Two-Bedroom Duplex
For Sale
$117,900
Pending
4627 Frankfort Ave, El Paso, TX 79903
Tenant-occupied residence with refrigerated air, a private courtyard, covered patio, garage, and attached storage.
Property Size1,041 SF
Days on Market11
Property Features for 4627 Frankfort Ave
General Information
Standard status
Pending
Size
1,041 SF
Property subtype
Multi-Family
Building Details
Year Built
1978
Listing Agency:
Sandy Messer And Associates
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Sep 5
Changed: Sep 14
Last Checked: Sep 15 at 7:18AM
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 Sandy Messer And Associates
Investment Insights
Based on property information with market context.
This 1,041-square-foot duplex unit offers two bedrooms and one bathroom within a 1978-built residence. Tile flooring extends throughout, while refrigerated air supports year-round comfort. The interior places the living and dining areas on opposite sides of the entry, with the dining area connecting to the kitchen. A front courtyard is accessible from both the kitchen and living area, adding a distinct outdoor feature.
The property also includes a private backyard with a covered patio, attached storage shed, and one-car garage. It is currently tenant-occupied, with the tenant scheduled to move out at the end of the month. The home is located at 4627 Frankfort Ave in Central El Paso, with access to shopping, dining, and major roadways.
The property also includes a private backyard with a covered patio, attached storage shed, and one-car garage. It is currently tenant-occupied, with the tenant scheduled to move out at the end of the month. The home is located at 4627 Frankfort Ave in Central El Paso, with access to shopping, dining, and major roadways.
Key Highlights
- Two‑bedroom, one‑bath duplex unit
- 1,041‑square‑foot residence built in 1978
- Tile flooring and refrigerated air throughout
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
$9,412
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
7.98%
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%
$188,240
$188.2K
Cap Rate 7%
$134,457
$134.5K
Cap Rate 9%
$104,578
$104.6K
Market Conditions
NOI Build-Up for 1,041 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
$14.1K $13.56/SF
− Vacancy
−$671 −$0.64/SF
EGI
$13.4K $12.92/SF
− OpEx
−$4.0K −$3.87/SF
NOI
$9.4K $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%
$188,240
Cap Rate 7%
$134,457
Cap Rate 9%
$104,578
Alternative Uses
Best Use
Multifamily LT 5
$134.5K
$117.7K – $156.9K
NOI $9,412 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$124.0K
$108.5K – $144.7K
NOI $8,681 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$261.2K
$228.5K – $304.7K
NOI $18,281 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied residence with refrigerated air, a private courtyard, covered patio, garage, and attached storage.
Where is this duplex located?
The property is located at 4627 Frankfort Ave El Paso, TX.
What is the asking price?
The asking price for this property is $117,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath duplex unit; 1,041‑square‑foot residence built in 1978; Tile flooring and refrigerated air throughout
