Two-Unit Residential Income
6937 Alto Rey Avenue El Paso, TX 79912
6937 Alto Rey Avenue, El Paso, TX, 79912
$395,000
For Sale
$395,000
MULTI_FAMILY - El Paso, TX
Property Size1,950 SF
Lot Size0.21 Acres
Price / SF$202.56
Days on Market26
Property Features for 6937 Alto Rey Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- A2
- Appliances
- Water Heater, Washer Hookup, Refrigerator, Range Hood, Gas Water Heater, Dishwasher
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central, Natural Gas
- Cooling system
- Evaporative Cooling, Ceiling Fan(s), Central Air
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
7572 Alameda, El Paso, TX
Listed by
Manuel Zaragoza
(915) 256-2424
Added: Jun 23 Checked: Jul 18 at 7:06 am
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 property is a two-unit duplex configured as Apartment A and Apartment B. Apartment A is a 2-bedroom, 1-bath unit with a one-car garage and a gas fireplace. Apartment B offers 3 bedrooms and 1.5 bathrooms, also with a one-car garage and a gas fireplace. The property is listed with a total size of 1,950 square feet and sits on a 0.21-acre lot.
The location is described as convenient to Mesa and I-10, with nearby grocery options, restaurants, banks, and Coronado High School.
For buyers seeking a residential income property, this duplex provides two separate unit configurations with attached parking for each unit and in-unit gas fireplaces. The straightforward two-unit setup can be appealing for tenants or owner-operators looking for a simple property structure in an established area.
The location is described as convenient to Mesa and I-10, with nearby grocery options, restaurants, banks, and Coronado High School.
For buyers seeking a residential income property, this duplex provides two separate unit configurations with attached parking for each unit and in-unit gas fireplaces. The straightforward two-unit setup can be appealing for tenants or owner-operators looking for a simple property structure in an established area.
Key Highlights
- Two‑unit property built in 1973: Apt A is a 2 bed / 1 bath with 1‑car garage and gas fireplace
- Apt B is a 3 bed / 1.5 bath with 1‑car garage and gas fireplace
- Natural gas central forced‑air heating, plus evaporative cooling and central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $13.80 |
| − Vacancy | −$1.3k | −$0.66 |
| EGI | $25.6k | $13.14 |
| − OpEx | −$7.7k | −$3.94 |
| NOI | $17.9k | $9.20 |
1,950 SF · lease $13.80/SF/yr · vacancy 4.75% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two well-sized units offer practical layouts with garages and gas fireplaces in a convenient El Paso area.
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 property built in 1973: Apt A is a 2 bed / 1 bath with 1‑car garage and gas fireplace; Apt B is a 3 bed / 1.5 bath with 1‑car garage and gas fireplace; Natural gas central forced‑air heating, plus evaporative cooling and central air
