Renovated Duplex with Two
For Sale
$299,950
Pending
7107 PARKLAND Drive, El Paso, TX 79925
Residential Income, El Paso, TX
Property Size2,148 SF
Lot Size0.15 Acres
Days on Market50
Property Features for 7107 PARKLAND Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Appliances
Range Hood, Microwave, Free-Standing Gas Oven, Dishwasher
Subdivision
Cielo Vista Park
Elementary school
Mcarthur
Middle school
Mcarthur
High school
Burges
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
C51899901307900
Size
2,148 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
13 CIELO VISTA PARK LOT 40 (6692.53 SQ FT)
Tax Annual Amount
5079
Legal Description
13 CIELO VISTA PARK LOT 40 (6692.53 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1954
Number of units
2
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Tarryn A Ortega
(915) 975-5310
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 7 at 5:06PM
MLS# 947907
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 renovated duplex at 7107 Parkland Drive in El Paso contains 2,148 square feet across two residential units. The larger residence provides 3 bedrooms, 2 bathrooms, and spacious living areas, while the second unit includes 1 bedroom and 1 bathroom. The smaller unit is currently leased, creating an established income component for the property.
Built in 1954 on a 0.15-acre lot, the property has R4 zoning, stucco construction, a shingle roof, central heating, and public sewer service. Appliances include a range hood, microwave, free-standing gas oven, and dishwasher. Its two-unit layout supports separate residential occupancy within a single multifamily asset.
Built in 1954 on a 0.15-acre lot, the property has R4 zoning, stucco construction, a shingle roof, central heating, and public sewer service. Appliances include a range hood, microwave, free-standing gas oven, and dishwasher. Its two-unit layout supports separate residential occupancy within a single multifamily asset.
Key Highlights
- Two‑unit duplex with 2,148 square feet of property size
- Larger unit includes 3 bedrooms, 2 bathrooms, and spacious living areas
- Second unit offers 1 bedroom and 1 bathroom
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
$19,420
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
6.47%
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%
$388,400
$388.4K
Cap Rate 7%
$277,429
$277.4K
Cap Rate 9%
$215,778
$215.8K
Market Conditions
NOI Build-Up for 2,148 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
$29.1K $13.56/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$27.7K $12.92/SF
− OpEx
−$8.3K −$3.87/SF
NOI
$19.4K $9.04/SF
Area
El Paso, TX
Vacancy
4.75%
Lease Rate
$13.56 /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%
$388,400
Cap Rate 7%
$277,429
Cap Rate 9%
$215,778
Alternative Uses
Best Use
Multifamily LT 5
$277.4K
$242.8K – $323.7K
NOI $19,420 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$255.9K
$223.9K – $298.5K
NOI $17,912 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$538.9K
$471.5K – $628.7K
NOI $37,722 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 79925, TX
38,422
Population
16,272
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
17.5 sq mi
ZIP Area
2,196
Density / Sq Mi
$57,735
Median Household Income
$34,167
Median Earnings
$1,039
Median Rent
$176,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated residential income property with one leased unit and central heating.
Where is this duplex located?
The property is located at 7107 PARKLAND Drive El Paso, TX.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: Two‑unit duplex with 2,148 square feet of property size; Larger unit includes 3 bedrooms, 2 bathrooms, and spacious living areas; Second unit offers 1 bedroom and 1 bathroom
