Updated Duplex with Separate
For Sale
$250,000
8929 Teodoso Drive #A & B, El Paso, TX 79907
Independent gas and electric meters serve each residence.
Property Size1,975 SF
Price / SF$126.58
Days on Market10
Property Features for 8929 Teodoso Drive #A & B
General Information
Standard status
Active
Size
1,975 SF
Property subtype
Multi Family Home
Zoning
R4
Site & Location
Neighborhood
Penrose Neighborhood Associations
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
electric, gas
Taxes and HOA fees
Annual Taxes
$4,754
Amenities
Back Yard Access
Building Details
Building Size
1,975 SF
Year Built
1950
Stories
1
Listing Agency:
Realty Of America, LLC
(512) 788-9495
Listed By:
Nydia A. Cano
(915) 727-4359
Source:
Elpasorealestateco
Added: Oct 17
Changed: Oct 25
Last Checked: Oct 26 at 3:46AM
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 Realty Of America, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,975-square-foot duplex contains two residences: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Improvements include new flooring, interior paint, refreshed kitchens, and renovated bathrooms. Each residence has separate gas and electric meters. The property was built in 1950 and is zoned R4.
Grocery stores, schools, restaurants, and shopping plazas are among the nearby everyday amenities in El Paso.
Grocery stores, schools, restaurants, and shopping plazas are among the nearby everyday amenities in El Paso.
Key Highlights
- 1,975‑square‑foot duplex
- Two‑bedroom, one‑bathroom residence and one‑bedroom, one‑bathroom residence
- Separate electric and gas meters for each residence
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Independent gas and electric meters serve each residence.
Where is this duplex located?
The property is located at 8929 Teodoso Drive #A & B 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: 1,975‑square‑foot duplex; Two‑bedroom, one‑bathroom residence and one‑bedroom, one‑bathroom residence; Separate electric and gas meters for each residence
