Remodeled
For Sale
$309,500
1615 N Campbell Street #2, El Paso, TX 79902
Both residences received updates to core systems, windows, flooring, kitchens, and bathrooms.
Property Size1,200 SF
Price / SF$257.92
Days on Market23
Property Features for 1615 N Campbell Street #2
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi Family Home
Zoning
R1
Site & Location
Neighborhood
Rio Grande Neighborhood Association
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,219
Amenities
Eat-in Kitchen
Basement
Pantry
Building Details
Building Size
1,200 SF
Year Built
1923
Stories
1
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Veronica Quezada
(915) 217-8131
Source:
Elpasorealestateco
Added: Oct 8
Changed: Oct 25
Last Checked: Oct 29 at 8:26PM
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 Home Pros Real Estate Group
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Investment Insights
Based on property information with market context.
This two-unit property in El Paso was built in 1923 and has 1,200 square feet. Recent remodeling included plumbing, electrical systems, flooring, windows, kitchens, and bathrooms in both residences. The units are being conveyed together, and the R1 zoning designation applies to the property.
The duplex is in the Alexander subdivision, near Kern Place, UTEP, and local hospitals. Its two-unit configuration supports leasing both residences or occupying one while renting the other.
The duplex is in the Alexander subdivision, near Kern Place, UTEP, and local hospitals. Its two-unit configuration supports leasing both residences or occupying one while renting the other.
Key Highlights
- Two‑unit property with 1,200 square feet
- Both residences updated with new plumbing and electrical systems
- Remodeled kitchens, bathrooms, flooring, and windows in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,849
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,980
$217.0K
Cap Rate 7%
$154,986
$155.0K
Cap Rate 9%
$120,544
$120.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$16.3K $13.56/SF
− Vacancy
−$773 −$0.64/SF
EGI
$15.5K $12.92/SF
− OpEx
−$4.6K −$3.87/SF
NOI
$10.8K $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%
$216,980
Cap Rate 7%
$154,986
Cap Rate 9%
$120,544
Alternative Uses
Best Use
Multifamily LT 5
$155.0K
$135.6K – $180.8K
NOI $10,849 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$143.0K
$125.1K – $166.8K
NOI $10,007 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$301.1K
$263.4K – $351.2K
NOI $21,074 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,260
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences received updates to core systems, windows, flooring, kitchens, and bathrooms.
Where is this duplex located?
The property is located at 1615 N Campbell Street #2 El Paso, TX.
What is the asking price?
The asking price for this property is $309,500.
What are key features of this property?
This property features: Two‑unit property with 1,200 square feet; Both residences updated with new plumbing and electrical systems; Remodeled kitchens, bathrooms, flooring, and windows in both units
