Duplex with Separate
For Sale
$245,000
3807 Olympic Ave, El Paso, TX 79904
Each residence has two bedrooms, one bathroom, dedicated parking, and separately metered utilities.
Property Size1,791 SF
Price / SF$136.80
Days on Market12
Property Features for 3807 Olympic Ave
General Information
Standard status
Active
Size
1,791 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,965
Amenities
new refrigerated air
separate backyards
Building Details
Tenancy
Single
Listing Agency:
Panda Pal Property Management
Listed By:
Andrew Davis · License #0695301
(915) 519-4775
Source:
Exprealty
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 15 at 5:09AM
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 Panda Pal Property Management
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Investment Insights
Based on property information with market context.
This 1,791-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. Both units have separate parking and individual backyards, while utilities are separately metered. The property also has new refrigerated air. One apartment is available for occupancy; the other is currently tenant occupied.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,791 square feet
- New refrigerated air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,193
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,860
$323.9K
Cap Rate 7%
$231,329
$231.3K
Cap Rate 9%
$179,922
$179.9K
Market Conditions
NOI Build-Up for 1,791 SF
Gross rent
$24.3K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$23.1K $12.92/SF
− OpEx
−$6.9K −$3.87/SF
NOI
$16.2K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,860
Cap Rate 7%
$231,329
Cap Rate 9%
$179,922
Alternative Uses
Best Use
Multifamily LT 5
$231.3K
$202.4K – $269.9K
NOI $16,193 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$213.4K
$186.7K – $248.9K
NOI $14,935 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$449.3K
$393.2K – $524.2K
NOI $31,452 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 79904, TX
31,491
Population
13,571
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
78%
High-School Grad
12.0 sq mi
ZIP Area
2,624
Density / Sq Mi
$40,892
Median Household Income
$28,775
Median Earnings
$1,017
Median Rent
$117,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, dedicated parking, and separately metered utilities.
Where is this duplex located?
The property is located at 3807 Olympic Ave El Paso, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,791 square feet; New refrigerated air
