Two-Unit
For Sale
$360,000
324 Valley Fair Way, El Paso, TX 79907
The lower unit has been remodeled, while the upper unit offers a separate three-bedroom, two-bathroom layout.
Property Size3,528 SF
Price / SF$102.04
Days on Market11
Property Features for 324 Valley Fair Way
General Information
Standard status
Active
Size
3,528 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Save the Valley 21
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1972
Listing Agency:
Keller Williams Realty
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 30 at 2:09PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1972, this 3,528-square-foot duplex contains two units with a combined seven bedrooms and four bathrooms. The upper unit has three bedrooms and two bathrooms; the lower unit has four bedrooms and two bathrooms and has been remodeled. Exterior paint has been refreshed, and most windows have been replaced.
Key Highlights
- 3,528 SF duplex with two units
- Seven bedrooms and four bathrooms across the property
- Upper unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,897
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,940
$637.9K
Cap Rate 7%
$455,671
$455.7K
Cap Rate 9%
$354,411
$354.4K
Market Conditions
NOI Build-Up for 3,528 SF
Gross rent
$47.8K $13.56/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$45.6K $12.92/SF
− OpEx
−$13.7K −$3.87/SF
NOI
$31.9K $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%
$637,940
Cap Rate 7%
$455,671
Cap Rate 9%
$354,411
Alternative Uses
Best Use
Multifamily LT 5
$455.7K
$398.7K – $531.6K
NOI $31,897 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$885.1K
$774.5K – $1.03M
NOI $61,957 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
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Business Placement
Demographics for 79907, TX
50,971
Population
17,505
Households
2.9
Avg Household Size
39
Median Age
13%
College-Educated
71%
High-School Grad
13.7 sq mi
ZIP Area
3,721
Density / Sq Mi
$41,901
Median Household Income
$25,661
Median Earnings
$910
Median Rent
$110,600
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 - The lower unit has been remodeled, while the upper unit offers a separate three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 324 Valley Fair Way El Paso, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 3,528 SF duplex with two units; Seven bedrooms and four bathrooms across the property; Upper unit has 3 bedrooms and 2 bathrooms
