Two-Story Duplex
New
For Sale
$220,000
3243 Isla Morada Drive, El Paso, TX 79925
Residential, El Paso, TX
Property Size1,282 SF
Lot Size0.06 Acres
Price / SF$171.61
Days on Market3
Property Features for 3243 Isla Morada Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A4
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Ceiling Fan(s), Formal DR LR
Exterior features
Balcony, Back Yard Access
Fireplace
1
Appliances
Built-In Gas Oven
Subdivision
Playa De Oro
Lot features
Planned Community, Restricted
Elementary school
Edgemere
Middle school
Eastwoodm
High school
Eastwood
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
P86099900900500
Size
1,282 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
9 PLAYA DE ORO REPLAT A LOT 5
Tax Annual Amount
2694
HOA Fee
$55 Monthly
Legal Description
9 PLAYA DE ORO REPLAT A LOT 5
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1982
Floors in Building
2
Flooring type
Carpet
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
SV REALTY
(915) 731-7339
Listed By:
Sylvia Valenzuela · License #0443368
(915) 731-7339
Added: Aug 28
Last Checked: Aug 30 at 3:06PM
MLS# 950167
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex property was built in 1982 and measures 1,282 square feet on a 0.06-acre lot. The interior includes three bedrooms, three full bathrooms, formal living and dining areas, and an open connection between the main living spaces. The primary suite and another bedroom are upstairs, while a third bedroom is located on the ground floor. Additional features include a balcony, back-yard access, a built-in gas oven, central heating, carpet flooring, stucco construction, a shingle roof, and a fireplace.
The property is at 3243 Isla Morada Drive in El Paso, within the 79925 ZIP code. It is near Edgemere and Yarbrough and has access to public sewer service. The property is situated in an HOA community and carries A4 zoning.
The property is at 3243 Isla Morada Drive in El Paso, within the 79925 ZIP code. It is near Edgemere and Yarbrough and has access to public sewer service. The property is situated in an HOA community and carries A4 zoning.
Key Highlights
- 1,282‑square‑foot two‑story property on a 0.06‑acre lot
- Three bedrooms and three full bathrooms
- Primary suite and additional bedroom located upstairs
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
$11,591
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
5.27%
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%
$231,820
$231.8K
Cap Rate 7%
$165,586
$165.6K
Cap Rate 9%
$128,789
$128.8K
Market Conditions
NOI Build-Up for 1,282 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
$17.4K $13.56/SF
− Vacancy
−$826 −$0.64/SF
EGI
$16.6K $12.92/SF
− OpEx
−$5.0K −$3.87/SF
NOI
$11.6K $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%
$231,820
Cap Rate 7%
$165,586
Cap Rate 9%
$128,789
Alternative Uses
Best Use
Multifamily LT 5
$165.6K
$144.9K – $193.2K
NOI $11,591 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$152.7K
$133.6K – $178.2K
NOI $10,691 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$321.6K
$281.4K – $375.2K
NOI $22,514 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 79925, TX
38,422
Population
16,272
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
17.5 sq mi
ZIP Area
2,196
Density / Sq Mi
$57,735
Median Household Income
$34,167
Median Earnings
$1,039
Median Rent
$176,300
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 - Two-story property with an open living, dining, and kitchen arrangement plus a downstairs bedroom.
Where is this duplex located?
The property is located at 3243 Isla Morada Drive El Paso, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,282‑square‑foot two‑story property on a 0.06‑acre lot; Three bedrooms and three full bathrooms; Primary suite and additional bedroom located upstairs
