Duplex with Open Floor
For Sale
$145,000
2225 MAGOFFIN Avenue, El Paso, TX 79901
Residential Income, El Paso, TX
Property Size1,013 SF
Lot Size0.07 Acres
Price / SF$143.14
Days on Market376
Property Features for 2225 MAGOFFIN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A1
Parking features
On Street
Appliances
Refrigerator, Free-Standing Electric Oven
Subdivision
Bassett
Elementary school
Douglass
Middle school
Guillen
High school
Bowie
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
134444
Size
1,013 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
34 BASSETT LOT 29 (3000 SQ FT)
Tax Annual Amount
4124
Legal Description
34 BASSETT LOT 29 (3000 SQ FT)
Utilities
Sewer type
Public Sewer
Building Details
Year built
1930
Number of units
2
Building materials
Stucco
Roof type
Flat
Listing Agency:
Sandra Luna & Associates
(915) 592-5862
Listed By:
Sandra Luna · License #0373164
(915) 494-5862
Added: Sep 5, 2025
Changed: Sep 3
Last Checked: Sep 15 at 3:06PM
MLS# 929811
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 duplex contains 1013 square feet and features an open floor plan, stucco construction, and a flat roof. Improvements include exterior painting, roof resealing, and mini-split systems. The property also includes a refrigerator and free-standing electric oven, with public sewer service and on-street parking. Built in 1930, the residence is situated on a 0.07-acre lot and carries A1 zoning.
The property is located in El Paso near the Bridge of the Americas. Its two-unit configuration supports separate residential spaces within one building, while the updated physical features provide a refreshed presentation. The combination of open interior layout, split-system cooling, and existing appliances adds practical functionality for residential occupancy.
The property is located in El Paso near the Bridge of the Americas. Its two-unit configuration supports separate residential spaces within one building, while the updated physical features provide a refreshed presentation. The combination of open interior layout, split-system cooling, and existing appliances adds practical functionality for residential occupancy.
Key Highlights
- Duplex with 1013 square feet of building area
- 0.07‑acre lot with A1 zoning
- Open floor plan with mini‑split systems
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
$9,159
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
6.32%
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%
$183,180
$183.2K
Cap Rate 7%
$130,843
$130.8K
Cap Rate 9%
$101,767
$101.8K
Market Conditions
NOI Build-Up for 1,013 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
$13.7K $13.56/SF
− Vacancy
−$652 −$0.64/SF
EGI
$13.1K $12.92/SF
− OpEx
−$3.9K −$3.87/SF
NOI
$9.2K $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%
$183,180
Cap Rate 7%
$130,843
Cap Rate 9%
$101,767
Alternative Uses
Best Use
Multifamily LT 5
$130.8K
$114.5K – $152.7K
NOI $9,159 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$120.7K
$105.6K – $140.8K
NOI $8,448 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Explore this area
Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property featuring mini-split systems, refreshed exterior finishes, and convenient on-street parking.
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 $145,000.
What are key features of this property?
This property features: Duplex with 1013 square feet of building area; 0.07‑acre lot with A1 zoning; Open floor plan with mini‑split systems
