Stone-Style Duplex with Flex
For Sale
$249,900
Pending
4333 Pershing Drive, El Paso, TX 79903
Corner-lot duplex with two bedrooms per unit, wood-burning fireplaces, and a basement with laundry connections and potential third unit configuration.
Property Size2,399 SF
Days on Market248
Property Features for 4333 Pershing Drive
General Information
Standard status
Pending
Size
2,399 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Duplex
Zoning
R4
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,625
Amenities
wood-burning fireplace
hardwood floors
rounded ceilings and doorways
plantation shutters
basement access
laundry connections
separate utility meters
Yes
Carpet, Hardwood
Water Heater, Washer Hookup, Free-Standing Electric Oven
.00
Composition, Pitched, Shingle
Building Details
Year Built
1936
Construction
Stone Cottage-Style
Tenancy
Multi
Listing Agency:
The Real Estate Power Houses
Listed By:
Deborah Figueroa Singleton · License #0416527
(915) 261-8077
Source:
Compass
Added: Jan 3
Changed: Aug 7
Last Checked: Jul 24 at 1:02PM
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 The Real Estate Power Houses
Investment Insights
Based on property information with market context.
This charming stone-cottage-style duplex sits on a central corner lot and offers upside through a potential third unit setup. The property features two detached single-car garages and separate utility meters. Each unit includes a spacious living room with a wood-burning fireplace, two bedrooms, and one full bath. One unit provides access to the basement, which includes laundry connections and was previously configured as a third unit with two bathrooms and separate private access.
Additional interior details include hardwood floors, rounded ceilings and doorways that reinforce the home’s classic character, and plantation shutters in one unit.
With its duplex layout, detached garages, and basement option designed with separate access, the property provides flexible income or use potential for a residential buyer seeking more than a standard two-unit configuration.
Additional interior details include hardwood floors, rounded ceilings and doorways that reinforce the home’s classic character, and plantation shutters in one unit.
With its duplex layout, detached garages, and basement option designed with separate access, the property provides flexible income or use potential for a residential buyer seeking more than a standard two-unit configuration.
Key Highlights
- 1936 stone cottage‑style duplex on a central corner lot with potential to add a third unit
- Each unit features a spacious living room with a wood‑burning fireplace, two bedrooms, and one full bath
- Basement has laundry connections and previously was configured with a third unit layout including two bathrooms and separate private access
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
$21,690
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
8.68%
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%
$433,800
$433.8K
Cap Rate 7%
$309,857
$309.9K
Cap Rate 9%
$241,000
$241.0K
Market Conditions
NOI Build-Up for 2,399 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
$32.5K $13.56/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$31.0K $12.92/SF
− OpEx
−$9.3K −$3.87/SF
NOI
$21.7K $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%
$433,800
Cap Rate 7%
$309,857
Cap Rate 9%
$241,000
Alternative Uses
Best Use
Multifamily LT 5
$309.9K
$271.1K – $361.5K
NOI $21,690 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$285.8K
$250.1K – $333.4K
NOI $20,006 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$601.9K
$526.6K – $702.2K
NOI $42,130 @ 7.0% cap · market cap 16.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with two bedrooms per unit, wood-burning fireplaces, and a basement with laundry connections and potential third unit configuration.
Where is this duplex located?
The property is located at 4333 Pershing Drive El Paso, TX.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1936 stone cottage‑style duplex on a central corner lot with potential to add a third unit; Each unit features a spacious living room with a wood‑burning fireplace, two bedrooms, and one full bath; Basement has laundry connections and previously was configured with a third unit layout including two bathrooms and separate private access
