Two-Unit Duplex with
For Sale
$289,000
8809 Mercury Street Unit A&B, El Paso, TX 79904
R4-zoned duplex with separate electric and gas metering, refrigerated cooling, and distinct parking for each residence.
Property Size2,383 SF
Price / SF$121.28
Days on Market171
Property Features for 8809 Mercury Street Unit A&B
General Information
Standard status
Active
Size
2,383 SF
Property subtype
Multi-Family / Duplex
Zoning
R4
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,478
Amenities
stainless refrigerator
disposal
stainless cooktop with Fan Hood
washer/dryer
refrigerated air
Yes
Ceramic Tile
Water Heater, Washer Hookup, Refrigerator, Gas Cooktop, Free-Standing Gas Oven
.00
Composition, Flat, Shingle
Building Details
Year Built
1929
Buildings
1
Listing Agency:
eXp Realty LLC
Listed By:
Kenya K Alu · License #0713390
(817) 471-7807
Source:
Compass
Added: Mar 16
Changed: Sep 2
Last Checked: Aug 31 at 12:00AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 1929, this R4-zoned duplex contains 2,383 square feet and is arranged as two separate residences. Unit A offers three bedrooms, 1.5 baths, a carport, extensive kitchen cabinetry, stainless refrigerator, disposal, gas cooktop with fan hood, and washer/dryer connections. Unit B includes two bedrooms, two bathrooms, and a one-car garage, along with refrigerated air.
Both units have individually metered electric and gas service. Ceramic tile is among the interior finishes, and the property includes composition, flat, and shingle roofing elements. The address is 8809 Mercury Street, Unit A&B, El Paso, TX 79904.
Both units have individually metered electric and gas service. Ceramic tile is among the interior finishes, and the property includes composition, flat, and shingle roofing elements. The address is 8809 Mercury Street, Unit A&B, El Paso, TX 79904.
Key Highlights
- 2,383‑square‑foot duplex built in 1929
- Unit A has 3 bedrooms, 1.5 baths, and a carport
- Unit B includes 2 bedrooms, 2 bathrooms, and a one‑car garage
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
$21,545
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
7.46%
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%
$430,900
$430.9K
Cap Rate 7%
$307,786
$307.8K
Cap Rate 9%
$239,389
$239.4K
Market Conditions
NOI Build-Up for 2,383 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
$32.3K $13.56/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$30.8K $12.92/SF
− OpEx
−$9.2K −$3.87/SF
NOI
$21.5K $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%
$430,900
Cap Rate 7%
$307,786
Cap Rate 9%
$239,389
Alternative Uses
Best Use
Multifamily LT 5
$307.8K
$269.3K – $359.1K
NOI $21,545 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,872 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$597.8K
$523.1K – $697.5K
NOI $41,849 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
576
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 - R4-zoned duplex with separate electric and gas metering, refrigerated cooling, and distinct parking for each residence.
Where is this duplex located?
The property is located at 8809 Mercury Street Unit A&B El Paso, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,383‑square‑foot duplex built in 1929; Unit A has 3 bedrooms, 1.5 baths, and a carport; Unit B includes 2 bedrooms, 2 bathrooms, and a one‑car garage
