Two-Home Duplex
For Sale
$200,000
708 E Washington St, Anthony, TX 79821
Two residences occupy one lot, with both homes currently rented.
Property Size1,994 SF
Price / SF$100.30
Days on Market68
Property Features for 708 E Washington St
General Information
Standard status
Active
Size
1,994 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Average Monthly Rent
$1,000
Multifamily Units
2
Building Details
Year Built
1949
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Aug 11
Changed: Oct 16
Last Checked: Oct 16 at 8:38AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex property consists of two separate homes situated on a single lot. Both residences are currently rented, providing an existing occupied configuration. Tenants pay their own electric and gas service.
Built in 1949, the property contains 1,994 of reported property size and is located at 708 E Washington St in Anthony, Texas.
Built in 1949, the property contains 1,994 of reported property size and is located at 708 E Washington St in Anthony, Texas.
Key Highlights
- Two homes positioned on one lot
- Both residences currently rented
- Tenants pay their own electric and gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,535
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,700
$330.7K
Cap Rate 7%
$236,214
$236.2K
Cap Rate 9%
$183,722
$183.7K
Market Conditions
NOI Build-Up for 1,994 SF
Gross rent
$25.1K $12.60/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.6K $11.85/SF
− OpEx
−$7.1K −$3.55/SF
NOI
$16.5K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,700
Cap Rate 7%
$236,214
Cap Rate 9%
$183,722
Alternative Uses
Best Use
Multifamily LT 5
$236.2K
$206.7K – $275.6K
NOI $16,535 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$216.7K
$189.6K – $252.8K
NOI $15,167 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$360.4K
$315.3K – $420.4K
NOI $25,225 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 79821, TX
6,416
Population
1,997
Households
3.2
Avg Household Size
36
Median Age
12%
College-Educated
75%
High-School Grad
11.2 sq mi
ZIP Area
573
Density / Sq Mi
$58,171
Median Household Income
$31,878
Median Earnings
$973
Median Rent
$135,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences occupy one lot, with both homes currently rented.
Where is this duplex located?
The property is located at 708 E Washington St Anthony, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two homes positioned on one lot; Both residences currently rented; Tenants pay their own electric and gas
