Duplex with Updated
For Sale
$295,000
8614 & 861 Echo Street, El Paso, TX 79904
Two-unit property with one occupied residence and a move-in-ready unit, plus an updated roof, windows, and bathrooms.
Property Size2,043 SF
Price / SF$144.40
Days on Market8
Property Features for 8614 & 861 Echo Street
General Information
Standard status
Active
Size
2,043 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,541
Listing Agency:
Dalton Wade, Inc.
Listed By:
Claudia Margarita Sigala
(915) 307-0655
Source:
Exprealty
Added: Sep 15
Changed: Sep 21
Last Checked: Sep 21 at 10:16AM
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 Dalton Wade, Inc.
Investment Insights
Based on property information with market context.
This 2,043-square-foot duplex contains two residences, each configured with 2 bedrooms and 1 bath. One unit is occupied, while the other is vacant and ready for occupancy. Both bathrooms have been updated, and one residence includes an updated kitchen along with an enclosed patio outside the GLA that contains a laundry room. A newer roof and windows are also in place.
The property is located at 8614 & 861 Echo Street in El Paso, with access to US-54. The site includes a backyard with views and a large lot, providing outdoor space in addition to the two-unit configuration.
The property is located at 8614 & 861 Echo Street in El Paso, with access to US-54. The site includes a backyard with views and a large lot, providing outdoor space in addition to the two-unit configuration.
Key Highlights
- 2,043 SF duplex with two 2‑bedroom, 1‑bath units
- One unit is tenant‑occupied; the second is vacant and move‑in ready
- Updated bathrooms in both units
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
$18,471
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
6.26%
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%
$369,420
$369.4K
Cap Rate 7%
$263,871
$263.9K
Cap Rate 9%
$205,233
$205.2K
Market Conditions
NOI Build-Up for 2,043 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
$27.7K $13.56/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$26.4K $12.92/SF
− OpEx
−$7.9K −$3.87/SF
NOI
$18.5K $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%
$369,420
Cap Rate 7%
$263,871
Cap Rate 9%
$205,233
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,471 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$512.5K
$448.5K – $598.0K
NOI $35,878 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 79904, TX
31,491
Population
13,571
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
78%
High-School Grad
12.0 sq mi
ZIP Area
2,624
Density / Sq Mi
$40,892
Median Household Income
$28,775
Median Earnings
$1,017
Median Rent
$117,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one occupied residence and a move-in-ready unit, plus an updated roof, windows, and bathrooms.
Where is this duplex located?
The property is located at 8614 & 861 Echo Street El Paso, 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: 2,043 SF duplex with two 2‑bedroom, 1‑bath units; One unit is tenant‑occupied; the second is vacant and move‑in ready; Updated bathrooms in both units
