Duplex with
For Sale
$359,990
1502 & 1504 N FLORENCE Street, El Paso, TX 79902
Residential Income, El Paso, TX
Property Size1,118 SF
Lot Size0.05 Acres
Price / SF$321.99
Days on Market13
Property Features for 1502 & 1504 N FLORENCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Parking features
Secured
Appliances
Free-Standing Gas Oven
Subdivision
Alexander
Elementary school
Lamar
Middle school
Wiggs
High school
Elpaso
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
A46299904107700
Size
1,118 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
41 ALEXANDER 18 & S 1/2 OF 17 (2318 SQ FT)
Tax Annual Amount
5847
Legal Description
41 ALEXANDER 18 & S 1/2 OF 17 (2318 SQ FT)
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s), Evaporative Cooling
Amenities
fully equipped kitchen
dedicated laundry room
fireplace
Building Details
Year built
1925
Number of units
2
Flooring type
Hardwood, Tile - Ceramic, Laminate
Building materials
Brick
Roof type
Flat
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Jackie Stevens
(915) 630-4441
Added: Sep 25
Changed: Oct 2
Last Checked: Oct 7 at 4:06AM
MLS# 951867
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 two-story duplex at 1502 and 1504 N Florence Street has a brick exterior and a basement described as suitable for rental use. Each residence includes a kitchen, a dedicated laundry room, and a fireplace. The property was built in 1925 and sits on a 0.05-acre lot.
Located in El Paso’s 79902 ZIP code, the property is identified as being within a historic district and near a university. Zoning is M3. Additional features include secured parking, central heating, and cooling that includes central air and evaporative cooling.
Located in El Paso’s 79902 ZIP code, the property is identified as being within a historic district and near a university. Zoning is M3. Additional features include secured parking, central heating, and cooling that includes central air and evaporative cooling.
Key Highlights
- Two‑story duplex built in 1925
- 0.05‑acre lot
- Separate kitchen, laundry room, and fireplace in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,108
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,160
$202.2K
Cap Rate 7%
$144,400
$144.4K
Cap Rate 9%
$112,311
$112.3K
Market Conditions
NOI Build-Up for 1,118 SF
Gross rent
$15.2K $13.56/SF
− Vacancy
−$720 −$0.64/SF
EGI
$14.4K $12.92/SF
− OpEx
−$4.3K −$3.87/SF
NOI
$10.1K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,160
Cap Rate 7%
$144,400
Cap Rate 9%
$112,311
Alternative Uses
Best Use
Multifamily LT 5
$144.4K
$126.4K – $168.5K
NOI $10,108 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$133.2K
$116.5K – $155.4K
NOI $9,323 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$280.5K
$245.4K – $327.2K
NOI $19,634 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen, laundry room, and fireplace, with additional basement space.
Where is this duplex located?
The property is located at 1502 & 1504 N FLORENCE Street El Paso, TX.
What is the asking price?
The asking price for this property is $359,990.
What are key features of this property?
This property features: Two‑story duplex built in 1925; 0.05‑acre lot; Separate kitchen, laundry room, and fireplace in each residence
