Two-Story Residential Income
For Sale
$165,000
4723 FRANKFORT Avenue, El Paso, TX 79903
Residential, El Paso, TX
Property Size1,328 SF
Lot Size0.12 Acres
Price / SF$124.25
Days on Market58
Property Features for 4723 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 2, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2
Window features
Single Pane Window(s)
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Fireplace
1
Appliances
Free-Standing Gas Oven, Refrigerator
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
M32999902400300
Size
1,328 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24 MESA HEIGHTS REPLAT SLY 36.5 FT OF 2 (5330 SQ FT)
Tax Annual Amount
3732
Legal Description
24 MESA HEIGHTS REPLAT SLY 36.5 FT OF 2 (5330 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Amenities
tile throughout
refrigerated air
private backyard
washer/dryer hookups
balcony
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 2
Changed: Oct 28
Last Checked: Oct 29 at 11:06AM
MLS# 950570
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.
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Investment Insights
Based on property information with market context.
This 1,328-square-foot, two-story duplex unit includes 3 bedrooms and 2.5 bathrooms, with the right-side residence available for individual purchase. Tile flooring extends throughout the home, while refrigerated air, forced-air heating, and natural gas service support year-round comfort. The interior also includes washer and dryer hookups downstairs, a one-car garage, a fireplace, and a balcony. The residence was built in 1978 and has stucco construction with a flat roof.
Outdoor features include a private backyard and an upstairs balcony with views toward the Franklin Mountains. Public sewer serves the property, and the home includes a free-standing gas oven, refrigerator, and ceiling fans. The unit is located in Central El Paso near shopping, dining, major roadways, and everyday services. Additional duplex units are available from the same seller for buyers considering multiple properties.
Outdoor features include a private backyard and an upstairs balcony with views toward the Franklin Mountains. Public sewer serves the property, and the home includes a free-standing gas oven, refrigerator, and ceiling fans. The unit is located in Central El Paso near shopping, dining, major roadways, and everyday services. Additional duplex units are available from the same seller for buyers considering multiple properties.
Key Highlights
- 1,328‑square‑foot two‑story duplex unit
- 3 bedrooms and 2.5 bathrooms
- Right‑side duplex residence available for individual purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,074
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,480
$221.5K
Cap Rate 7%
$158,200
$158.2K
Cap Rate 9%
$123,044
$123.0K
Market Conditions
NOI Build-Up for 1,328 SF
Gross rent
$21.2K $15.96/SF
− Vacancy
−$1.1K −$0.80/SF
EGI
$20.1K $15.16/SF
− OpEx
−$9.1K −$6.82/SF
NOI
$11.1K $8.34/SF
Area
El Paso, TX
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,480
Cap Rate 7%
$158,200
Cap Rate 9%
$123,044
Alternative Uses
Best Use
Apartment 5plus
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
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.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex unit with tile flooring, refrigerated air, and a private backyard.
Where is this residential income property located?
The property is located at 4723 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 unit; 3 bedrooms and 2.5 bathrooms; Right‑side duplex residence available for individual purchase
