Renovated Duplex with Tile
For Sale
$188,500
3429A Risner Place, El Paso, TX 79936
Residential, El Paso, TX
Property Size1,184 SF
Lot Size0.09 Acres
Price / SF$159.21
Days on Market55
Property Features for 3429A Risner Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Interior features
Cathedral Ceiling(s), Ceiling Fan(s), LR DR Combo, Walk-In Closet(s)
Exterior features
Back Yard Access
Appliances
Water Heater, Dishwasher, Free-Standing Gas Oven, Range Hood, Refrigerator
Subdivision
Pebble Hills
Lot features
Standard Lot
Elementary school
Pebblehls
Middle school
Hanks
High school
Hanks
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
P65499909203400
Size
1,184 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
92 PEBLE HILLS #10 REPLAT A SLY 36.75 OF 17 (3859 SQ FT)
Tax Annual Amount
4476
Legal Description
92 PEBLE HILLS #10 REPLAT A SLY 36.75 OF 17 (3859 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile
Building materials
Wood Siding, Brick Veneer
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
DKD Associates Inc.
(915) 772-9177
Listed By:
Fernando Zuluaga · License #0458179
(915) 727-3947
Added: Jul 10
Changed: Sep 1
Last Checked: Sep 2 at 2:06AM
MLS# 947415
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 in El Paso offers 1,184 square feet with three bedrooms and two bathrooms. The interior has tile flooring throughout, eliminating carpet, along with fresh interior and exterior paint, updated ceiling fans and light fixtures, and replaced windows. Bathroom improvements include a replaced hall bathtub, new vanities, and new mirrors. The kitchen has been redesigned with new countertops, and the home includes a combined living and dining area, cathedral ceilings, walk-in closets, and ceiling fans.
The property sits on a 0.09-acre lot at 3429A Risner Place in the 79936 postal area. Pebble Hills Elementary School is directly across the street. Additional features include back-yard access, public sewer, central heating, evaporative cooling, wood siding with brick veneer, and a composition shingle roof. The property is zoned M3 and was built in 1981.
The property sits on a 0.09-acre lot at 3429A Risner Place in the 79936 postal area. Pebble Hills Elementary School is directly across the street. Additional features include back-yard access, public sewer, central heating, evaporative cooling, wood siding with brick veneer, and a composition shingle roof. The property is zoned M3 and was built in 1981.
Key Highlights
- Duplex with 1,184 square feet, 3 bedrooms, and 2 bathrooms
- 0.09‑acre lot at 3429A Risner Place, El Paso, TX 79936
- Tile flooring throughout the home with no carpet
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
$14,266
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
7.57%
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%
$285,320
$285.3K
Cap Rate 7%
$203,800
$203.8K
Cap Rate 9%
$158,511
$158.5K
Market Conditions
NOI Build-Up for 1,184 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
$21.3K $18.00/SF
− Vacancy
−$931 −$0.79/SF
EGI
$20.4K $17.21/SF
− OpEx
−$6.1K −$5.16/SF
NOI
$14.3K $12.05/SF
Area
ZIP 79936
Vacancy
4.37%
Lease Rate
$18.00 /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%
$285,320
Cap Rate 7%
$203,800
Cap Rate 9%
$158,511
Alternative Uses
Best Use
Multifamily LT 5
$203.8K
$178.3K – $237.8K
NOI $14,266 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$181.0K
$158.4K – $211.2K
NOI $12,673 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 9.30%
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
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 79936, TX
105,150
Population
36,825
Households
2.9
Avg Household Size
37
Median Age
28%
College-Educated
86%
High-School Grad
25.9 sq mi
ZIP Area
4,060
Density / Sq Mi
$64,958
Median Household Income
$32,862
Median Earnings
$1,214
Median Rent
$169,500
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 - Updated duplex featuring tile flooring, redesigned kitchen finishes, and refreshed bathrooms.
Where is this duplex located?
The property is located at 3429A Risner Place El Paso, TX.
What is the asking price?
The asking price for this property is $188,500.
What are key features of this property?
This property features: Duplex with 1,184 square feet, 3 bedrooms, and 2 bathrooms; 0.09‑acre lot at 3429A Risner Place, El Paso, TX 79936; Tile flooring throughout the home with no carpet
