Updated Duplex With Separate
New
For Sale
$245,000
2610 Jefferson Ave, El Paso, TX 79930
Two occupied units combine a four-bedroom main residence with a private rear casita and separate entrance.
Property Size1,305 SF
Price / SF$187.74
Days on Market3
Property Features for 2610 Jefferson Ave
General Information
Standard status
Active
Size
1,305 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 4BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$34,200
Building Details
Year Built
1945
Tenancy
Multi
Listing Agency:
Home Pros Real Estate Group
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 7 at 7:28AM
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 Home Pros Real Estate Group
Investment Insights
Based on property information with market context.
This duplex property includes a 4-bedroom, 3-bathroom primary residence and a detached 1-bedroom, 1-bathroom casita positioned at the rear of the lot. The casita measures approximately 525 square feet and has its own entrance, creating physical separation between the two living spaces. The property size is 1,305 square feet, and both units are tenant-occupied.
Recent improvements include a combo HVAC unit installed one year ago, roof coating completed three years ago, and stucco work completed two years ago. Paid-off solar panels are also in place. The property was built in 1945 and is located near Fort Bliss, UTEP, and downtown El Paso.
Recent improvements include a combo HVAC unit installed one year ago, roof coating completed three years ago, and stucco work completed two years ago. Paid-off solar panels are also in place. The property was built in 1945 and is located near Fort Bliss, UTEP, and downtown El Paso.
Key Highlights
- Separate rear casita with its own entrance
- Main residence includes 4 bedrooms and 3 bathrooms
- Casita offers 1 bedroom, 1 bathroom, and approximately 525 sq ft
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
$11,799
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
4.82%
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%
$235,980
$236.0K
Cap Rate 7%
$168,557
$168.6K
Cap Rate 9%
$131,100
$131.1K
Market Conditions
NOI Build-Up for 1,305 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
$17.7K $13.56/SF
− Vacancy
−$841 −$0.64/SF
EGI
$16.9K $12.92/SF
− OpEx
−$5.1K −$3.87/SF
NOI
$11.8K $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%
$235,980
Cap Rate 7%
$168,557
Cap Rate 9%
$131,100
Alternative Uses
Best Use
Multifamily LT 5
$168.6K
$147.5K – $196.7K
NOI $11,799 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$155.5K
$136.0K – $181.4K
NOI $10,883 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$327.4K
$286.5K – $382.0K
NOI $22,918 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
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 occupied units combine a four-bedroom main residence with a private rear casita and separate entrance.
Where is this duplex located?
The property is located at 2610 Jefferson Ave El Paso, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Separate rear casita with its own entrance; Main residence includes 4 bedrooms and 3 bathrooms; Casita offers 1 bedroom, 1 bathroom, and approximately 525 sq ft
