Two-Bedroom Duplex
For Sale
$117,900
Pending
4627 FRANKFORT Avenue, El Paso, TX 79903
Residential, El Paso, TX
Property Size1,041 SF
Lot Size0.10 Acres
Days on Market13
Property Features for 4627 FRANKFORT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Driveway
Window features
Single Pane Window(s)
Interior features
Ceiling Fan(s)
Exterior features
Walled Backyard
Appliances
Dishwasher, Free-Standing Gas Oven, Range Hood
Subdivision
Mesa Heights
Lot features
Standard Lot, Subdivided
Elementary school
Coldwell
Middle school
Ross
High school
Burges
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
M32999902401600
Size
1,041 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24 MESA HEIGHTS REPLAT WLY PT OF 8 & ELY 10 FT OF 9 (39.2 FT ON ST 127.5 FT ON W 33.8 FT ON N IRREG ON E)
Tax Annual Amount
3350
Legal Description
24 MESA HEIGHTS REPLAT WLY PT OF 8 & ELY 10 FT OF 9 (39.2 FT ON ST 127.5 FT ON W 33.8 FT ON N IRREG ON E)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Cooling system
Ceiling Fan(s)
Amenities
front courtyard
private backyard
covered patio
attached storage shed
Building Details
Year built
1978
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Keller Williams Realty
(915) 603-5293
Listed By:
Aracely Gaytan
(915) 204-5032
Added: Sep 3
Changed: Sep 13
Last Checked: Sep 15 at 3:06PM
MLS# 950575
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,041-square-foot duplex unit sits on a 0.1-acre lot and includes two bedrooms, one bathroom, tile flooring, and a layout that separates the living and dining areas. The kitchen connects to a front courtyard accessible from both the kitchen and living space. A private backyard includes a covered patio and attached storage shed, while the property also offers a one-car garage and driveway parking. Additional features include a dishwasher, free-standing gas oven, range hood, stucco construction, flat roof, and public sewer service.
Built in 1978, the property is located in El Paso near shopping, dining, and major roadways. It is currently tenant-occupied, with the tenant scheduled to move out at the end of the month. M3 zoning is reported for the property.
Built in 1978, the property is located in El Paso near shopping, dining, and major roadways. It is currently tenant-occupied, with the tenant scheduled to move out at the end of the month. M3 zoning is reported for the property.
Key Highlights
- 2‑bedroom, 1‑bath duplex unit with 1,041 square feet
- 0.1‑acre lot with private backyard and covered patio
- Front courtyard connects to both the kitchen and living area
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
Lease Details
1
Residential units
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Tile flooring, a private courtyard, covered patio, backyard, and attached storage support flexible residential use.
Where is this duplex located?
The property is located at 4627 FRANKFORT Avenue 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: 2‑bedroom, 1‑bath duplex unit with 1,041 square feet; 0.1‑acre lot with private backyard and covered patio; Front courtyard connects to both the kitchen and living area
