Turnkey Duplex Investment
For Sale
$284,900
2105 Lake Omega Street Unit A & B, El Paso, TX 79936
Two-unit duplex with separate backyards, each offering two bedrooms and one full bath.
Property Size1,674 SF
Price / SF$170.19
Days on Market138
Property Features for 2105 Lake Omega Street Unit A & B
General Information
Standard status
Active
Size
1,674 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Duplex
Zoning
M3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,367
Amenities
washer and dryer hookups
private backyard
Yes
Ceramic Tile
See Remarks, Washer Hookup, Refrigerator, Free-Standing Gas Oven
.00
Composition, Shingle
Building Details
Year Built
1983
Listing Agency:
Thalia and Company Realty
(915) 328-7272
Listed By:
Thalia Badillo · License #0429545
Source:
Compass
Added: Apr 16
Changed: Aug 8
Last Checked: Jul 22 at 6:14PM
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 Thalia and Company Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex is offered as a turnkey income opportunity with two separate residential units. Each unit includes two bedrooms, one full bath, and an open-concept living room and breakfast area. The homes also feature high ceilings, washer and dryer hookups, and a private backyard for each unit.
Unit A includes refrigerated air conditioning. Unit B uses evaporative cooling and is already tenant-occupied under an existing lease.
The property has been updated throughout and is positioned for convenience to shopping, schools, restaurants, and the U.S. Post Office, with quick access to Ft. Bliss.
Unit A includes refrigerated air conditioning. Unit B uses evaporative cooling and is already tenant-occupied under an existing lease.
The property has been updated throughout and is positioned for convenience to shopping, schools, restaurants, and the U.S. Post Office, with quick access to Ft. Bliss.
Key Highlights
- Two‑unit duplex built in 1983, offering 2 bedrooms and 1 full bath in each unit
- Each unit features an open‑concept living room and breakfast area with high ceilings
- Private backyard for each unit, plus a kennel/dog run on the property
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
$20,171
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
7.08%
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%
$403,420
$403.4K
Cap Rate 7%
$288,157
$288.2K
Cap Rate 9%
$224,122
$224.1K
Market Conditions
NOI Build-Up for 1,674 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
$30.1K $18.00/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$28.8K $17.21/SF
− OpEx
−$8.6K −$5.16/SF
NOI
$20.2K $12.05/SF
Area
ZIP 79936
Vacancy
4.37%
Lease Rate
$18.00 /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%
$403,420
Cap Rate 7%
$288,157
Cap Rate 9%
$224,122
Alternative Uses
Best Use
Multifamily LT 5
$288.2K
$252.1K – $336.2K
NOI $20,171 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$256.0K
$224.0K – $298.6K
NOI $17,918 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$354.2K
$309.9K – $413.2K
NOI $24,792 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
664
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
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-unit duplex with separate backyards, each offering two bedrooms and one full bath.
Where is this duplex located?
The property is located at 2105 Lake Omega Street Unit A & B El Paso, TX.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1983, offering 2 bedrooms and 1 full bath in each unit; Each unit features an open‑concept living room and breakfast area with high ceilings; Private backyard for each unit, plus a kennel/dog run on the property
