Two-Unit Duplex
For Sale
$475,000
14981 Eddie Mullens Court, El Paso, TX 79938
Residential Income, El Paso, TX
Property Size2,752 SF
Lot Size0.19 Acres
Price / SF$172.60
Days on Market49
Property Features for 14981 Eddie Mullens Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Parking features
On Street, Guest
Appliances
Washer, Microwave, Gas Cooktop, Free-Standing Gas Oven, Exhaust Fan, Dryer, Disposal, Dishwasher
Subdivision
Tierra Del Este
Elementary school
Cactus Trail
Middle school
Manuel R Puentes
High school
Pebble Hills
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
677391
Size
2,752 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Tierra del Este #77 Block 477 Lot 6
Tax Annual Amount
9584
Legal Description
Tierra del Este #77 Block 477 Lot 6
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s)
Amenities
full size washer and dryer
xeriscape
turf patches
Building Details
Year built
2018
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Flat
Listing Agency:
Hiett & Associatees
(915) 760-4533
Listed By:
Guillermo Ricardo Sotomayor
(915) 929-4765
Added: Jul 22
Changed: Sep 3
Last Checked: Sep 8 at 11:06AM
MLS# 948174
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 2,752-square-foot duplex at 14981 Eddie Mullens Court contains two separate residences: a two-story, three-bedroom, 2.5-bath unit and a single-story, three-bedroom, two-bath unit. Built in 2018, the property features stucco construction, ceramic tile flooring, central heating, ceiling fans, flat roofing, and low-maintenance outdoor areas with turf patches and xeriscaping. Each residence includes a full-size washer and dryer along with a kitchen appliance package that includes a microwave, gas cooktop, free-standing gas oven, exhaust fan, disposal, and dishwasher.
The property is served by public sewer and has on-street and guest parking. It is zoned R5 and forms part of a portfolio comprising 6 duplexes and 12 total units. Showings require an appointment, and access is limited to qualified buyers.
The property is served by public sewer and has on-street and guest parking. It is zoned R5 and forms part of a portfolio comprising 6 duplexes and 12 total units. Showings require an appointment, and access is limited to qualified buyers.
Key Highlights
- 2,752 SF duplex with two residences
- Two‑story unit offers 3 bedrooms and 2.5 baths
- Single‑story unit offers 3 bedrooms and 2 baths
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
$33,602
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
7.07%
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%
$672,040
$672.0K
Cap Rate 7%
$480,029
$480.0K
Cap Rate 9%
$373,356
$373.4K
Market Conditions
NOI Build-Up for 2,752 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
$50.2K $18.24/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$48.0K $17.44/SF
− OpEx
−$14.4K −$5.23/SF
NOI
$33.6K $12.21/SF
Area
ZIP 79938
Vacancy
4.37%
Lease Rate
$18.24 /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%
$672,040
Cap Rate 7%
$480,029
Cap Rate 9%
$373,356
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$428.2K
$374.7K – $499.6K
NOI $29,977 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$690.4K
$604.1K – $805.5K
NOI $48,329 @ 7.0% cap · market cap 10.17%
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
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
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 - Occupied residential income property with durable finishes, private yards, and in-unit laundry appliances.
Where is this duplex located?
The property is located at 14981 Eddie Mullens Court El Paso, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,752 SF duplex with two residences; Two‑story unit offers 3 bedrooms and 2.5 baths; Single‑story unit offers 3 bedrooms and 2 baths
