Duplex Residential Income
For Sale
$414,950
Pending
2411-2415 North Kansas Street, El Paso, TX 79902
Two-unit duplex offers a straightforward residential income setup near UTEP and downtown access.
Property Size1,732 SF
Days on Market95
Property Features for 2411-2415 North Kansas Street
General Information
Standard status
Pending
Size
1,732 SF
Property subtype
Multi-Family / Duplex
Zoning
R4
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,470
Amenities
Yes
Refrigerator, Cooktop
.00
Pitched, Shingle
Building Details
Year Built
1945
Tenancy
Multi
Listing Agency:
Catalyst Real Estate Group, El Paso, LLC
Listed By:
Aaron Gamboa · License #0770077
(915) 820-4746
Source:
Compass
Added: May 31
Changed: Aug 8
Last Checked: Jul 24 at 1:53PM
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 Catalyst Real Estate Group, El Paso, LLC
Investment Insights
Based on property information with market context.
This duplex property consists of two units located at 2411 and 2415 North Kansas Street. As a residential income asset, it’s configured as a duplex, providing two separate living spaces under one ownership structure.
The property is positioned near UTEP and is described as being just moments from downtown, offering convenience for tenants who want access to both campus-area needs and central city destinations.
For buyers seeking an income-oriented multifamily opportunity, this duplex format can be attractive because it provides two units within a single property to manage. Its location near UTEP and close to downtown may support tenant convenience considerations for those looking to be near major daily destinations. This listing is presented as a for-sale investment opportunity with the specific duplex address pairing of 2411 and 2415 North Kansas Street.
The property is positioned near UTEP and is described as being just moments from downtown, offering convenience for tenants who want access to both campus-area needs and central city destinations.
For buyers seeking an income-oriented multifamily opportunity, this duplex format can be attractive because it provides two units within a single property to manage. Its location near UTEP and close to downtown may support tenant convenience considerations for those looking to be near major daily destinations. This listing is presented as a for-sale investment opportunity with the specific duplex address pairing of 2411 and 2415 North Kansas Street.
Key Highlights
- Two‑unit duplex at 2411 and 2415 N. Kansas
- Built in 1945
- Both units include heating and cooling
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
$15,659
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
3.77%
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%
$313,180
$313.2K
Cap Rate 7%
$223,700
$223.7K
Cap Rate 9%
$173,989
$174.0K
Market Conditions
NOI Build-Up for 1,732 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
$23.5K $13.56/SF
− Vacancy
−$1.1K −$0.64/SF
EGI
$22.4K $12.92/SF
− OpEx
−$6.7K −$3.87/SF
NOI
$15.7K $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%
$313,180
Cap Rate 7%
$223,700
Cap Rate 9%
$173,989
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.7K – $261.0K
NOI $15,659 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$206.3K
$180.5K – $240.7K
NOI $14,443 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,416 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 79902, TX
20,071
Population
9,752
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
6.5 sq mi
ZIP Area
3,088
Density / Sq Mi
$45,333
Median Household Income
$33,495
Median Earnings
$777
Median Rent
$223,300
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 offers a straightforward residential income setup near UTEP and downtown access.
Where is this duplex located?
The property is located at 2411-2415 North Kansas Street El Paso, TX.
What is the asking price?
The asking price for this property is $414,950.
What are key features of this property?
This property features: Two‑unit duplex at 2411 and 2415 N. Kansas; Built in 1945; Both units include heating and cooling
