178 S Glenwood Street El Paso, TX 79905
MULTI_FAMILY - El Paso, TX
- Added:
- Jun 29, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 178 S Glenwood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Parking features
- Paved or Surfaced
- Appliances
- Free-Standing Gas Oven, Dishwasher
- Standard status
- Active
- APN
- A43899900602000
- Size
- 3,376 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 6 ALAMEDA ACRES 2 105 FT OF S 1/2 OF 9
- Tax Annual Amount
- 7698
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1949
- Number of units
- 3
- Flooring type
- Tile, Carpet
- Building materials
- Stucco
- Roof type
- Composition
- Additional Structures
- Storage
Listing agent Marisela Martinez (915) 538-8574
Listing office The WAR Team 4707 Montana Ave Ste 203, El Paso, TX (915) 255-2577
Listing date Jun 29, 2026
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.
The site is located on a lot of just under 1 acre and is zoned R3. With multiple residences already in place, the property is structured for an owner-occupant who wants to live in one unit while renting the others, or for a buyer looking to acquire an income-generating multi-unit setup.
For tenants and investors, this configuration can support straightforward on-site management with three rented homes already producing occupancy. For future development-minded buyers, the documented expansion plans and proposed access route indicate a pathway to increase the number of units on the existing parcel, subject to applicable approvals and requirements.
Key Highlights
- 3 homes on the property with active rental status
- Just under 1‑acre lot with plans drawn for 2 additional units and right‑of‑way access to the units
- Year built 1949 with stucco construction and a composition roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.8k | $13.56 |
| − Vacancy | −$2.2k | −$0.64 |
| EGI | $43.6k | $12.92 |
| − OpEx | −$13.1k | −$3.87 |
| NOI | $30.5k | $9.04 |
