Brick Duplex with Central
For Sale
$339,000
2429 MONTANA Avenue, El Paso, TX 79903
MULTI_FAMILY - El Paso, TX
Property Size1,996 SF
Lot Size0.14 Acres
Price / SF$169.84
Days on Market54
Property Features for 2429 MONTANA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SD
Parking features
Covered, On Street
Appliances
Free-Standing Gas Oven
Subdivision
Bassett
Elementary school
Hillside
Middle school
Bassett
High school
Burges
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
B20299909007100
Size
1,996 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
90 BASSETT 29 & 30 (6000 SQ FT)
Tax Annual Amount
5224
Legal Description
90 BASSETT 29 & 30 (6000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Multi Units
Building Details
Year built
1910
Number of units
1
Building materials
Brick
Roof type
Flat, Composition
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Evan Ferris Karam · License #0609309
(915) 276-4827
Added: Jun 9
Changed: Jul 31
Last Checked: Aug 1 at 1:06AM
MLS# 945575
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.
2429 Montana Avenue is a two-unit brick duplex on a 0.14-acre lot in Central El Paso (79903). The property contains a front unit that is currently leased and a rear four-bedroom, one-bath unit that can be updated to support future value. With a gross property size of 1,996 square feet, the home is served by forced air heating and central cooling, and includes at least one free-standing gas oven.
The property is located within an Opportunity Zone and along the Montana corridor, offering convenient access in an area experiencing long-term redevelopment. Parking is available with covered spaces plus on-street parking. Public sewer is provided, and the roof is described as flat with a composition surface.
Built in 1910, this duplex is well suited for an investor seeking two rental streams or an owner who plans to live on-site and rent the other unit, subject to verification of zoning, occupancy requirements, and intended use with the City of El Paso.
The property is located within an Opportunity Zone and along the Montana corridor, offering convenient access in an area experiencing long-term redevelopment. Parking is available with covered spaces plus on-street parking. Public sewer is provided, and the roof is described as flat with a composition surface.
Built in 1910, this duplex is well suited for an investor seeking two rental streams or an owner who plans to live on-site and rent the other unit, subject to verification of zoning, occupancy requirements, and intended use with the City of El Paso.
Key Highlights
- Two‑unit duplex with front unit leased and a rear four‑bedroom, one‑bath unit
- 0.14‑acre lot with 1,996 square feet total building size
- Brick construction with forced air heat and central cooling
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 | $27.1k | $13.56 |
| − Vacancy | −$1.3k | −$0.64 |
| EGI | $25.8k | $12.92 |
| − OpEx | −$7.7k | −$3.87 |
| NOI | $18.0k | $9.04 |
1,996 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.8K
$225.6K – $300.8K
NOI $18,046 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$500.8K
$438.2K – $584.2K
NOI $35,053 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
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 brick duplex on a 0.14-acre lot with central forced-air heat, flat/composition roof, and covered plus on-street parking.
Where is this duplex located?
The property is located at 2429 MONTANA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two‑unit duplex with front unit leased and a rear four‑bedroom, one‑bath unit; 0.14‑acre lot with 1,996 square feet total building size; Brick construction with forced air heat and central cooling
