Two-Unit Residential
For Sale
$200,000
2905 Jefferson Avenue, El Paso, TX 79930
Both apartments are tenant-occupied, with utility service separately metered for each unit.
Property Size1,505 SF
Price / SF$132.89
Days on Market24
Property Features for 2905 Jefferson Avenue
General Information
Standard status
Active
Size
1,505 SF
Property subtype
Multi Family Home
Zoning
R4
Site & Location
Neighborhood
Central Neighborhood Association
Highway Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
2
Individually Metered Utilities
electric, gas, water
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,344
Building Details
Building Size
1,505 SF
Year Built
1981
Stories
1
Listing Agency:
Better Homes and Gardens Real Estate Elevate
(915) 225-2266
Listed By:
Jacqueline M Ramsey
(915) 494-0968
Source:
Elpasorealestateco
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 29 at 8:14PM
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 Better Homes and Gardens Real Estate Elevate
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Investment Insights
Based on property information with market context.
This 1,505-square-foot duplex, built in 1981, contains two apartments. Each has two bedrooms and one bathroom, and both are currently rented. The property is offered in as-is condition.
Electricity, gas, and water are separately metered, with tenants responsible for those utilities. The property is zoned R4 and offers access to Five Points and I-10.
Electricity, gas, and water are separately metered, with tenants responsible for those utilities. The property is zoned R4 and offers access to Five Points and I-10.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,505 square feet; built in 1981
- Both units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,607
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,140
$272.1K
Cap Rate 7%
$194,386
$194.4K
Cap Rate 9%
$151,189
$151.2K
Market Conditions
NOI Build-Up for 1,505 SF
Gross rent
$20.4K $13.56/SF
− Vacancy
−$969 −$0.64/SF
EGI
$19.4K $12.92/SF
− OpEx
−$5.8K −$3.87/SF
NOI
$13.6K $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%
$272,140
Cap Rate 7%
$194,386
Cap Rate 9%
$151,189
Alternative Uses
Best Use
Multifamily LT 5
$194.4K
$170.1K – $226.8K
NOI $13,607 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$179.3K
$156.9K – $209.2K
NOI $12,550 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$377.6K
$330.4K – $440.5K
NOI $26,430 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
375
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are tenant-occupied, with utility service separately metered for each unit.
Where is this duplex located?
The property is located at 2905 Jefferson Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,505 square feet; built in 1981; Both units currently rented
