Two-Story Duplex
New
For Sale
$180,000
4723 Frankfort Ave, El Paso, TX 79903
Right-side residence with tile flooring, refrigerated air, a private backyard, and a one-car garage.
Property Size1,328 SF
Price / SF$135.54
Days on Market4
Property Features for 4723 Frankfort Ave
General Information
Standard status
Active
Size
1,328 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Asking Price
$180,000
Amenities
private backyard
balcony
washer/dryer hookups
Building Details
Year Built
1978
Stories
2
Listing Agency:
Home Pros Real Estate Group
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Sep 5
Changed: Sep 7
Last Checked: Sep 7 at 7:11AM
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 Home Pros Real Estate Group
Investment Insights
Based on property information with market context.
This right-side duplex residence at 4723 Frankfort Ave offers 1,328 square feet across two stories, with three bedrooms and two and a half baths. Built in 1978, the home features tile flooring throughout, refrigerated air, a private backyard, and a one-car garage. Washer and dryer connections are located downstairs, while an upstairs balcony provides views of the Franklin Mountains.
The property is in Central El Paso with access to shopping, dining, major roadways, and everyday services. The unit is available for individual purchase, and the adjoining duplex unit may also be acquired separately or considered together as a package.
The property is in Central El Paso with access to shopping, dining, major roadways, and everyday services. The unit is available for individual purchase, and the adjoining duplex unit may also be acquired separately or considered together as a package.
Key Highlights
- 1,328‑square‑foot, two‑story right‑side duplex unit
- Three bedrooms and 2.5 baths
- Tile flooring throughout and refrigerated air
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
6.67%
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 6.67%
Second Best
Apartment 5plus
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Right-side residence with tile flooring, refrigerated air, a private backyard, and a one-car garage.
Where is this duplex located?
The property is located at 4723 Frankfort Ave El Paso, TX.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,328‑square‑foot, two‑story right‑side duplex unit; Three bedrooms and 2.5 baths; Tile flooring throughout and refrigerated air
