Building Details

Year Built 1949

Buildings 2

Tenancy Multi

Listing Agency: Home Guide Real Estate LLC Show Phone

Listed By: ClearView Realty Show Phone

Source: Clearviewep

Added: Aug 11 Changed: Aug 29 Last Checked: Aug 29 at 5:50PM

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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 Home Guide Real Estate LLC

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.

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 = 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

$16,535

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

8.27%

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%

$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 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

$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 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%

$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 (±1% cap)

NOI $16,535 @ 7.0% cap · market cap 8.27%

Second Best

Apartment 5plus

$216.7K

$189.6K – $252.8K (±1% cap)

NOI $15,167 @ 7.0% cap · market cap 7.58%

Theoretical Best

Office A

$360.4K

$315.3K – $420.4K (±1% cap)

NOI $25,225 @ 7.0% cap · market cap 12.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Real Estate Agency Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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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