Triplex with Solar
For Sale
$459,900
146 CROOM Road, El Paso, TX 79915
Residential Income, El Paso, TX
Property Size3,330 SF
Lot Size0.77 Acres
Price / SF$138.11
Days on Market185
Property Features for 146 CROOM Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Parking features
Assigned
Appliances
Refrigerator, Free-Standing Gas Oven
Subdivision
Valley Gate
Elementary school
Riverside
Middle school
Riverside
High school
Riverside
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
V150999000B8900
Size
3,330 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VALLEY GATE S 140 FT OF N 210 FT OF W 239 FT OF TR 62 (33454 SQ FT)
Tax Annual Amount
7943
Legal Description
VALLEY GATE S 140 FT OF N 210 FT OF W 239 FT OF TR 62 (33454 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Electric (Heating)
Building Details
Year built
1946
Number of units
3
Flooring type
Carpet, Tile, Wood
Building materials
Adobe, Stucco
Roof type
Membrane, Shingle, Flat
Additional Structures
Gazebo
Listing Agency:
JPAR EP (869)
(800) 683-5651
Listed By:
Manuel Silva · License #0808640
(915) 525-3413
Added: Mar 15
Changed: Sep 15
Last Checked: Sep 15 at 1:06PM
MLS# 940265
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 triplex includes a main residence plus a separate duplex with two units. The main home features renovated interiors and generous living areas, with original hardwood floors in some rooms. Each unit in the duplex provides 2 bedrooms and 1 bathroom, supporting either rental income or extended family living.
The property sits on a 0.77-acre lot with irrigation rights and offers outdoor space and abundant parking, with assigned parking identified. A fully paid-off solar system with approximately 40 panels powers both the main home and the duplex. New water heaters were installed in March 2026 in both the main home and the duplex.
Built in 1946, the property features adobe and stucco construction, wood, carpet, and tile flooring, and central forced-air electric heating. Public sewer services are available, and the roof includes shingle, flat, and membrane components.
The property sits on a 0.77-acre lot with irrigation rights and offers outdoor space and abundant parking, with assigned parking identified. A fully paid-off solar system with approximately 40 panels powers both the main home and the duplex. New water heaters were installed in March 2026 in both the main home and the duplex.
Built in 1946, the property features adobe and stucco construction, wood, carpet, and tile flooring, and central forced-air electric heating. Public sewer services are available, and the roof includes shingle, flat, and membrane components.
Key Highlights
- Fully paid‑off solar system with approximately 40 panels powering the main home and duplex
- Separate duplex with two units, each with 2 bedrooms and 1 bathroom
- 0.77‑acre lot with irrigation rights and abundant parking/outdoor space
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
$30,107
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
6.55%
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%
$602,140
$602.1K
Cap Rate 7%
$430,100
$430.1K
Cap Rate 9%
$334,522
$334.5K
Market Conditions
NOI Build-Up for 3,330 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
$45.2K $13.56/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$43.0K $12.92/SF
− OpEx
−$12.9K −$3.87/SF
NOI
$30.1K $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%
$602,140
Cap Rate 7%
$430,100
Cap Rate 9%
$334,522
Alternative Uses
Best Use
Multifamily LT 5
$430.1K
$376.3K – $501.8K
NOI $30,107 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$396.7K
$347.1K – $462.8K
NOI $27,769 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$835.4K
$731.0K – $974.7K
NOI $58,479 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - R4 zoned triplex with a fully paid-off solar system and renovated interiors.
Where is this multifamily property located?
The property is located at 146 CROOM Road El Paso, TX.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Fully paid‑off solar system with approximately 40 panels powering the main home and duplex; Separate duplex with two units, each with 2 bedrooms and 1 bathroom; 0.77‑acre lot with irrigation rights and abundant parking/outdoor space
