Renovated Duplex with Tile
For Sale
$199,500
3429A Risner Place, El Paso, TX 79936
Updated interiors feature replacement windows, refreshed bathrooms, and a redesigned kitchen.
Property Size1,184 SF
Price / SF$168.50
Days on Market47
Property Features for 3429A Risner Place
General Information
Standard status
Active
Size
1,184 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1981
Listing Agency:
Home Guide Real Estate LLC
(915) 855-1110
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 29 at 10:25AM
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 Home Guide Real Estate LLC
Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath duplex has undergone extensive interior and exterior updates. Improvements include ceramic tile flooring throughout, new ceiling fans and light fixtures, replacement windows, updated bathroom vanities and mirrors, and a replaced hall bathtub. The kitchen has been reworked with new countertops, creating a refreshed residential interior without carpet. The property was built in 1981 and contains 1,184 square feet.
Located in El Paso, the duplex sits across the street from Pebble Hills Elementary School, providing direct proximity to a nearby educational facility. The combination of updated finishes, revised kitchen and bath components, and a three-bedroom layout supports continued residential use.
Located in El Paso, the duplex sits across the street from Pebble Hills Elementary School, providing direct proximity to a nearby educational facility. The combination of updated finishes, revised kitchen and bath components, and a three-bedroom layout supports continued residential use.
Key Highlights
- 3‑bedroom, 2‑bath duplex
- 1,184 square feet built in 1981
- Ceramic tile flooring throughout with no carpet
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
$14,266
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
7.15%
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%
$285,320
$285.3K
Cap Rate 7%
$203,800
$203.8K
Cap Rate 9%
$158,511
$158.5K
Market Conditions
NOI Build-Up for 1,184 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
$21.3K $18.00/SF
− Vacancy
−$931 −$0.79/SF
EGI
$20.4K $17.21/SF
− OpEx
−$6.1K −$5.16/SF
NOI
$14.3K $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%
$285,320
Cap Rate 7%
$203,800
Cap Rate 9%
$158,511
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$181.0K
$158.4K – $211.2K
NOI $12,673 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
296
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 - Updated interiors feature replacement windows, refreshed bathrooms, and a redesigned kitchen.
Where is this duplex located?
The property is located at 3429A Risner Place El Paso, TX.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath duplex; 1,184 square feet built in 1981; Ceramic tile flooring throughout with no carpet
