Maintained Duplex Unit with Private
For Sale
$169,998
1514 Greg Powers Drive, El Paso, TX 79936
Residential, El Paso, TX
Property Size978 SF
Lot Size0.10 Acres
Price / SF$173.82
Days on Market42
Property Features for 1514 Greg Powers Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Window features
Blinds
Interior features
Ceiling Fan(s)
Exterior features
Back Yard Access
Appliances
Dishwasher, Disposal, Free-Standing Gas Oven, Range Hood
Subdivision
Vista Del Sol
Lot features
Standard Lot
Elementary school
Mcooper
Middle school
Walter Clarke
High school
Americas
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
V89399941300800
Size
978 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
413 VISTA DEL SOL #91 SLY 34 FT OF 8 & NLY 2 FT OF 7 (4320.00 SQ FT)
Tax Annual Amount
2863
Legal Description
413 VISTA DEL SOL #91 SLY 34 FT OF 8 & NLY 2 FT OF 7 (4320.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Year built
1986
Floors in Building
1
Flooring type
Carpet, Terrazzo
Building materials
Brick Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
JPAR (ofc4312)
(800) 683-5651
Listed By:
Alexander Cordova · License #0673567
(915) 203-9783
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 30 at 5:06PM
MLS# 947924
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 duplex unit provides 978 square feet of residential space with three bedrooms and two bathrooms. The interior includes an open layout with living, dining, and kitchen areas, along with a primary suite featuring an ensuite bath and closet space. Kitchen equipment includes a dishwasher, disposal, gas oven, and range hood. Ceiling fans, natural-gas heating, evaporative cooling, brick veneer construction, terrazzo and carpet flooring, and a composition roof are also included. The home was built in 1986 and has public sewer service.
The property occupies a 0.1-acre lot in El Paso’s 79936 ZIP code. Exterior features include a private backyard and rear access. Loop 375 and I-10 are identified as nearby transportation routes, with shopping, restaurants, parks, and schools also noted in the surrounding area.
The property occupies a 0.1-acre lot in El Paso’s 79936 ZIP code. Exterior features include a private backyard and rear access. Loop 375 and I-10 are identified as nearby transportation routes, with shopping, restaurants, parks, and schools also noted in the surrounding area.
Key Highlights
- 978 square feet with 3 bedrooms and 2 bathrooms
- 0.1‑acre lot with private backyard and back yard access
- Kitchen equipped with dishwasher, disposal, gas oven, and range hood
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
$11,784
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
6.93%
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%
$235,680
$235.7K
Cap Rate 7%
$168,343
$168.3K
Cap Rate 9%
$130,933
$130.9K
Market Conditions
NOI Build-Up for 978 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
$17.6K $18.00/SF
− Vacancy
−$769 −$0.79/SF
EGI
$16.8K $17.21/SF
− OpEx
−$5.1K −$5.16/SF
NOI
$11.8K $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%
$235,680
Cap Rate 7%
$168,343
Cap Rate 9%
$130,933
Alternative Uses
Best Use
Multifamily LT 5
$168.3K
$147.3K – $196.4K
NOI $11,784 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$149.5K
$130.9K – $174.5K
NOI $10,468 @ 7.0% cap · market cap 6.16%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
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
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 - Three-bedroom residence with an open living arrangement, private outdoor space, and practical everyday amenities.
Where is this duplex located?
The property is located at 1514 Greg Powers Drive 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 square feet with 3 bedrooms and 2 bathrooms; 0.1‑acre lot with private backyard and back yard access; Kitchen equipped with dishwasher, disposal, gas oven, and range hood
