Duplex with Updated
For Sale
$295,000
8614 & 8616 Echo Street, El Paso, TX 79904
One residence is occupied, while the second is vacant and ready for move-in.
Property Size2,043 SF
Price / SF$144.40
Days on Market46
Property Features for 8614 & 8616 Echo Street
General Information
Standard status
Active
Size
2,043 SF
Property subtype
Multi Family Home
Zoning
R4
Site & Location
Neighborhood
Sunrise Neighborhood Association
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,541
Building Details
Building Size
2,043 SF
Year Built
1971
Buildings
1
Stories
1
Units
2
Listing Agency:
Dalton Wade, Inc.
(727) 888-4175
Listed By:
Claudia Margarita Sigala
(915) 307-0655
Source:
Elpasorealestateco
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 29 at 8:30PM
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.
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Investment Insights
Based on property information with market context.
This 2,043-square-foot duplex contains two units, each with two bedrooms and one bathroom. Bathrooms have been updated in both residences. One unit also includes a renovated kitchen and an enclosed patio outside the GLA, with a laundry room. The property was built in 1971 and has a new roof and new windows.
The site is zoned R4 and offers access to US-54. One unit is tenant-occupied; the other is vacant and move-in ready.
The site is zoned R4 and offers access to US-54. One unit is tenant-occupied; the other is vacant and move-in ready.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,043 square feet; built in 1971
- Updated bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,471
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is vacant and ready for move-in.
Where is this duplex located?
The property is located at 8614 & 8616 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: Two units, each with 2 bedrooms and 1 bathroom; 2,043 square feet; built in 1971; Updated bathrooms in both units
