Duplex Property with Mobile
For Sale
$260,000
15000 ARKMONK Avenue, El Paso, TX 79928
Residential, El Paso, TX
Property Size2,710 SF
Lot Size0.45 Acres
Price / SF$95.94
Days on Market680
Property Features for 15000 ARKMONK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Dining Room, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1
Window features
Single Pane Window(s)
Interior features
Cathedral Ceiling(s), 2+ Living Areas, Ceiling Fan(s), High Speed Internet
Exterior features
Back Yard Access
Appliances
Convection Oven, Fan Hood, Gas Water Heater
Subdivision
Horizon City
Elementary school
Clint
Middle school
Clint
High school
Clint
Elementary school district
Clint
Middle school district
Clint
High school district
Clint
Standard status
Active
APN
H77909077800005
Size
2,710 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
778 HORIZON CITY #90 LOT 1 (21614.47SQ FT)
Tax Annual Amount
8000
Legal Description
778 HORIZON CITY #90 LOT 1 (21614.47SQ FT)
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating), Central
Cooling system
Ceiling Fan(s)
Amenities
refrigerated AC unit
Building Details
Year built
2018
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Stone, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Mendez Burk
(915) 231-1225
Listed By:
Misael Ortiz · License #0783654
(915) 525-2698
Added: Oct 23, 2024
Changed: Aug 26
Last Checked: Sep 2 at 12:06PM
MLS# 911057
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 R1-zoned residential property includes two remodeled homes along with a separate mobile home. The homes provide a combined 2,710 square feet of property size, with multiple living areas, tile and carpet flooring, cathedral ceilings, ceiling fans, and back-yard access. Stone and stucco construction, shingle roofing, central heating, and a propane heating system are also reported. The property was built in 2018.
Located in El Paso, the site is served by a septic tank system and includes a convection oven, fan hood, and gas water heater. The source information identifies bedrooms 1 through 6, two bathrooms, a dining room, and additional residential rooms. The property offers an existing multi-structure residential configuration within the R1 designation.
Located in El Paso, the site is served by a septic tank system and includes a convection oven, fan hood, and gas water heater. The source information identifies bedrooms 1 through 6, two bathrooms, a dining room, and additional residential rooms. The property offers an existing multi-structure residential configuration within the R1 designation.
Key Highlights
- Two remodeled residential units plus one mobile home
- 2,710 square feet of property size
- R1 zoning designation
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
$22,429
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
8.63%
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%
$448,580
$448.6K
Cap Rate 7%
$320,414
$320.4K
Cap Rate 9%
$249,211
$249.2K
Market Conditions
NOI Build-Up for 2,710 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
$42.9K $15.84/SF
− Vacancy
−$2.1K −$0.79/SF
EGI
$40.8K $15.05/SF
− OpEx
−$18.4K −$6.77/SF
NOI
$22.4K $8.28/SF
Area
ZIP 79928
Vacancy
5.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
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%
$448,580
Cap Rate 7%
$320,414
Cap Rate 9%
$249,211
Alternative Uses
Best Use
Multifamily LT 5
$346.9K
$303.6K – $404.8K
NOI $24,285 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$320.4K
$280.4K – $373.8K
NOI $22,429 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$473.9K
$414.6K – $552.8K
NOI $33,170 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
28
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 - Two remodeled residential units and an additional mobile home occupy an R1-zoned El Paso property.
Where is this duplex located?
The property is located at 15000 ARKMONK Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two remodeled residential units plus one mobile home; 2,710 square feet of property size; R1 zoning designation
