Income Producing
3415 RIVERA Avenue El Paso, TX 79905
3415 RIVERA Avenue, El Paso, TX, 79905
$221,000
For Sale
$221,000
MULTI_FAMILY - El Paso, TX
Property Size2,127 SF
Lot Size0.14 Acres
Price / SF$103.90
Days on Market116
Property Features for 3415 RIVERA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A3
- Parking
- 3
- Appliances
- Refrigerator, Range Hood, Free-Standing Gas Oven
- Standard status
- Active
- APN
- E01499900601700
- Size
- 2,127 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 6 EAST EL PASO 7 & 8 (6000 SQ FT)
- Tax Annual Amount
- 5500
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1948
- Number of units
- 2
- Flooring type
- Tile - Ceramic
- Building materials
- Stucco
- Roof type
- Shingle
- Additional Structures
- Residence
Listing Agency
Keller Williams Realty
(915) 603-5293
12040 Tierra Este suite B206, El Paso, TX
Listed by
Victor M Franco
(915) 328-3232
Added: Mar 24 Checked: Jul 17 at 6:06 pm
MLS# 940888
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 duplex for sale is zoned A3 and offers a total of 2,127 square feet of residential income space on a 0.14-acre lot. The property is marketed as an income-producing duplex with room for improvement to enhance rental income.
The listing notes the home is in a high-demand area and close to schools and the Bridge of the Americas.
For buyers evaluating residential income properties, this presents a straightforward duplex configuration with a compact lot and established rental-income positioning as described in the offering.
The listing notes the home is in a high-demand area and close to schools and the Bridge of the Americas.
For buyers evaluating residential income properties, this presents a straightforward duplex configuration with a compact lot and established rental-income positioning as described in the offering.
Key Highlights
- Great income producing duplex.
- High demand area, never vacant.
- Room to improve income.
Local 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 8.70%
Second Best
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,737 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$533.6K
$466.9K – $622.6K
NOI $37,353 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex listed in El Paso zoned A3, marketed as producing rental income with opportunities to enhance returns.
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 $221,000.
What are key features of this property?
This property features: Great income producing duplex.; High demand area, never vacant.; Room to improve income.
