Fully Remodeled Duplex with
For Sale
$468,500
Pending
293 Atlantic Road Unit A & B, El Paso, TX 79922
Turnkey duplex featuring refreshed interiors, renovated bathrooms, and a single-car garage for each unit.
Property Size3,389 SF
Days on Market279
Property Features for 293 Atlantic Road Unit A & B
General Information
Standard status
Pending
Size
3,389 SF
Property subtype
Multi-Family / Duplex
Zoning
R1
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,907
Amenities
Yes
Carpet, Tile
Washer Hookup, Gas Water Heater, Free-Standing Gas Oven, Dryer, Dishwasher
.00
Shingle
Building Details
Year Built
1986
Listing Agency:
ERA Sellers & Buyers Real Esta
(915) 887-1807
Listed By:
Missy Pena · License #0626715
Source:
Compass
Added: Nov 20, 2025
Changed: Aug 8
Last Checked: Jul 21 at 3:40PM
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 ERA Sellers & Buyers Real Esta
Investment Insights
Based on property information with market context.
This fully remodeled duplex offers two move-in-ready residences with freshly painted interiors, new flooring, and renovated bathrooms featuring contemporary fixtures. Unit 1 is configured as a 2-bedroom, 2-bathroom home, and Unit 2 offers a 3-bedroom, 2-bathroom layout. Each unit includes a single-car garage, and the property also provides ample parking in an oversized driveway.
Located on a quiet, private cul-de-sac, the duplex is positioned for convenient access to shopping, dining, and I-10, with West Side schools nearby.
The layout supports separate living spaces within the duplex, while the parking and garage setup helps accommodate everyday use for residents.
Located on a quiet, private cul-de-sac, the duplex is positioned for convenient access to shopping, dining, and I-10, with West Side schools nearby.
The layout supports separate living spaces within the duplex, while the parking and garage setup helps accommodate everyday use for residents.
Key Highlights
- Duplex built in 1986 with shingle roof
- Unit 1 features 2 bedrooms and 2 bathrooms with freshly painted interior
- Unit 2 offers 3 bedrooms and 2 bathrooms with freshly painted interior
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
$30,640
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
6.54%
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%
$612,800
$612.8K
Cap Rate 7%
$437,714
$437.7K
Cap Rate 9%
$340,444
$340.4K
Market Conditions
NOI Build-Up for 3,389 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
$46.0K $13.56/SF
− Vacancy
−$2.2K −$0.64/SF
EGI
$43.8K $12.92/SF
− OpEx
−$13.1K −$3.87/SF
NOI
$30.6K $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 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%
$612,800
Cap Rate 7%
$437,714
Cap Rate 9%
$340,444
Alternative Uses
Best Use
Multifamily LT 5
$437.7K
$383.0K – $510.7K
NOI $30,640 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$403.7K
$353.3K – $471.0K
NOI $28,261 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$850.2K
$744.0K – $991.9K
NOI $59,516 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 79922, TX
8,133
Population
3,125
Households
2.6
Avg Household Size
44
Median Age
54%
College-Educated
92%
High-School Grad
8.1 sq mi
ZIP Area
1,004
Density / Sq Mi
$89,364
Median Household Income
$54,297
Median Earnings
$1,193
Median Rent
$297,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex featuring refreshed interiors, renovated bathrooms, and a single-car garage for each unit.
Where is this duplex located?
The property is located at 293 Atlantic Road Unit A & B El Paso, TX.
What is the asking price?
The asking price for this property is $468,500.
What are key features of this property?
This property features: Duplex built in 1986 with shingle roof; Unit 1 features 2 bedrooms and 2 bathrooms with freshly painted interior; Unit 2 offers 3 bedrooms and 2 bathrooms with freshly painted interior
