Duplex Across From
For Sale
$315,000
9275 LEONARDO Avenue, El Paso, TX 79907
MULTI_FAMILY - El Paso, TX
Property Size2,688 SF
Lot Size0.23 Acres
Price / SF$117.19
Days on Market142
Property Features for 9275 LEONARDO Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Appliances
Free-Standing Gas Oven, Disposal
Subdivision
North Valumbros
Elementary school
Presa
Middle school
Ysleta
High school
Ysleta
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
N52599900100900
Size
2,688 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH VALUMBROSA #2 TR 88 (0.23 AC)
Tax Annual Amount
9238
Legal Description
NORTH VALUMBROSA #2 TR 88 (0.23 AC)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
2015
Number of units
2
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Composition, Rolled Hot Mop
Listing Agency:
Jordan Realty
(915) 240-0369
Listed By:
Richard L Jordan · License #0225812
(915) 240-0369
Added: Apr 14
Changed: Aug 2
Last Checked: Sep 2 at 4:06AM
MLS# 942175
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 duplex at 9275 Leonardo Avenue offers two identical sides, each with three bedrooms and two baths. Interior features include a spacious living room with built-in for a large TV, a country kitchen with a table in the kitchen, and tile-ceramic flooring. The duplex includes free-standing gas oven and disposal, with forced air natural gas heating, and stucco construction. The roof is described as a composition and rolled hot mop. Each unit is served by public sewer.
The property sits on a 0.23-acre lot and totals 2,688 square feet. The duplex is positioned across from a park with basketball, walking trails, and gazebos available across the street. Tenants are in a month-to-month lease.
Zoned R2, this setup may appeal to operators seeking a residential income property with established occupancy and consistent unit layouts.
The property sits on a 0.23-acre lot and totals 2,688 square feet. The duplex is positioned across from a park with basketball, walking trails, and gazebos available across the street. Tenants are in a month-to-month lease.
Zoned R2, this setup may appeal to operators seeking a residential income property with established occupancy and consistent unit layouts.
Key Highlights
- Two identical sides with three bedrooms and two baths per unit
- 0.23‑acre lot totaling 2,688 SF
- Zoned R2
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
$24,303
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
7.72%
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%
$486,060
$486.1K
Cap Rate 7%
$347,186
$347.2K
Cap Rate 9%
$270,033
$270.0K
Market Conditions
NOI Build-Up for 2,688 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
$36.4K $13.56/SF
− Vacancy
−$1.7K −$0.64/SF
EGI
$34.7K $12.92/SF
− OpEx
−$10.4K −$3.87/SF
NOI
$24.3K $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%
$486,060
Cap Rate 7%
$347,186
Cap Rate 9%
$270,033
Alternative Uses
Best Use
Multifamily LT 5
$347.2K
$303.8K – $405.1K
NOI $24,303 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$320.2K
$280.2K – $373.6K
NOI $22,416 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$674.4K
$590.1K – $786.8K
NOI $47,205 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex zoned R2 with identical units, public utilities, and month-to-month tenants, built in 2015.
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: Two identical sides with three bedrooms and two baths per unit; 0.23‑acre lot totaling 2,688 SF; Zoned R2
