Two-Unit Duplex with Long-Term
New
For Sale
$239,000
2627 Gold Avenue, El Paso, TX 79930
Residential Income, El Paso, TX
Property Size1,556 SF
Lot Size0.14 Acres
Price / SF$153.60
Days on Market4
Property Features for 2627 Gold Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Parking features
Assigned
Appliances
Washer, Range Hood, Gas Water Heater, Dryer, Disposal
Subdivision
Highland Park
Elementary school
Crockett
Middle school
Captain Gabriel Navarrete Middle School
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
H45399906501700
Size
1,556 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
65 HIGLAND PARK 6&7 (6000 SQFT)
Tax Annual Amount
5617
Legal Description
65 HIGLAND PARK 6&7 (6000 SQFT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1989
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
The Right Move Real Estate Gro
(915) 253-1966
Listed By:
Denise Caballero · License #0575362
(915) 342-8716
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 8:06AM
MLS# 950150
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 fully occupied duplex at 2627 Gold Avenue contains 1,556 square feet on a 0.14-acre lot. Both units offer 2 bedrooms, 1 bathroom, a full kitchen, living room, and dining area. The property was built in 1989 and features stucco construction, tile flooring, central heating, evaporative cooling, and a shingle roof. Appliances include washers, dryers, range hoods, gas water heaters, and disposals.
Tenant occupancy includes one resident with more than 20 years at the property and another who has lived there for two years. Assigned parking and public sewer service are provided. The property is zoned R1 and located in El Paso, Texas, within ZIP code 79930.
Tenant occupancy includes one resident with more than 20 years at the property and another who has lived there for two years. Assigned parking and public sewer service are provided. The property is zoned R1 and located in El Paso, Texas, within ZIP code 79930.
Key Highlights
- Fully occupied duplex with 2 units
- Each unit includes 2 bedrooms, 1 bathroom, kitchen, living room, and dining area
- 1556 square feet on a 0.14‑acre lot
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
$14,068
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
5.89%
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%
$281,360
$281.4K
Cap Rate 7%
$200,971
$201.0K
Cap Rate 9%
$156,311
$156.3K
Market Conditions
NOI Build-Up for 1,556 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
$21.1K $13.56/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$20.1K $12.92/SF
− OpEx
−$6.0K −$3.87/SF
NOI
$14.1K $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%
$281,360
Cap Rate 7%
$200,971
Cap Rate 9%
$156,311
Alternative Uses
Best Use
Multifamily LT 5
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,976 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$390.4K
$341.6K – $455.4K
NOI $27,326 @ 7.0% cap · market cap 11.43%
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
824
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 - Fully occupied duplex with two-bedroom units, individual kitchens, assigned parking, and established tenant occupancy.
Where is this duplex located?
The property is located at 2627 Gold Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Fully occupied duplex with 2 units; Each unit includes 2 bedrooms, 1 bathroom, kitchen, living room, and dining area; 1556 square feet on a 0.14‑acre lot
