Duplex with Attached
For Sale
$395,000
6937 Alto Rey Avenue, El Paso, TX 79912
Residential Income, El Paso, TX
Property Size1,950 SF
Lot Size0.21 Acres
Price / SF$202.56
Days on Market97
Property Features for 6937 Alto Rey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
A2
Appliances
Water Heater, Washer Hookup, Refrigerator, Range Hood, Gas Water Heater, Dishwasher
Subdivision
Coronado Terrace
Elementary school
Rivera
Middle school
Hornedo
High school
Coronado
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
175379
Size
1,950 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 CORONADO TERRACE REPLAT LOT 10 (9000.00 SQ FT)
Tax Annual Amount
6991
Legal Description
21 CORONADO TERRACE REPLAT LOT 10 (9000.00 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Cooling system
Central Air, Ceiling Fan(s), Evaporative Cooling
Amenities
gas fireplace
Building Details
Year built
1973
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Zaragoza Realty
(915) 771-6949
Listed By:
Manuel Zaragoza · License #0387322
(915) 256-2424
Added: Jun 23
Changed: Sep 13
Last Checked: Sep 27 at 1:06PM
MLS# 946372
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 duplex contains 1,950 square feet and was built in 1973 on a 0.21-acre lot. The two residences offer distinct layouts: one includes two bedrooms and one bathroom, while the other provides three bedrooms and one-and-a-half bathrooms. Each unit has a one-car garage and a gas fireplace.
Interior features include tile flooring, central natural-gas heating, central air, evaporative cooling, ceiling fans, and kitchens equipped with refrigerators, dishwashers, range hoods, and water heaters. Washer hookups are also provided. The property is served by public sewer, has a shingle roof and stucco exterior, and is zoned A2.
The duplex is located in El Paso near Mesa and I-10, with grocery stores, restaurants, banks, and Coronado High School in the surrounding area.
Interior features include tile flooring, central natural-gas heating, central air, evaporative cooling, ceiling fans, and kitchens equipped with refrigerators, dishwashers, range hoods, and water heaters. Washer hookups are also provided. The property is served by public sewer, has a shingle roof and stucco exterior, and is zoned A2.
The duplex is located in El Paso near Mesa and I-10, with grocery stores, restaurants, banks, and Coronado High School in the surrounding area.
Key Highlights
- Two‑unit duplex with 1,950 square feet on a 0.21‑acre lot
- Unit A: 2 bedrooms, 1 bathroom, 1‑car garage, and gas fireplace
- Unit B: 3 bedrooms, 1 1/2 bathrooms, 1‑car garage, and gas fireplace
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
$17,942
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
4.54%
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%
$358,840
$358.8K
Cap Rate 7%
$256,314
$256.3K
Cap Rate 9%
$199,356
$199.4K
Market Conditions
NOI Build-Up for 1,950 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
$26.9K $13.80/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$25.6K $13.14/SF
− OpEx
−$7.7K −$3.94/SF
NOI
$17.9K $9.20/SF
Area
ZIP 79912
Vacancy
4.75%
Lease Rate
$13.80 /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%
$358,840
Cap Rate 7%
$256,314
Cap Rate 9%
$199,356
Alternative Uses
Best Use
Multifamily LT 5
$256.3K
$224.3K – $299.0K
NOI $17,942 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$235.8K
$206.3K – $275.1K
NOI $16,506 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-unit residential property with separate floor plans, private garages, fireplaces, and central cooling.
Where is this duplex located?
The property is located at 6937 Alto Rey Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,950 square feet on a 0.21‑acre lot; Unit A: 2 bedrooms, 1 bathroom, 1‑car garage, and gas fireplace; Unit B: 3 bedrooms, 1 1/2 bathrooms, 1‑car garage, and gas fireplace
