Two-Unit Duplex with Separate
For Sale
$225,000
3402-3400 Nashville Avenue, El Paso, TX 79930
Residential, El Paso, TX
Property Size1,475 SF
Lot Size0.14 Acres
Price / SF$152.54
Days on Market121
Property Features for 3402-3400 Nashville Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Window features
Blinds
Interior features
Cable TV
Appliances
Free-Standing Electric Oven
Subdivision
Altura Park
Lot features
Standard Lot
Elementary school
Crockett
Middle school
Armendariz
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
A52099905207700
Size
1,475 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
52 ALTURA PARK 47 & 48 (6000.00 SQ FT)
Tax Annual Amount
3679
Legal Description
52 ALTURA PARK 47 & 48 (6000.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1951
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Realty One Group Mendez Burk
(915) 231-1225
Listed By:
Bina Kimasi · License #786238
(915) 252-1495
Added: May 5
Changed: Aug 26
Last Checked: Sep 2 at 7:06AM
MLS# 943466
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 1,475-square-foot duplex includes two residential units within a single property, each with its own entrance. The layout includes four bedrooms and two bathrooms, with tile and laminate flooring throughout the interiors. Additional features include central heating, evaporative cooling, cable TV, a free-standing electric oven, stucco construction, and a flat roof.
Built in 1951, the property occupies a 0.14-acre lot at 3402-3400 Nashville Avenue in El Paso’s 79930 ZIP code. Public sewer serves the property, and R4 zoning supports its multifamily classification. The surrounding area includes both single-family and multifamily residences, with schools, shopping, established neighborhoods, and access to major streets identified nearby.
Built in 1951, the property occupies a 0.14-acre lot at 3402-3400 Nashville Avenue in El Paso’s 79930 ZIP code. Public sewer serves the property, and R4 zoning supports its multifamily classification. The surrounding area includes both single-family and multifamily residences, with schools, shopping, established neighborhoods, and access to major streets identified nearby.
Key Highlights
- Two‑unit duplex totaling 1,475 square feet
- Separate entrances for both residential units
- Four bedrooms and two bathrooms
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
$13,336
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
5.93%
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%
$266,720
$266.7K
Cap Rate 7%
$190,514
$190.5K
Cap Rate 9%
$148,178
$148.2K
Market Conditions
NOI Build-Up for 1,475 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
$20.0K $13.56/SF
− Vacancy
−$950 −$0.64/SF
EGI
$19.1K $12.92/SF
− OpEx
−$5.7K −$3.87/SF
NOI
$13.3K $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%
$266,720
Cap Rate 7%
$190,514
Cap Rate 9%
$148,178
Alternative Uses
Best Use
Multifamily LT 5
$190.5K
$166.7K – $222.3K
NOI $13,336 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$175.7K
$153.8K – $205.0K
NOI $12,300 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$370.0K
$323.8K – $431.7K
NOI $25,903 @ 7.0% cap · market cap 11.51%
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
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
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 - R4-zoned duplex with central heating, evaporative cooling, and a low-maintenance 0.14-acre lot.
Where is this duplex located?
The property is located at 3402-3400 Nashville Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,475 square feet; Separate entrances for both residential units; Four bedrooms and two bathrooms
