Updated Duplex with Separate
For Sale
$250,000
8929 Teodoso Dr, El Paso, TX 79907
Three bedrooms across two units, with separate electric and gas meters for each.
Property Size1,975 SF
Price / SF$126.58
Days on Market12
Property Features for 8929 Teodoso Dr
General Information
Standard status
Active
Size
1,975 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Save the Valley 21
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty
Listed By:
ClearView Realty
(915) 855-1110
Source:
Clearviewep
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 30 at 2:01PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This duplex contains two units totaling 1,975 square feet. Unit A has two bedrooms and one bathroom; Unit B has one bedroom and one bathroom. Improvements include new flooring, fresh interior paint, updated kitchens, and renovated bathrooms. The building was constructed in 1950.
Each unit is equipped with its own electric and gas meters. The property is located near grocery stores, schools, restaurants, and shopping plazas.
Each unit is equipped with its own electric and gas meters. The property is located near grocery stores, schools, restaurants, and shopping plazas.
Key Highlights
- Two units with a 2‑bedroom, 1‑bathroom unit and a 1‑bedroom, 1‑bathroom unit
- 1,975 square feet total
- Separate electric and gas meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,856
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,120
$357.1K
Cap Rate 7%
$255,086
$255.1K
Cap Rate 9%
$198,400
$198.4K
Market Conditions
NOI Build-Up for 1,975 SF
Gross rent
$26.8K $13.56/SF
− Vacancy
−$1.3K −$0.64/SF
EGI
$25.5K $12.92/SF
− OpEx
−$7.7K −$3.87/SF
NOI
$17.9K $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%
$357,120
Cap Rate 7%
$255,086
Cap Rate 9%
$198,400
Alternative Uses
Best Use
Multifamily LT 5
$255.1K
$223.2K – $297.6K
NOI $17,856 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$235.3K
$205.9K – $274.5K
NOI $16,470 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$495.5K
$433.6K – $578.1K
NOI $34,684 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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Business Placement
Demographics for 79907, TX
50,971
Population
17,505
Households
2.9
Avg Household Size
39
Median Age
13%
College-Educated
71%
High-School Grad
13.7 sq mi
ZIP Area
3,721
Density / Sq Mi
$41,901
Median Household Income
$25,661
Median Earnings
$910
Median Rent
$110,600
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 - Three bedrooms across two units, with separate electric and gas meters for each.
Where is this duplex located?
The property is located at 8929 Teodoso Dr El Paso, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two units with a 2‑bedroom, 1‑bathroom unit and a 1‑bedroom, 1‑bathroom unit; 1,975 square feet total; Separate electric and gas meters for each unit
