Residential Income Property with Outdoor
For Sale
$169,998
1514 Greg Powers Dr, El Paso, TX 79936
Two-bedroom-style residential layout with an open living area, private exterior space, and convenient East El Paso access.
Property Size978 SF
Price / SF$173.82
Days on Market100
Property Features for 1514 Greg Powers Dr
General Information
Standard status
Active
Size
978 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Corridor 20 Civic Association
Building Details
Year Built
1986
Listing Agency:
Keller Williams Realty
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Jul 23
Changed: Oct 27
Last Checked: Oct 30 at 2:38PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Located at 1514 Greg Powers Dr, Unit A, this 978-square-foot residential income property was built in 1986. The interior includes an open arrangement connecting the living, dining, and kitchen areas, with ample cabinetry and counter space. A primary suite includes a private bathroom and closet space, while additional bedrooms can accommodate residents, guests, or office use. Private outdoor space extends the usable area beyond the interior.
The property is in East El Paso near shopping, restaurants, parks, and schools. Access to Loop 375 and I-10 supports travel throughout the area. The low-maintenance configuration and established residential setting add practical appeal for residential income ownership.
The property is in East El Paso near shopping, restaurants, parks, and schools. Access to Loop 375 and I-10 supports travel throughout the area. The low-maintenance configuration and established residential setting add practical appeal for residential income ownership.
Key Highlights
- 978 SF residential income property at 1514 Greg Powers Dr, Unit A
- Built in 1986
- Open living, dining, and kitchen arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,468
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,360
$209.4K
Cap Rate 7%
$149,543
$149.5K
Cap Rate 9%
$116,311
$116.3K
Market Conditions
NOI Build-Up for 978 SF
Gross rent
$20.0K $20.40/SF
− Vacancy
−$918 −$0.94/SF
EGI
$19.0K $19.46/SF
− OpEx
−$8.6K −$8.76/SF
NOI
$10.5K $10.70/SF
Area
ZIP 79936
Vacancy
4.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,360
Cap Rate 7%
$149,543
Cap Rate 9%
$116,311
Alternative Uses
Best Use
Apartment 5plus
$149.5K
$130.9K – $174.5K
NOI $10,468 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.9K
$181.1K – $241.4K
NOI $14,484 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,036
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
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom-style residential layout with an open living area, private exterior space, and convenient East El Paso access.
Where is this residential income property located?
The property is located at 1514 Greg Powers Dr El Paso, TX.
What is the asking price?
The asking price for this property is $169,998.
What are key features of this property?
This property features: 978 SF residential income property at 1514 Greg Powers Dr, Unit A; Built in 1986; Open living, dining, and kitchen arrangement
