Single-Story Duplex with
New
For Sale
$299,000
8916 Leo Street, El Paso, TX 79904
MULTI_FAMILY - Other - El Paso, TX
Property Size2,222 SF
Lot Size0.20 Acres
Price / SF$134.56
Days on Market1
Property Features for 8916 Leo Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 3
Window features
Blinds
Interior features
LR DR Combo, Pantry
Exterior features
Walled Backyard
Fireplace
1
Appliances
Dishwasher, Free-Standing Gas Oven, Range Hood, Refrigerator
Subdivision
Sunrise Acres
Lot features
Standard Lot
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
S912999001M8900
Size
2,222 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
SUNRISE ACRES #1 REPLAT B LOT 376-A
Tax Annual Amount
7677
Legal Description
SUNRISE ACRES #1 REPLAT B LOT 376-A
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Evaporative Cooling
Building Details
Year built
1984
Floors in Building
1
Flooring type
Tile
Building materials
Brick Veneer
Roof type
Shingle
Architectural style
Other
Listing Agency:
Los Olivos New Homes & Realty
(915) 833-1598
Listed By:
Josie Saenz · License #0314016
(915) 549-5556
Added: Aug 11
Last Checked: Aug 11 at 11:06PM
MLS# 949230
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.
This 2,222-square-foot duplex contains two single-story residences, each arranged with three bedrooms, two bathrooms, a living room with fireplace, dining area, and kitchen. Both sides include an attached single-car garage with washer and dryer hookups, along with a dishwasher, stove, and refrigerator. Tile flooring, central forced-air heating, evaporative cooling, ceiling fans, brick veneer construction, and walled backyards serve the property. Public sewer is in place, and the duplex was built in 1984.
Both residences are currently rented. The property is located near Hondo Pass Drive and Patriot Freeway, with parks, schools, shopping, and Fort Bliss identified in the surrounding area. R4 zoning applies to the 0.2-acre parcel.
Both residences are currently rented. The property is located near Hondo Pass Drive and Patriot Freeway, with parks, schools, shopping, and Fort Bliss identified in the surrounding area. R4 zoning applies to the 0.2-acre parcel.
Key Highlights
- Two‑residence duplex totaling 2,222 square feet on a 0.2‑acre parcel
- Each side includes 3 bedrooms, 2 bathrooms, a fireplace, dining area, and kitchen
- Attached single‑car garage for each residence with washer and dryer hookups
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
$20,089
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
6.72%
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%
$401,780
$401.8K
Cap Rate 7%
$286,986
$287.0K
Cap Rate 9%
$223,211
$223.2K
Market Conditions
NOI Build-Up for 2,222 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
$30.1K $13.56/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$28.7K $12.92/SF
− OpEx
−$8.6K −$3.87/SF
NOI
$20.1K $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%
$401,780
Cap Rate 7%
$286,986
Cap Rate 9%
$223,211
Alternative Uses
Best Use
Multifamily LT 5
$287.0K
$251.1K – $334.8K
NOI $20,089 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$264.7K
$231.6K – $308.8K
NOI $18,529 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$557.4K
$487.8K – $650.4K
NOI $39,021 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
526
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 - Each residence provides three bedrooms, two baths, an attached garage, and a kitchen equipped with major appliances.
Where is this duplex located?
The property is located at 8916 Leo Street El Paso, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 2,222 square feet on a 0.2‑acre parcel; Each side includes 3 bedrooms, 2 bathrooms, a fireplace, dining area, and kitchen; Attached single‑car garage for each residence with washer and dryer hookups
