Income Duplex For
3415 Rivera Avenue El Paso, TX 79905
For Sale
$225,000
Duplex offered for sale as an income-producing residential property with room to improve rental performance.
Property Size2,127 SF
Price / SF$105.78
Days on Market124
Property Features for 3415 Rivera Avenue
General Information
- Standard status
- Active
- Size
- 2,127 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1948
Listing Agency:
Keller Williams Realty
(915) 328-3232
Listed By:
Victor M Franco · License #0338487
Source:
Compass
Added: Mar 23
Changed: Jul 23
Last Checked: Jul 23 at 2:32AM
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
Investment Insights
Based on property information with market context.
This duplex is offered for sale as an income-producing residential property. The seller describes it as having room to improve income, making it a candidate for an owner-operator or investor looking to enhance performance over time.
The property is located at 3415 Rivera Avenue in El Paso, TX 79905. Public remarks note proximity to schools and the Bridge of the Americas.
The listing is categorized as a duplex within multifamily and residential income property types, and it is presented as having consistent occupancy in the seller’s description.
The property is located at 3415 Rivera Avenue in El Paso, TX 79905. Public remarks note proximity to schools and the Bridge of the Americas.
The listing is categorized as a duplex within multifamily and residential income property types, and it is presented as having consistent occupancy in the seller’s description.
Key Highlights
- Duplex offered for sale as an income‑producing residential property with room to improve rental performance
- Never vacant according to the provided remarks
- Second residence on the property (per listing details)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $13.56 |
| − Vacancy | −$1.4k | −$0.64 |
| EGI | $27.5k | $12.92 |
| − OpEx | −$8.2k | −$3.87 |
| NOI | $19.2k | $9.04 |
2,127 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,737 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$533.6K
$466.9K – $622.6K
NOI $37,353 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offered for sale as an income-producing residential property with room to improve rental performance.
Where is this duplex located?
The property is located at 3415 Rivera 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: Duplex offered for sale as an income‑producing residential property with room to improve rental performance; Never vacant according to the provided remarks; Second residence on the property (per listing details)
