Remodeled Duplex with Detached
For Sale
$250,000
194 Ben Swain Dr, El Paso, TX 79915
Two updated living units offer flexible occupancy and a separate accessory dwelling layout.
Property Size1,600 SF
Lot Size0.30 Acres
Price / SF$156.25
Days on Market50
Property Features for 194 Ben Swain Dr
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.30 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,500
Amenities
refrigerated air
Building Details
Buildings
2
Listing Agency:
Realty One Group Mendez Burk
(915) 269-0831
Listed By:
Luis F. Contreras · License #0689257
(915) 269-0831
Source:
Exprealty
Added: Jul 14
Changed: Aug 30
Last Checked: Aug 31 at 7:05PM
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 Realty One Group Mendez Burk
Investment Insights
Based on property information with market context.
This fully remodeled duplex includes a primary residence and a detached accessory dwelling unit totaling approximately 1,600 SF. The main home provides approximately 1,300 SF with three bedrooms, two full bathrooms, an open living arrangement, refrigerated air, and a renovated kitchen finished with granite countertops. The detached ADU measures approximately 300 SF and includes one bedroom, one bathroom, living space, a kitchen, dining area, and refrigerated air.
The property occupies a 0.30-acre lot in East El Paso at 194 Ben Swain Dr. The oversized parcel provides ample parking and separates the two residential units, supporting owner occupancy, multigenerational living, or rental use.
The property occupies a 0.30-acre lot in East El Paso at 194 Ben Swain Dr. The oversized parcel provides ample parking and separates the two residential units, supporting owner occupancy, multigenerational living, or rental use.
Key Highlights
- Two separate remodeled residential units, including a detached ADU
- Main residence: approximately 1, 300 SF with 3 bedrooms and 2 full bathrooms
- Detached ADU: approximately 300 SF with 1 bedroom and 1 bathroom
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
$14,466
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
5.79%
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%
$289,320
$289.3K
Cap Rate 7%
$206,657
$206.7K
Cap Rate 9%
$160,733
$160.7K
Market Conditions
NOI Build-Up for 1,600 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
$21.7K $13.56/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$20.7K $12.92/SF
− OpEx
−$6.2K −$3.87/SF
NOI
$14.5K $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 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%
$289,320
Cap Rate 7%
$206,657
Cap Rate 9%
$160,733
Alternative Uses
Best Use
Multifamily LT 5
$206.7K
$180.8K – $241.1K
NOI $14,466 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$190.6K
$166.8K – $222.4K
NOI $13,343 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$401.4K
$351.2K – $468.3K
NOI $28,098 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
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 - Two updated living units offer flexible occupancy and a separate accessory dwelling layout.
Where is this duplex located?
The property is located at 194 Ben Swain Dr El Paso, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two separate remodeled residential units, including a detached ADU; Main residence: approximately 1, 300 SF with 3 bedrooms and 2 full bathrooms; Detached ADU: approximately 300 SF with 1 bedroom and 1 bathroom
