El Paso Income-Producing
2631 FEDERAL Avenue El Paso, TX 79930
For Sale
$384,350
MULTI_FAMILY - El Paso, TX
Property Size1,848 SF
Lot Size0.14 Acres
Price / SF$207.98
Days on Market175
Property Features for 2631 FEDERAL Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R1
- Parking
- 4
- Parking features
- Paved or Surfaced
- Appliances
- Water Heater, Washer Hookup, Microwave, Free-Standing Gas Oven, Dryer
- Standard status
- Active
- APN
- H45399907600100
- Size
- 1,848 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 76 HIGHLAND PARK 1 & 2 (6000 SQ FT)
- Tax Annual Amount
- 5109
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Multi Units
Building Details
- Year built
- 1949
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency:
ERA Sellers & Buyers Real Esta
(915) 585-2222
Listed By:
Samuel Gutierrez
(915) 888-0622
Added: Jan 30
Changed: Jul 18
Last Checked: Jul 24 at 7:06PM
MLS# 937385
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 turn-key, income-producing duplex is located in a highly desirable central El Paso location, adjacent to the historic Manhattan Heights district. The property at 2631 FEDERAL Avenue features two units currently operating as active Airbnb rentals with 5.0-star ratings. Each unit has a private entrance and a functional layout. The property is well-suited for investors seeking an established Airbnb operation or an owner-occupant looking to live in one unit while generating rental income from the other. The building has 1848 square feet of space and sits on a 0.14-acre lot. Ideally located near Downtown El Paso, UTEP, I-10, medical centers, and a variety of dining and entertainment options, the property benefits from strong rental demand and excellent accessibility. The property is zoned R1.
Key Highlights
- Duplex built in 1949 at 2631 Federal Ave (central El Paso), adjacent to the historic Manhattan Heights district
- Both units are currently operating as active Airbnb rentals with 5.0‑star ratings
- Each unit has a private entrance and a functional layout
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 | $25.1k | $13.56 |
| − Vacancy | −$1.2k | −$0.64 |
| EGI | $23.9k | $12.92 |
| − OpEx | −$7.2k | −$3.87 |
| NOI | $16.7k | $9.04 |
1,848 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.7K
$208.9K – $278.5K
NOI $16,708 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$220.2K
$192.6K – $256.9K
NOI $15,411 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$463.6K
$405.7K – $540.9K
NOI $32,453 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turn-key duplex in central El Paso with immediate income potential.
Where is this duplex located?
The property is located at 2631 FEDERAL Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $384,350.
What are key features of this property?
This property features: Duplex built in 1949 at 2631 Federal Ave (central El Paso), adjacent to the historic Manhattan Heights district; Both units are currently operating as active Airbnb rentals with 5.0‑star ratings; Each unit has a private entrance and a functional layout
