Two-Story
New
For Sale
$331,000
8612 Essex Dr, Canutillo, TX 79835
The first-floor residence has three bedrooms, two full baths, refrigerated air, and appliances included in the sale.
Property Size1,948 SF
Price / SF$169.92
Days on Market7
Property Features for 8612 Essex Dr
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$734
Listing Agency:
Realty One Group Mendez Burk
Listed By:
Christina Diaz · License #0765664
(915) 222-5411
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 3:54PM
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 Realty One Group Mendez Burk
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Investment Insights
Based on property information with market context.
This newly built duplex contains 1,948 square feet across two residences arranged on separate floors. The first-floor unit has three bedrooms, two full bathrooms, an open living and kitchen area, a dedicated laundry room, and refrigerated air. Its appliances are included with the property.
The second-floor residence also features an open-concept layout. Both units have contemporary cabinetry and finished flooring.
The second-floor residence also features an open-concept layout. Both units have contemporary cabinetry and finished flooring.
Key Highlights
- 1,948‑square‑foot duplex with residences on two floors
- First‑floor unit includes 3 bedrooms and 2 full bathrooms
- Open‑concept living and kitchen areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,154
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,080
$323.1K
Cap Rate 7%
$230,771
$230.8K
Cap Rate 9%
$179,489
$179.5K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$24.5K $12.60/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$23.1K $11.85/SF
− OpEx
−$6.9K −$3.55/SF
NOI
$16.2K $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%
$323,080
Cap Rate 7%
$230,771
Cap Rate 9%
$179,489
Alternative Uses
Best Use
Multifamily LT 5
$230.8K
$201.9K – $269.2K
NOI $16,154 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$211.7K
$185.2K – $247.0K
NOI $14,818 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$352.0K
$308.0K – $410.7K
NOI $24,643 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
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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 - The first-floor residence has three bedrooms, two full baths, refrigerated air, and appliances included in the sale.
Where is this duplex located?
The property is located at 8612 Essex Dr Canutillo, TX.
What is the asking price?
The asking price for this property is $331,000.
What are key features of this property?
This property features: 1,948‑square‑foot duplex with residences on two floors; First‑floor unit includes 3 bedrooms and 2 full bathrooms; Open‑concept living and kitchen areas in both units
