Studio Apartment
2225 Magoffin Avenue El Paso, TX 79901
For Sale
$160,000
Centrally located studio apartments with individual kitchen, living/dining combo, and two mini-splits per unit.
Property Size1,013 SF
Price / SF$157.95
Days on Market353
Property Features for 2225 Magoffin Avenue
General Information
- Standard status
- Active
- Size
- 1,013 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1930
Listing Agency:
Sandra Luna & Associates
(915) 494-5862
Listed By:
Sandra Luna · License #0373164
Source:
Compass
Added: Aug 6, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:54PM
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 Sandra Luna & Associates
Investment Insights
Based on property information with market context.
This property offers centrally located studio apartments designed for self-contained living. Each unit includes a kitchen, a living room, and a combined dining area, along with one bedroom in the studio layout. Heating and cooling are provided via two mini-split systems in each unit.
The property is positioned with access to nearby highways and is within walking distance to Chamizal National Side B.
Ideal for buyers seeking a straightforward residential income setup, the building is configured as a duplex with studio-style unit layouts and in-unit mechanical comfort through mini-splits.
The property is positioned with access to nearby highways and is within walking distance to Chamizal National Side B.
Ideal for buyers seeking a straightforward residential income setup, the building is configured as a duplex with studio-style unit layouts and in-unit mechanical comfort through mini-splits.
Key Highlights
- Studio apartments with kitchen and living/dining combo in each unit
- 2 mini‑splits per unit for heating and cooling
- Leasing out for $725.00
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.7k | $13.56 |
| − Vacancy | −$652 | −$0.64 |
| EGI | $13.1k | $12.92 |
| − OpEx | −$3.9k | −$3.87 |
| NOI | $9.2k | $9.04 |
1,013 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$130.8K
$114.5K – $152.7K
NOI $9,159 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$120.7K
$105.6K – $140.8K
NOI $8,448 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Centrally located studio apartments with individual kitchen, living/dining combo, and two mini-splits per unit.
Where is this duplex located?
The property is located at 2225 Magoffin Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Studio apartments with kitchen and living/dining combo in each unit; 2 mini‑splits per unit for heating and cooling; Leasing out for $725.00
