Centrally Located Studio
For Sale
$149,900
2225 MAGOFFIN Avenue, El Paso, TX 79901
MULTI_FAMILY - El Paso, TX
Property Size1,013 SF
Lot Size0.07 Acres
Price / SF$147.98
Days on Market331
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: Jul 28
Last Checked: Aug 1 at 10:06AM
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 for-sale duplex features studio apartment-style living with each unit containing one bedroom, a kitchen, and a living/dining combo. Heating and cooling are supported by two mini-splits in each unit. The property totals 1,013 square feet on a 0.07-acre lot.
Located at 2225 Magoffin Avenue in El Paso, the apartments are described as centrally located with near highway access and within walking distance to Chamizal National. The property is zoned A1.
Located at 2225 Magoffin Avenue in El Paso, the apartments are described as centrally located with near highway access and within walking distance to Chamizal National. The property is zoned A1.
Key Highlights
- Studio apartments with kitchen, living room, and dining combo in each unit
- 2 mini‑splits per unit for heating and cooling
- Central location near highways, within walking distance to Chamizal National
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 6.11%
Second Best
Apartment 5plus
$120.7K
$105.6K – $140.8K
NOI $8,448 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$254.1K
$222.4K – $296.5K
NOI $17,790 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,021
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
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 - Each unit includes a kitchen, living/dining combo, and two mini-splits for heating and cooling.
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 $149,900.
What are key features of this property?
This property features: Studio apartments with kitchen, living room, and dining combo in each unit; 2 mini‑splits per unit for heating and cooling; Central location near highways, within walking distance to Chamizal National
