Building Details

Year Built 1961

Listing Agency: The Real Estate Power Houses

Listed By: Deborah Figueroa Singleton · License #0416527 Show Phone

Source: Compass

Added: Mar 30 Changed: Oct 10 Last Checked: Oct 16 at 11:31AM

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Investment Insights

Based on property information with market context.

This 1,855-square-foot duplex is a single-level brick property built in 1961, with two bedrooms and one full bathroom in each unit. Both residences include indoor laundry hookups, individual storage, private yard space, and designated covered parking. Tile and vinyl flooring run throughout, with no carpet, while the kitchens include gas cooktops, built-in gas ovens, and gas water heaters.

The property occupies a corner setting at 2901 Harrison Avenue in El Paso. It is positioned near Fort Bliss and US-54, with Clendenin Elementary School within walking distance. R4 zoning supports the property’s residential duplex configuration.

Key Highlights

• Two‑unit duplex totaling 1,855 square feet
• Each unit has 2 bedrooms and 1 full bathroom
• Single‑level brick construction completed in 1961

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,771

Cap Rate

7.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$335,420 $335.4K

Cap Rate 7%

$239,586 $239.6K

Cap Rate 9%

$186,344 $186.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,855 SF

Gross rent

$25.2K $13.56/SF

− Vacancy

−$1.2K −$0.64/SF

EGI

$24.0K $12.92/SF

− OpEx

−$7.2K −$3.87/SF

NOI

$16.8K $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 Rate 5%

$335,420

Cap Rate 7%

$239,586

Cap Rate 9%

$186,344

Alternative Uses

Best Use

Multifamily LT 5

$239.6K

$209.6K – $279.5K (±1% cap)

NOI $16,771 @ 7.0% cap · market cap 7.14%

Second Best

Apartment 5plus

$221.0K

$193.4K – $257.8K (±1% cap)

NOI $15,469 @ 7.0% cap · market cap 6.59%

Theoretical Best

Office A

$465.4K

$407.2K – $542.9K (±1% cap)

NOI $32,576 @ 7.0% cap · market cap 13.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Grocery & Convenience Store Computer & Electronic Repair Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

502

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units include private outdoor areas, covered parking, and individual storage.

Where is this duplex located?

The property is located at 2901 Harrison Avenue El Paso, TX.

What is the asking price?

The asking price for this property is $234,900.

What are key features of this property?

This property features: Two‑unit duplex totaling 1,855 square feet; Each unit has 2 bedrooms and 1 full bathroom; Single‑level brick construction completed in 1961