Duplex with Artificial Turf
New
For Sale
$265,000
348 Villa Canto St, El Paso, TX 79912
The two-unit residential property includes refrigerated air and recently installed carpeting.
Property Size1,400 SF
Price / SF$189.29
Days on Market1
Property Features for 348 Villa Canto St
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Upper Valley Neighborhood Association
Additional Details
Multifamily Units
2
Building Details
Year Built
1978
Buildings
1
Listing Agency:
RE/MAX Associates
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Oct 30
Last Checked: Oct 30 at 3:32PM
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 RE/MAX Associates
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Investment Insights
Based on property information with market context.
Built in 1978, this duplex offers approximately 1,400 square feet of living space. Refrigerated air and new carpeting are among its interior features, and the property is described as well maintained.
A private backyard has artificial turf, providing an outdoor area without a conventional lawn. The property combines this yard feature with a two-unit residential configuration.
A private backyard has artificial turf, providing an outdoor area without a conventional lawn. The property combines this yard feature with a two-unit residential configuration.
Key Highlights
- Duplex with approximately 1,400 square feet of living space
- Built in 1978
- Refrigerated air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,850
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,000
$237.0K
Cap Rate 7%
$169,286
$169.3K
Cap Rate 9%
$131,667
$131.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$22.7K $16.20/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$21.5K $15.39/SF
− OpEx
−$9.7K −$6.93/SF
NOI
$11.9K $8.46/SF
Area
ZIP 79912
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,000
Cap Rate 7%
$169,286
Cap Rate 9%
$131,667
Alternative Uses
Best Use
Apartment 5plus
$169.3K
$148.1K – $197.5K
NOI $11,850 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.2K
$259.2K – $345.6K
NOI $20,734 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
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Business Placement
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-unit residential property includes refrigerated air and recently installed carpeting.
Where is this residential income property located?
The property is located at 348 Villa Canto St El Paso, TX.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Duplex with approximately 1,400 square feet of living space; Built in 1978; Refrigerated air
