Two-Story Duplex
For Sale
$165,000
4721 FRANKFORT Avenue, El Paso, TX 79903
Residential, El Paso, TX
Property Size1,328 SF
Lot Size0.12 Acres
Price / SF$124.25
Days on Market30
Property Features for 4721 FRANKFORT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3
Window features
Single Pane Window(s)
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Fireplace
1
Appliances
Fan Hood, Free-Standing Gas Oven
Subdivision
Mesa Heights
Lot features
Corner Lot, Cul-De-Sac, Subdivided
Elementary school
Hillside
Middle school
Ross
High school
Burges
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
M32999902400400
Size
1,328 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24 MESA HEIGHTS REPLAT NLY 43.5 FT OF 2 (5220 SQ FT)
Tax Annual Amount
3721
Legal Description
24 MESA HEIGHTS REPLAT NLY 43.5 FT OF 2 (5220 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Amenities
refrigerated air
private backyard
washer/dryer hookups
upstairs balcony
tile throughout
Building Details
Year built
1978
Floors in Building
2
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 16
Last Checked: Oct 2 at 4:06AM
MLS# 950572
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 left-side duplex residence offers 1,328 square feet across two levels, with three bedrooms and two-and-a-half bathrooms. Interior features include tile flooring, refrigerated air, ceiling fans, forced-air heating, central heating, natural gas service, and a fireplace. The home also includes a kitchen equipped with a fan hood and free-standing gas oven, plus washer and dryer connections on the lower level.
Outdoor features include a private backyard and an upstairs balcony with views toward the Franklin Mountains. The property includes a one-car garage and was built in 1978 with stucco construction and a flat roof. Public sewer serves the residence, and the property is zoned M3. The unit is available for individual purchase, with additional duplex properties offered separately by the seller.
Outdoor features include a private backyard and an upstairs balcony with views toward the Franklin Mountains. The property includes a one-car garage and was built in 1978 with stucco construction and a flat roof. Public sewer serves the residence, and the property is zoned M3. The unit is available for individual purchase, with additional duplex properties offered separately by the seller.
Key Highlights
- 1,328‑square‑foot two‑story duplex residence
- Three bedrooms and two‑and‑a‑half bathrooms
- Private backyard, upstairs balcony, and one‑car garage
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
$12,007
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
7.28%
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%
$240,140
$240.1K
Cap Rate 7%
$171,529
$171.5K
Cap Rate 9%
$133,411
$133.4K
Market Conditions
NOI Build-Up for 1,328 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
$18.0K $13.56/SF
− Vacancy
−$855 −$0.64/SF
EGI
$17.2K $12.92/SF
− OpEx
−$5.1K −$3.87/SF
NOI
$12.0K $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%
$240,140
Cap Rate 7%
$171,529
Cap Rate 9%
$133,411
Alternative Uses
Best Use
Multifamily LT 5
$171.5K
$150.1K – $200.1K
NOI $12,007 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
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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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 - Left-side duplex residence with tile flooring, refrigerated air, a private yard, and an attached one-car garage.
Where is this duplex located?
The property is located at 4721 FRANKFORT Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,328‑square‑foot two‑story duplex residence; Three bedrooms and two‑and‑a‑half bathrooms; Private backyard, upstairs balcony, and one‑car garage
