Duplex with Private Outdoor
For Sale
$275,000
2906 East Glen Drive, El Paso, TX 79936
Two units offer durable tile finishes, open kitchen-to-living layouts, and practical outdoor space.
Property Size2,128 SF
Price / SF$129.23
Days on Market249
Property Features for 2906 East Glen Drive
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Multi-Family / Duplex
Zoning
A1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,907
Amenities
Yes
Ceramic Tile, Terrazzo
Washer, Refrigerator, Range Hood, Dishwasher
.00
Flat, Rolled/Hot Mop
Building Details
Year Built
1979
Listing Agency:
Moreno Real Estate Group
Listed By:
Rick Moreno · License #0615354
(915) 504-9952
Source:
Compass
Added: Dec 27, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:03PM
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 Moreno Real Estate Group
Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex, built in 1979, includes two residential units with functional layouts suited to rental occupancy or owner use. Ceramic tile flooring extends throughout, while each kitchen provides substantial cabinet storage and connects openly with the dining and living areas. Both units include well-proportioned living rooms, bedrooms, practical bathrooms, and sliding glass doors opening to private outdoor areas. Washers, refrigerators, range hoods, and dishwashers are included among the interior features.
The property is located at 2906 East Glen Drive in El Paso, near schools, shopping, dining, and major roadways. A low-maintenance yard supports straightforward upkeep, and the property carries A1 zoning. The two-unit configuration also offers flexibility for multigenerational living or residential rental use.
The property is located at 2906 East Glen Drive in El Paso, near schools, shopping, dining, and major roadways. A low-maintenance yard supports straightforward upkeep, and the property carries A1 zoning. The two-unit configuration also offers flexibility for multigenerational living or residential rental use.
Key Highlights
- 2,128‑square‑foot duplex with two residential units
- Ceramic tile flooring throughout both units
- Open kitchen, dining, and living‑area layouts
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
$22,778
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
8.28%
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%
$455,560
$455.6K
Cap Rate 7%
$325,400
$325.4K
Cap Rate 9%
$253,089
$253.1K
Market Conditions
NOI Build-Up for 2,128 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
$43.4K $20.40/SF
− Vacancy
−$2.0K −$0.94/SF
EGI
$41.4K $19.46/SF
− OpEx
−$18.6K −$8.76/SF
NOI
$22.8K $10.70/SF
Area
ZIP 79936
Vacancy
4.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$455,560
Cap Rate 7%
$325,400
Cap Rate 9%
$253,089
Alternative Uses
Best Use
Multifamily LT 5
$366.3K
$320.5K – $427.4K
NOI $25,641 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$325.4K
$284.7K – $379.6K
NOI $22,778 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$450.2K
$393.9K – $525.3K
NOI $31,515 @ 7.0% cap · market cap 11.46%
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
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
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 units offer durable tile finishes, open kitchen-to-living layouts, and practical outdoor space.
Where is this duplex located?
The property is located at 2906 East Glen Drive El Paso, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,128‑square‑foot duplex with two residential units; Ceramic tile flooring throughout both units; Open kitchen, dining, and living‑area layouts
