Duplex with Attached
For Sale
$395,000
6937 Alto Rey Avenue #2, El Paso, TX 79912
Two- and three-bedroom units each include a gas fireplace and a one-car garage.
Property Size1,950 SF
Price / SF$202.56
Days on Market129
Property Features for 6937 Alto Rey Avenue #2
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Multi Family Home
Zoning
A2
Site & Location
Neighborhood
Upper Valley Neighborhood Association
Highway Access
Yes
Units
Unit Mix
2BR/1BA, 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,991
Amenities
gas fireplace
Building Details
Building Size
1,950 SF
Year Built
1973
Stories
1
Units
2
Listing Agency:
Zaragoza Realty
(915) 771-6949
Listed By:
Manuel Zaragoza · License #0387322
(915) 256-2424
Source:
Elpasorealestateco
Added: Jun 24
Changed: Oct 25
Last Checked: Oct 29 at 8:22PM
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 Zaragoza Realty
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Investment Insights
Based on property information with market context.
This 1,950-square-foot duplex, built in 1973, contains two units. Apartment A has two bedrooms, one bathroom, a one-car garage and a gas fireplace. Apartment B offers three bedrooms, one and a half bathrooms, a one-car garage and a gas fireplace.
The property is near Mesa, I-10, grocery shopping, restaurants, banks and Coronado High School. It is zoned A2.
The property is near Mesa, I-10, grocery shopping, restaurants, banks and Coronado High School. It is zoned A2.
Key Highlights
- 1,950‑square‑foot duplex with two separate apartments
- Apartment A: 2 bedrooms, 1 bathroom, one‑car garage and gas fireplace
- Apartment B: 3 bedrooms, 1 1/2 bathrooms, one‑car garage and gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,942
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Frequently Asked Questions
What type of property is this?
Duplex - Two- and three-bedroom units each include a gas fireplace and a one-car garage.
Where is this duplex located?
The property is located at 6937 Alto Rey Avenue #2 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: 1,950‑square‑foot duplex with two separate apartments; Apartment A: 2 bedrooms, 1 bathroom, one‑car garage and gas fireplace; Apartment B: 3 bedrooms, 1 1/2 bathrooms, one‑car garage and gas fireplace
