Triplex with R4
For Sale
$352,000
Pending
205 ZENITH Drive, El Paso, TX 79912
Residential Income, El Paso, TX
Property Size3,314 SF
Lot Size0.20 Acres
Days on Market88
Property Features for 205 ZENITH Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4
Appliances
Washer Hookup
Subdivision
Lomas Del Rey
Elementary school
Green
Middle school
Wiggs
High school
Coronado
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
L62499901305100
Size
3,314 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
13 LOMAS DEL REY REPLAT 11 & SWLY 1.18 FT OF 10 (8946 SQ FT)
Tax Annual Amount
9329
Legal Description
13 LOMAS DEL REY REPLAT 11 & SWLY 1.18 FT OF 10 (8946 SQ FT)
Utilities
Sewer type
Public Sewer
Cooling system
Evaporative Cooling, Varies by Unit
Building Details
Year built
1973
Number of units
2
Flooring type
Laminate, Carpet, Tile - Ceramic
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Javier Cosme · License #0714913
(915) 888-5488
Added: Jun 20
Changed: Sep 15
Last Checked: Sep 15 at 5:06PM
MLS# 946242
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 3,314-square-foot triplex on a 0.2-acre lot was built in 1973 and is zoned R4. The property features stucco construction, a shingle roof, and a mix of laminate, carpet, and ceramic tile flooring. Cooling varies by unit, with evaporative cooling identified as a system type. Washer hookups are provided, and the property is connected to public sewer service.
The property is located in El Paso near shopping, dining, schools, and major thoroughfares. Its three-unit configuration supports residential income use, while the layout may also suit an owner-occupant seeking an on-site residence with additional units. The address is 205 Zenith Drive, El Paso, Texas 79912.
The property is located in El Paso near shopping, dining, schools, and major thoroughfares. Its three-unit configuration supports residential income use, while the layout may also suit an owner-occupant seeking an on-site residence with additional units. The address is 205 Zenith Drive, El Paso, Texas 79912.
Key Highlights
- Three‑unit residential property on 0.2 acres
- 3,314 square feet of property area
- R4 zoning
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
$30,493
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
8.66%
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%
$609,860
$609.9K
Cap Rate 7%
$435,614
$435.6K
Cap Rate 9%
$338,811
$338.8K
Market Conditions
NOI Build-Up for 3,314 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
$45.7K $13.80/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$43.6K $13.14/SF
− OpEx
−$13.1K −$3.94/SF
NOI
$30.5K $9.20/SF
Area
ZIP 79912
Vacancy
4.75%
Lease Rate
$13.80 /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%
$609,860
Cap Rate 7%
$435,614
Cap Rate 9%
$338,811
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.2K – $508.2K
NOI $30,493 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$400.7K
$350.6K – $467.5K
NOI $28,051 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$701.1K
$613.5K – $818.0K
NOI $49,080 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
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?
Triplex - Three-unit residential income property with varied cooling, durable flooring, and public sewer service.
Where is this triplex located?
The property is located at 205 ZENITH Drive El Paso, TX.
What is the asking price?
The asking price for this property is $352,000.
What are key features of this property?
This property features: Three‑unit residential property on 0.2 acres; 3,314 square feet of property area; R4 zoning
