Duplex with
For Sale
$497,686
332 Milton Road #C & D, El Paso, TX 79915
Two rental residences occupy a 2013-built property with R4 zoning and additional open yard area.
Property Size3,742 SF
Price / SF$133
Days on Market39
Property Features for 332 Milton Road #C & D
General Information
Standard status
Active
Size
3,742 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
R4
Site & Location
Neighborhood
Mission Valley
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,534
Building Details
Building Size
3,742 SF
Year Built
2013
Stories
1
Units
2
Listing Agency:
El Paso Real Estate Company
Listed By:
Al Jurado · License #0410918
(915) 630-8373
Source:
Elpasorealestateco
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 26 at 3:47AM
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 El Paso Real Estate Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 332 Milton Road, Lot 9 contains Units C and D, configured as a two-unit duplex. The 2013-built property has a reported building area of 3,742 square feet, based on approved building plans, and is zoned R4. A vacant yard area is also part of the parcel; any expansion would require applicable zoning and city approval.
An easement affects the property and should be reviewed during due diligence. The 3,742-square-foot figure is based on seller-provided information and should be verified by the buyer.
An easement affects the property and should be reviewed during due diligence. The 3,742-square-foot figure is based on seller-provided information and should be verified by the buyer.
Key Highlights
- Two rental units identified as Units C and D on Lot 9
- 3,742 square feet of building area, based on approved building plans
- Built in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,832
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,640
$676.6K
Cap Rate 7%
$483,314
$483.3K
Cap Rate 9%
$375,911
$375.9K
Market Conditions
NOI Build-Up for 3,742 SF
Gross rent
$50.7K $13.56/SF
− Vacancy
−$2.4K −$0.64/SF
EGI
$48.3K $12.92/SF
− OpEx
−$14.5K −$3.87/SF
NOI
$33.8K $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%
$676,640
Cap Rate 7%
$483,314
Cap Rate 9%
$375,911
Alternative Uses
Best Use
Multifamily LT 5
$483.3K
$422.9K – $563.9K
NOI $33,832 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$445.8K
$390.1K – $520.1K
NOI $31,205 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$938.8K
$821.4K – $1.10M
NOI $65,715 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental residences occupy a 2013-built property with R4 zoning and additional open yard area.
Where is this duplex located?
The property is located at 332 Milton Road #C & D El Paso, TX.
What is the asking price?
The asking price for this property is $497,686.
What are key features of this property?
This property features: Two rental units identified as Units C and D on Lot 9; 3,742 square feet of building area, based on approved building plans; Built in 2013
