Two-Unit Residential Income
6937 Alto Rey Avenue Unit 2 El Paso, TX 79912
6937 Alto Rey Avenue Unit 2, El Paso, TX, 79912
$395,000
For Sale
$395,000
Duplex with two separate units featuring one-car garages and gas fireplaces.
Property Size1,950 SF
Price / SF$202.56
Days on Market47
Property Features for 6937 Alto Rey Avenue Unit 2
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1973
Listing agency
Zaragoza Realty
(915) 256-2424
Listed by
Manuel Zaragoza · License #0387322
Source
Compass
Added: Jun 6 Updated: Jul 22 at 1:26AM Checked: Jul 22 at 11:23AM
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
Investment Insights
Based on property information with market context.
This residential income duplex includes two separate apartments. 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 1/2 bathrooms, also with a one-car garage and a gas fireplace.
The property is described as being in an area close to Mesa and I-10, with nearby grocery, restaurants, banks, and Coronado High School.
The offering presents a straightforward two-unit setup with garages and gas fireplaces in both units, supporting a simple, residential income configuration.
The property is described as being in an area close to Mesa and I-10, with nearby grocery, restaurants, banks, and Coronado High School.
The offering presents a straightforward two-unit setup with garages and gas fireplaces in both units, supporting a simple, residential income configuration.
Key Highlights
- Duplex with two separate units, each with a 1‑car garage and gas fireplace
- Unit A: 2‑bedroom, 1‑bath with 1‑car garage and gas fireplace
- Unit B: 3‑bedroom, 1.5‑bath with 1‑car garage and gas fireplace
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
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two separate units featuring one-car garages and gas fireplaces.
Where is this duplex located?
The property is located at 6937 Alto Rey Avenue Unit 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: Duplex with two separate units, each with a 1‑car garage and gas fireplace; Unit A: 2‑bedroom, 1‑bath with 1‑car garage and gas fireplace; Unit B: 3‑bedroom, 1.5‑bath with 1‑car garage and gas fireplace
