Three-Bedroom
For Sale
$315,000
9275 Leonardo Avenue, El Paso, TX 79907
Two matching units offer country kitchens, ceramic tile, and month-to-month tenancy.
Property Size2,464 SF
Price / SF$127.84
Days on Market203
Property Features for 9275 Leonardo Avenue
General Information
Standard status
Active
Size
2,464 SF
Property subtype
Multi-Family / Duplex
Zoning
R2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,238
Amenities
Yes
Ceramic Tile
Free-Standing Gas Oven, Disposal
.00
Composition, Rolled/Hot Mop
Building Details
Year Built
2015
Listing Agency:
Jordan Realty
(915) 240-0369
Listed By:
Richard L Jordan · License #0225812
Source:
Compass
Added: Feb 11
Changed: Aug 31
Last Checked: Sep 1 at 11:18PM
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 Jordan Realty
Investment Insights
Based on property information with market context.
Built in 2015, this R2-zoned duplex contains 2,464 square feet and is arranged with two matching residential units. Each side includes three bedrooms, two baths, a spacious living room, and a kitchen with dining space. Interior features include ceramic tile, a free-standing gas oven, and a disposal. Built-in living room storage accommodates a large television.
The property is located at 9275 Leonardo Avenue in El Paso, across from a park with basketball facilities, walking trails, and gazebos. Both units are occupied under month-to-month leases, providing an existing rental setup with flexible lease terms.
The property is located at 9275 Leonardo Avenue in El Paso, across from a park with basketball facilities, walking trails, and gazebos. Both units are occupied under month-to-month leases, providing an existing rental setup with flexible lease terms.
Key Highlights
- 2,464‑square‑foot duplex built in 2015
- R2 zoning
- Two matching units, each with 3 bedrooms and 2 baths
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
$22,277
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
7.07%
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%
$445,540
$445.5K
Cap Rate 7%
$318,243
$318.2K
Cap Rate 9%
$247,522
$247.5K
Market Conditions
NOI Build-Up for 2,464 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
$33.4K $13.56/SF
− Vacancy
−$1.6K −$0.64/SF
EGI
$31.8K $12.92/SF
− OpEx
−$9.5K −$3.87/SF
NOI
$22.3K $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%
$445,540
Cap Rate 7%
$318,243
Cap Rate 9%
$247,522
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.5K – $371.3K
NOI $22,277 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$293.5K
$256.9K – $342.5K
NOI $20,548 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$618.2K
$540.9K – $721.2K
NOI $43,271 @ 7.0% cap · market cap 13.74%
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
381
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer country kitchens, ceramic tile, and month-to-month tenancy.
Where is this duplex located?
The property is located at 9275 Leonardo Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,464‑square‑foot duplex built in 2015; R2 zoning; Two matching units, each with 3 bedrooms and 2 baths
