Two-Unit Duplex with Brick
New
For Sale
$395,000
241 RIVERSIDE Drive, El Paso, TX 79915
Residential, El Paso, TX
Property Size1,849 SF
Lot Size0.21 Acres
Price / SF$213.63
Days on Market2
Property Features for 241 RIVERSIDE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Interior features
Ceiling Fan(s), Master Downstairs
Exterior features
Back Yard Access
Appliances
Water Heater
Subdivision
Ysleta
Lot features
Standard Lot
Elementary school
Thomasmnr
Middle school
Riverside
High school
Riverside
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
Y805999030D0209
Size
1,849 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
30 YSLETA TR 2-H (0.395 AC) & TR 2-H-1-A (0.005 AC) & TR 2-G-1 (0.005 AC)
Tax Annual Amount
6163
Legal Description
30 YSLETA TR 2-H (0.395 AC) & TR 2-H-1-A (0.005 AC) & TR 2-G-1 (0.005 AC)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1955
Floors in Building
1
Flooring type
Hardwood, Tile
Building materials
Brick Veneer
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Real Estate Agency
(915) 600-7666
Listed By:
Brian Vasquez
(915) 525-2407
Added: Oct 1
Last Checked: Oct 2 at 2:06AM
MLS# 952054
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 1,849 square feet across two units, each arranged with two bedrooms and one bathroom. Brick veneer, hardwood and tile flooring, central heating and air conditioning, and ceiling fans are among the interior and exterior features. The property was built in 1955 and sits on a 0.21-acre lot with a backyard and rear access.
One unit is tenant occupied; the second is vacant. The property is zoned R1 and served by public sewer.
One unit is tenant occupied; the second is vacant. The property is zoned R1 and served by public sewer.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,849 square feet on a 0.21‑acre lot
- One unit tenant occupied and one unit vacant
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
$16,717
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
4.23%
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%
$334,340
$334.3K
Cap Rate 7%
$238,814
$238.8K
Cap Rate 9%
$185,744
$185.7K
Market Conditions
NOI Build-Up for 1,849 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
$25.1K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$23.9K $12.92/SF
− OpEx
−$7.2K −$3.87/SF
NOI
$16.7K $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%
$334,340
Cap Rate 7%
$238,814
Cap Rate 9%
$185,744
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$209.0K – $278.6K
NOI $16,717 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$220.3K
$192.7K – $257.0K
NOI $15,419 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$463.9K
$405.9K – $541.2K
NOI $32,471 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences each provide a two-bedroom, one-bathroom layout, with one currently occupied and the other vacant.
Where is this duplex located?
The property is located at 241 RIVERSIDE Drive El Paso, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,849 square feet on a 0.21‑acre lot; One unit tenant occupied and one unit vacant
