Duplex with Ceramic Tile
For Sale
$195,000
3415 RIVERA Avenue, El Paso, TX 79905
Residential Income, El Paso, TX
Property Size2,127 SF
Lot Size0.14 Acres
Price / SF$91.68
Days on Market193
Property Features for 3415 RIVERA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A3
Parking
3
Appliances
Refrigerator, Range Hood, Free-Standing Gas Oven
Subdivision
East El Paso
Elementary school
Douglass
Middle school
Dr. Josefina Villamil Tinajero
High school
Jefferson
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
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
Legal Description
6 EAST EL PASO 7 & 8 (6000 SQ FT)
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
Listed By:
Victor M Franco · License #0338487
(915) 328-3232
Added: Mar 24
Changed: Sep 3
Last Checked: Oct 2 at 3:06AM
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 contains 2,127 square feet on a 0.14-acre lot and was built in 1948. The property features stucco construction, ceramic tile flooring, central heating, and evaporative cooling. A shingle roof and public sewer service are also in place, along with a refrigerator, range hood, and free-standing gas oven.
The property is located in El Paso near schools and the Bridge of the Americas. It carries A3 zoning and is offered for sale as a two-unit residential asset.
The property is located in El Paso near schools and the Bridge of the Americas. It carries A3 zoning and is offered for sale as a two-unit residential asset.
Key Highlights
- Duplex totaling 2,127 square feet on a 0.14‑acre lot
- Built in 1948 with stucco construction and a shingle roof
- A3 zoning designation
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
$17,737
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
9.10%
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%
$354,740
$354.7K
Cap Rate 7%
$253,386
$253.4K
Cap Rate 9%
$197,078
$197.1K
Market Conditions
NOI Build-Up for 2,127 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
$33.9K $15.96/SF
− Vacancy
−$1.7K −$0.80/SF
EGI
$32.2K $15.16/SF
− OpEx
−$14.5K −$6.82/SF
NOI
$17.7K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
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%
$354,740
Cap Rate 7%
$253,386
Cap Rate 9%
$197,078
Alternative Uses
Best Use
Multifamily LT 5
$274.7K
$240.4K – $320.5K
NOI $19,230 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$253.4K
$221.7K – $295.6K
NOI $17,737 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$533.6K
$466.9K – $622.6K
NOI $37,353 @ 7.0% cap · market cap 19.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with central heating, evaporative cooling, and public sewer service in El Paso.
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 $195,000.
What are key features of this property?
This property features: Duplex totaling 2,127 square feet on a 0.14‑acre lot; Built in 1948 with stucco construction and a shingle roof; A3 zoning designation
