Fully Occupied
For Sale
$239,000
2-2627 Gold Ave, El Paso, TX 79930
Two residential units offer separate living, dining, kitchen, and bedroom areas for established rental occupancy.
Property Size1,556 SF
Price / SF$153.60
Days on Market18
Property Features for 2-2627 Gold Ave
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,616
Listing Agency:
The Right Move Real Estate Gro
Listed By:
Denise Caballero · License #0575362
(915) 342-8716
Source:
Exprealty
Added: Aug 28
Changed: Sep 12
Last Checked: Sep 13 at 4:10PM
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 The Right Move Real Estate Gro
Investment Insights
Based on property information with market context.
This 1,556-square-foot duplex contains two residential units, each arranged with 2 bedrooms, 1 bathroom, a full kitchen, a living room, and a dining area. The property is fully occupied, with one tenancy extending more than 20 years and the other in place for 2 years.
Located at 2-2627 Gold Ave in El Paso, the property places both units within the city. Its established occupancy and separate two-bedroom layouts provide a straightforward residential income configuration.
Located at 2-2627 Gold Ave in El Paso, the property places both units within the city. Its established occupancy and separate two-bedroom layouts provide a straightforward residential income configuration.
Key Highlights
- 1,556 SF duplex with two residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Full kitchen, living room, and dining area in each unit
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
$14,068
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
5.89%
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%
$281,360
$281.4K
Cap Rate 7%
$200,971
$201.0K
Cap Rate 9%
$156,311
$156.3K
Market Conditions
NOI Build-Up for 1,556 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
$21.1K $13.56/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$20.1K $12.92/SF
− OpEx
−$6.0K −$3.87/SF
NOI
$14.1K $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%
$281,360
Cap Rate 7%
$200,971
Cap Rate 9%
$156,311
Alternative Uses
Best Use
Multifamily LT 5
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,976 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$390.4K
$341.6K – $455.4K
NOI $27,326 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
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 residential units offer separate living, dining, kitchen, and bedroom areas for established rental occupancy.
Where is this duplex located?
The property is located at 2-2627 Gold Ave El Paso, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,556 SF duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; Full kitchen, living room, and dining area in each unit
