New-Construction
For Sale
$470,000
8704 Echo Street, El Paso, TX 79904
Residential, El Paso, TX
Property Size3,218 SF
Lot Size0.21 Acres
Price / SF$146.05
Days on Market177
Property Features for 8704 Echo Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R4
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 6, Bathroom 6, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Parking features
Open
Interior features
Ceiling Fan(s), Kitchen Island, Master Up, Pantry
Exterior features
Rain Gutters, Balcony
Appliances
Water Heater, Dishwasher, Disposal, Free-Standing Gas Oven, Microwave, Refrigerator
Subdivision
Sunrise Acres
Lot features
Standard Lot, Subdivided
Elementary school
Park
Middle school
Canyonh
High school
Capt J L Chapin High
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
S912999001H4800
Size
3,218 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNRISE ACRES #1 N 148 FT OF W 120 FT OF 200 (17760 SQ FT)
Tax Annual Amount
855
Legal Description
SUNRISE ACRES #1 N 148 FT OF W 120 FT OF 200 (17760 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2026
Floors in Building
2
Flooring type
Carpet, Tile
Building materials
Stucco
Roof type
Flat
Architectural style
Other
Listing Agency:
Cornerstone Realty
(915) 355-2335
Listed By:
Brandy Phillip
(915) 496-3602
Added: Mar 2
Changed: Aug 26
Last Checked: Aug 26 at 4:06PM
MLS# 939224
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.
Under construction for 2026, this R4-zoned duplex contains two income-producing residences within 3,218 square feet. Each unit includes three bedrooms, 2.5 bathrooms, an open-concept arrangement, a private primary suite with en-suite bath, secondary bedrooms, and a guest half bath. Kitchen features include an island, pantry, dishwasher, disposal, gas oven, microwave, and refrigerator. Central air, forced-air heating, ceiling fans, tile, carpet, stucco construction, rain gutters, balconies, and open parking are also included.
The property occupies 0.21 acres at 8704 Echo Street in El Paso. Public sewer serves the site, and the Northeast El Paso setting is near Sunrise Park, Fort Bliss, major employers, shopping, dining, and transportation routes. The units may also be purchased separately.
The property occupies 0.21 acres at 8704 Echo Street in El Paso. Public sewer serves the site, and the Northeast El Paso setting is near Sunrise Park, Fort Bliss, major employers, shopping, dining, and transportation routes. The units may also be purchased separately.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2.5 bathrooms in each residence
- 3,218 square feet on a 0.21‑acre lot
- R4 zoning with public sewer service
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
$29,094
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
6.19%
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%
$581,880
$581.9K
Cap Rate 7%
$415,629
$415.6K
Cap Rate 9%
$323,267
$323.3K
Market Conditions
NOI Build-Up for 3,218 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
$43.6K $13.56/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$41.6K $12.92/SF
− OpEx
−$12.5K −$3.87/SF
NOI
$29.1K $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%
$581,880
Cap Rate 7%
$415,629
Cap Rate 9%
$323,267
Alternative Uses
Best Use
Multifamily LT 5
$415.6K
$363.7K – $484.9K
NOI $29,094 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$383.4K
$335.4K – $447.3K
NOI $26,835 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$807.3K
$706.4K – $941.9K
NOI $56,513 @ 7.0% cap · market cap 12.02%
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
199
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
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 - Two residences provide three-bedroom layouts, private primary suites, modern finishes, and low-maintenance design.
Where is this duplex located?
The property is located at 8704 Echo Street El Paso, TX.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2.5 bathrooms in each residence; 3,218 square feet on a 0.21‑acre lot; R4 zoning with public sewer service
