Renovated
For Sale
$295,000
8509 Kingsway Road, Canutillo, TX 79835
Residential Income, Canutillo, TX
Property Size2,240 SF
Lot Size0.14 Acres
Price / SF$131.70
Days on Market52
Property Features for 8509 Kingsway Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Parking features
Paved or Surfaced, Assigned
Appliances
Water Heater, Washer, Refrigerator, Microwave, Free-Standing Gas Oven, Dryer
Subdivision
Westway
Elementary school
Davenport
Middle school
Alderete
High school
Canutillo
Elementary school district
Canutillo
Middle school district
Canutillo
High school district
Canutillo
Standard status
Active
APN
W18000200160011
Size
2,240 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Description
16 WESTWAY #2 LOT 11
Tax Annual Amount
6100
Legal Description
16 WESTWAY #2 LOT 11
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s)
Building Details
Year built
2015
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Fearless Realty
Listed By:
Mario Frescas
(915) 538-5738
Added: Sep 9
Changed: Oct 28
Last Checked: Oct 30 at 3:06PM
MLS# 950853
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,240 square feet on a 0.14-acre lot and was built in 2015. Renovations were completed in 2024, with stucco construction, tile flooring, a shingle roof, and central heating supported by forced-air service. Cooling is provided by ceiling fans. The property includes water heater, washer, dryer, refrigerator, microwave, and free-standing gas oven appliances.
Both units are currently occupied, and the tenants have indicated a willingness to renew their leases subject to agreement with a new owner. Assigned paved parking is available, and the property is served by public sewer. Located in Canutillo, the duplex is near I-10 and is zoned R3.
Both units are currently occupied, and the tenants have indicated a willingness to renew their leases subject to agreement with a new owner. Assigned paved parking is available, and the property is served by public sewer. Located in Canutillo, the duplex is near I-10 and is zoned R3.
Key Highlights
- 2,240‑square‑foot duplex on a 0.14‑acre lot
- Renovation work completed in 2024
- Built in 2015 with stucco construction and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,575
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,500
$371.5K
Cap Rate 7%
$265,357
$265.4K
Cap Rate 9%
$206,389
$206.4K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$28.2K $12.60/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$26.5K $11.85/SF
− OpEx
−$8.0K −$3.55/SF
NOI
$18.6K $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%
$371,500
Cap Rate 7%
$265,357
Cap Rate 9%
$206,389
Alternative Uses
Best Use
Multifamily LT 5
$265.4K
$232.2K – $309.6K
NOI $18,575 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,039 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$404.8K
$354.2K – $472.3K
NOI $28,337 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 79835, TX
12,456
Population
4,347
Households
2.9
Avg Household Size
34
Median Age
12%
College-Educated
70%
High-School Grad
8.9 sq mi
ZIP Area
1,400
Density / Sq Mi
$42,955
Median Household Income
$31,965
Median Earnings
$921
Median Rent
$103,200
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 - Tenant-occupied duplex with 2024 renovations, assigned paved parking, and R3 zoning.
Where is this duplex located?
The property is located at 8509 Kingsway Road Canutillo, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,240‑square‑foot duplex on a 0.14‑acre lot; Renovation work completed in 2024; Built in 2015 with stucco construction and shingle roof
