Residential Income Property with Open
For Sale
$159,950
Pending
1533 Greg Powers Dr, El Paso, TX 79936
Single-unit residence with a private primary suite, flexible secondary rooms, and a low-maintenance outdoor area.
Property Size1,074 SF
Days on Market61
Property Features for 1533 Greg Powers Dr
General Information
Standard status
Pending
Size
1,074 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Corridor 20 Civic Association
Highway Access
Yes
Additional Details
Multifamily Units
1
Building Details
Year Built
1987
Listing Agency:
Keller Williams Realty
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Sep 1
Changed: Oct 27
Last Checked: Oct 30 at 1:50PM
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.
This 1,074-square-foot residential income property includes an open living arrangement, a functional kitchen with substantial cabinet and counter space, and multiple bedrooms suited to household use, guest accommodations, or a home office. The primary suite has its own ensuite bathroom and generous closet storage. A low-maintenance outdoor area adds usable exterior space.
Built in 1987, the property is identified as Unit B at 1533 Greg Powers Dr in El Paso. Its East El Paso setting places the residence minutes from shopping, dining, parks, and schools, with access to Loop 375 and I-10 also noted.
Built in 1987, the property is identified as Unit B at 1533 Greg Powers Dr in El Paso. Its East El Paso setting places the residence minutes from shopping, dining, parks, and schools, with access to Loop 375 and I-10 also noted.
Key Highlights
- 1,074 SF residential income property identified as Unit B
- Open floor plan with spacious living areas
- Primary suite includes a private ensuite bath and generous closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,496
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,920
$229.9K
Cap Rate 7%
$164,229
$164.2K
Cap Rate 9%
$127,733
$127.7K
Market Conditions
NOI Build-Up for 1,074 SF
Gross rent
$21.9K $20.40/SF
− Vacancy
−$1.0K −$0.94/SF
EGI
$20.9K $19.46/SF
− OpEx
−$9.4K −$8.76/SF
NOI
$11.5K $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%
$229,920
Cap Rate 7%
$164,229
Cap Rate 9%
$127,733
Alternative Uses
Best Use
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,496 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.2K
$198.8K – $265.1K
NOI $15,906 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
875
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 - Single-unit residence with a private primary suite, flexible secondary rooms, and a low-maintenance outdoor area.
Where is this residential income property located?
The property is located at 1533 Greg Powers Dr El Paso, TX.
What is the asking price?
The asking price for this property is $159,950.
What are key features of this property?
This property features: 1,074 SF residential income property identified as Unit B; Open floor plan with spacious living areas; Primary suite includes a private ensuite bath and generous closet space
