Two-Unit Duplex with Central
For Sale
$427,000
1530 Common Drive, El Paso, TX 79936
Residential Income, El Paso, TX
Property Size3,128 SF
Lot Size0.18 Acres
Price / SF$136.51
Days on Market114
Property Features for 1530 Common Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Parking features
Guest
Subdivision
Vista Del Sol
Elementary school
Tierra Del Sol
Middle school
Desertv
High school
Hanks
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
V89399921502300
Size
3,128 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
215 VISTA DEL SOL #41 LOT 12 (7664.00 SQ FT)
Tax Annual Amount
9386
Legal Description
215 VISTA DEL SOL #41 LOT 12 (7664.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1980
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Leonardo Poggio · License #0670259
(915) 316-5005
Added: May 12
Changed: Sep 1
Last Checked: Sep 2 at 4:06AM
MLS# 943852
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 contains two residential units within a 3,128-square-foot building on a 0.18-acre parcel. Constructed in 1980, the property features stucco exterior construction, central heating, a shingle roof, guest parking, and public sewer service. The R1 zoning designation supports its residential classification.
Located at 1530 Common Drive in El Paso, the property is positioned near shopping centers, schools, restaurants, and everyday services, with convenient freeway access. The two-unit configuration provides a defined residential income property format in an established area.
Located at 1530 Common Drive in El Paso, the property is positioned near shopping centers, schools, restaurants, and everyday services, with convenient freeway access. The two-unit configuration provides a defined residential income property format in an established area.
Key Highlights
- Two residential units in a 3,128‑square‑foot duplex
- 0.18‑acre parcel at 1530 Common Drive, El Paso, TX 79936
- 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
$37,690
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
8.83%
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%
$753,800
$753.8K
Cap Rate 7%
$538,429
$538.4K
Cap Rate 9%
$418,778
$418.8K
Market Conditions
NOI Build-Up for 3,128 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
$56.3K $18.00/SF
− Vacancy
−$2.5K −$0.79/SF
EGI
$53.8K $17.21/SF
− OpEx
−$16.2K −$5.16/SF
NOI
$37.7K $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%
$753,800
Cap Rate 7%
$538,429
Cap Rate 9%
$418,778
Alternative Uses
Best Use
Multifamily LT 5
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$478.3K
$418.5K – $558.0K
NOI $33,482 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$661.8K
$579.1K – $772.1K
NOI $46,325 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,421
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R1-zoned residential property with public sewer service and guest parking.
Where is this duplex located?
The property is located at 1530 Common Drive El Paso, TX.
What is the asking price?
The asking price for this property is $427,000.
What are key features of this property?
This property features: Two residential units in a 3,128‑square‑foot duplex; 0.18‑acre parcel at 1530 Common Drive, El Paso, TX 79936; R1 zoning designation
