Remodeled Duplex with
For Sale
$250,000
194 BEN SWAIN Drive, El Paso, TX 79915
MULTI_FAMILY - El Paso, TX
Property Size1,600 SF
Lot Size0.30 Acres
Price / SF$156.25
Days on Market34
Property Features for 194 BEN SWAIN Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Appliances
Range Hood, Gas Water Heater
Subdivision
Millers Lakeside
Elementary school
River Dale Elementary
Middle school
Riverside
High school
Riverside
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
M45299901004700
Size
1,600 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
10 MILLERS LAKESIDE LOT 24
Tax Annual Amount
4500
Legal Description
10 MILLERS LAKESIDE LOT 24
Utilities
Sewer type
Public Sewer
Building Details
Year built
1952
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Realty One Group Mendez Burk
(915) 231-1225
Listed By:
Luis F. Contreras · License #0689257
(915) 269-0831
Added: Jul 13
Changed: Aug 14
Last Checked: Aug 15 at 2:06AM
MLS# 947542
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 remodeled duplex includes a primary residence of approximately 1,300 SF and a detached 300 SF ADU. The main unit has three bedrooms, two full bathrooms, an open living arrangement, refrigerated air, and an updated kitchen with granite countertops. The accessory unit provides one bedroom, one bathroom, living space, a kitchen, dining area, and refrigerated air. Both residences feature modernized interiors.
Set on a 0.30-acre lot in East El Paso, the property offers ample parking and is served by public sewer. The address is 194 Ben Swain Drive, El Paso, TX 79915. R4 zoning and the two-unit configuration support residential income use, while the 1952 construction date provides additional property context.
Set on a 0.30-acre lot in East El Paso, the property offers ample parking and is served by public sewer. The address is 194 Ben Swain Drive, El Paso, TX 79915. R4 zoning and the two-unit configuration support residential income use, while the 1952 construction date provides additional property context.
Key Highlights
- Two separate residences: a 1,300 SF main home and a 300 SF detached ADU
- Main residence includes 3 bedrooms, 2 full bathrooms, and an updated granite‑counter kitchen
- ADU provides 1 bedroom, 1 bathroom, living space, kitchen, and dining area
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
231
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 - Updated two-unit property with refrigerated air, modern finishes, and ample on-site parking.
Where is this duplex located?
The property is located at 194 BEN SWAIN Drive 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 residences: a 1,300 SF main home and a 300 SF detached ADU; Main residence includes 3 bedrooms, 2 full bathrooms, and an updated granite‑counter kitchen; ADU provides 1 bedroom, 1 bathroom, living space, kitchen, and dining area
