Two-Unit Duplex with
For Sale
$208,770
2800 NASHVILLE Avenue, El Paso, TX 79930
Residential, El Paso, TX
Property Size1,027 SF
Lot Size0.08 Acres
Price / SF$203.28
Days on Market9
Property Features for 2800 NASHVILLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
2
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Laundry Room, Bedroom 2, Bedroom 1
Parking features
Driveway
Window features
Blinds
Interior features
Ceiling Fan(s), Country Kitchen
Exterior features
Walled Front, Walled Backyard, Courtyard
Appliances
Gas Cooktop, Gas Water Heater, Microwave, Range Hood
Subdivision
Highland Park
Lot features
Corner Lot
Elementary school
Crockett
Middle school
Armendariz
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
H45399912609100
Size
1,027 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
126 HIGHLAND PARK NELY PT OF ELM ST ADJ TO N 69 FT OF 32 & N 69 FT OF W 1/2 OF 31 (3553.5 SQ FT)
Tax Annual Amount
3860
Legal Description
126 HIGHLAND PARK NELY PT OF ELM ST ADJ TO N 69 FT OF 32 & N 69 FT OF W 1/2 OF 31 (3553.5 SQ FT)
Utilities
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Multi Units
Building Details
Year built
1930
Floors in Building
1
Flooring type
Tile
Building materials
Stucco, Brick Veneer
Roof type
Flat
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Clark Bros Real Estate · Century 21 Real Estate
(915) 592-0221
Listed By:
Marcos Isaac Bustamante
(915) 731-3034
Added: Aug 24
Changed: Aug 26
Last Checked: Sep 1 at 6:06PM
MLS# 949923
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 1,027-square-foot duplex, built in 1930, contains two distinct living arrangements. One unit is configured as a studio with a full kitchen and bathroom, while the other includes one bedroom, one bathroom, and its own living area. The property is zoned R5 and occupies a 0.08-acre lot.
Exterior features include a walled front, enclosed backyard, and courtyard. Interior finishes include tile flooring, stucco and brick veneer construction, and central natural-gas heating. Cooling is provided by multiple units and ceiling fans. The property also includes a driveway, laundry room, gas cooktop, gas water heater, microwave, and range hood.
Exterior features include a walled front, enclosed backyard, and courtyard. Interior finishes include tile flooring, stucco and brick veneer construction, and central natural-gas heating. Cooling is provided by multiple units and ceiling fans. The property also includes a driveway, laundry room, gas cooktop, gas water heater, microwave, and range hood.
Key Highlights
- Two separate living units: a studio and a one‑bedroom, one‑bath layout
- 1,027 square feet on a 0.08‑acre lot
- R5 zoning
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
$9,285
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
4.45%
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%
$185,700
$185.7K
Cap Rate 7%
$132,643
$132.6K
Cap Rate 9%
$103,167
$103.2K
Market Conditions
NOI Build-Up for 1,027 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
$13.9K $13.56/SF
− Vacancy
−$661 −$0.64/SF
EGI
$13.3K $12.92/SF
− OpEx
−$4.0K −$3.87/SF
NOI
$9.3K $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%
$185,700
Cap Rate 7%
$132,643
Cap Rate 9%
$103,167
Alternative Uses
Best Use
Multifamily LT 5
$132.6K
$116.1K – $154.8K
NOI $9,285 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$122.3K
$107.1K – $142.7K
NOI $8,564 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$257.7K
$225.5K – $300.6K
NOI $18,036 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Compact residential property with a studio and a separate one-bedroom living arrangement.
Where is this duplex located?
The property is located at 2800 NASHVILLE Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $208,770.
What are key features of this property?
This property features: Two separate living units: a studio and a one‑bedroom, one‑bath layout; 1,027 square feet on a 0.08‑acre lot; R5 zoning
