Cooktop, Dryer
.00
Flat, Shingle
Building Details
Year Built
2026
Listing Agency:
eXp Realty LLC
Listed By:
Angelica Ramirez · License #0807963
(915) 252-9697
Source:
Compass
Added: Jun 19
Changed: Aug 8
Last Checked: Jul 24 at 3:27PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This turnkey duplex was newly constructed in 2026 and is currently fully leased. The property includes two thoughtfully designed units, each offering 2 bedrooms and 2 bathrooms. Both units feature open-concept floor plans and modern finishes, with spacious kitchens and comfortable primary suites, supported by quality craftsmanship throughout.
The property is described as having convenient access to shopping, dining, schools, and major roadways.
The duplex’s existing tenant occupancy provides an immediately income-producing configuration with two separate residential units.
The property is described as having convenient access to shopping, dining, schools, and major roadways.
The duplex’s existing tenant occupancy provides an immediately income-producing configuration with two separate residential units.
Key Highlights
- Newly constructed duplex (Year built 2026) with two fully leased units
- Two 2‑bedroom, 2‑bath units, fully tenant occupied
- Open‑concept floor plans in both units
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
$17,922
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
5.78%
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%
$358,440
$358.4K
Cap Rate 7%
$256,029
$256.0K
Cap Rate 9%
$199,133
$199.1K
Market Conditions
NOI Build-Up for 2,000 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
$26.9K $13.44/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$25.6K $12.80/SF
− OpEx
−$7.7K −$3.84/SF
NOI
$17.9K $8.96/SF
Area
ZIP 79928
Vacancy
4.75%
Lease Rate
$13.44 /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%
$358,440
Cap Rate 7%
$256,029
Cap Rate 9%
$199,133
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.7K
NOI $17,922 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,553 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$349.7K
$306.0K – $408.0K
NOI $24,480 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 79928, TX
78,971
Population
24,841
Households
3.2
Avg Household Size
29
Median Age
24%
College-Educated
85%
High-School Grad
209.9 sq mi
ZIP Area
376
Density / Sq Mi
$73,704
Median Household Income
$37,406
Median Earnings
$1,145
Median Rent
$188,600
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 - Newly constructed duplex built in 2026, featuring two fully leased 2-bedroom, 2-bath units with open-concept layouts.
Where is this duplex located?
The property is located at 13051 Harnose Drive El Paso, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Newly constructed duplex (Year built 2026) with two fully leased units; Two 2‑bedroom, 2‑bath units, fully tenant occupied; Open‑concept floor plans in both units
