Duplex with Attached
For Sale
$283,000
4021 Olympic Avenue, El Paso, TX 79904
Two residential units offer matching layouts with private garages and washer and dryer hookups.
Property Size2,204 SF
Price / SF$128.40
Days on Market199
Property Features for 4021 Olympic Avenue
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Multi-Family / Duplex
Zoning
A2
Taxes and HOA fees
Annual Taxes
$8,311
Amenities
Yes
Carpet, Tile
Free-Standing Gas Oven, Dishwasher
.00
Flat
Building Details
Year Built
2006
Listing Agency:
ClearView Realty
Listed By:
Marsie Y Prieto · License #0563295
(915) 204-5384
Source:
Compass
Added: Feb 15
Changed: Aug 31
Last Checked: Aug 30 at 6:17AM
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 ClearView Realty
Investment Insights
Based on property information with market context.
Located at 4021 Olympic Avenue in El Paso, this duplex contains 2,204 square feet across two residential units. Each unit measures 1,102 square feet and includes 3 bedrooms, 2 full bathrooms, a single-car garage, and washer and dryer hookups. Interior finishes include carpet and tile, with a free-standing gas oven and dishwasher in each unit.
Built in 2006, the property is zoned A2. The two-unit configuration provides separate living spaces within one residential asset, with garage access and in-unit laundry connections serving each side.
Built in 2006, the property is zoned A2. The two-unit configuration provides separate living spaces within one residential asset, with garage access and in-unit laundry connections serving each side.
Key Highlights
- 2,204‑square‑foot duplex with two separate residential units
- Each unit offers 1,102 square feet, 3 bedrooms, and 2 full bathrooms
- Single‑car garage included with each unit
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
$19,927
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
7.04%
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%
$398,540
$398.5K
Cap Rate 7%
$284,671
$284.7K
Cap Rate 9%
$221,411
$221.4K
Market Conditions
NOI Build-Up for 2,204 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
$29.9K $13.56/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$28.5K $12.92/SF
− OpEx
−$8.5K −$3.87/SF
NOI
$19.9K $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 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%
$398,540
Cap Rate 7%
$284,671
Cap Rate 9%
$221,411
Alternative Uses
Best Use
Multifamily LT 5
$284.7K
$249.1K – $332.1K
NOI $19,927 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$262.6K
$229.7K – $306.3K
NOI $18,379 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,705 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
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
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 - Two residential units offer matching layouts with private garages and washer and dryer hookups.
Where is this duplex located?
The property is located at 4021 Olympic Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $283,000.
What are key features of this property?
This property features: 2,204‑square‑foot duplex with two separate residential units; Each unit offers 1,102 square feet, 3 bedrooms, and 2 full bathrooms; Single‑car garage included with each unit
