Single-Level Brick
For Sale
$239,900
2901 Harrison Avenue, El Paso, TX 79930
Two residential units include private outdoor areas, covered parking, and individual storage.
Property Size1,855 SF
Price / SF$129.33
Days on Market157
Property Features for 2901 Harrison Avenue
General Information
Standard status
Active
Size
1,855 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Duplex
Zoning
R4
Taxes and HOA fees
Annual Taxes
$5,534
Amenities
Yes
Tile, Vinyl
Washer Hookup, Gas Water Heater, Gas Cooktop, Built-In Gas Oven
.00
Composition, Pitched, Shingle
Building Details
Year Built
1961
Listing Agency:
The Real Estate Power Houses
(915) 261-8077
Listed By:
Deborah Figueroa Singleton · License #0416527
Source:
Compass
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 31 at 10:10PM
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 The Real Estate Power Houses
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.
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 = 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
$16,771
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
6.99%
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%
$335,420
$335.4K
Cap Rate 7%
$239,586
$239.6K
Cap Rate 9%
$186,344
$186.3K
Market Conditions
NOI Build-Up for 1,855 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
$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 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%
$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
NOI $16,771 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$221.0K
$193.4K – $257.8K
NOI $15,469 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$465.4K
$407.2K – $542.9K
NOI $32,576 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - 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 $239,900.
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
