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    Triplex with Detached Studio Title is generated by Realmo AI

    3224 Tularosa Avenue, El Paso, TX 79903

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    Claim this Listing
    For Sale
    $319,500

    MULTI_FAMILY - El Paso, TX

    Property size:
    2,556 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $125/SF
    Added:
    Dec 18, 2025
    Days on Market:
    181
    Last Refresh:
    Jun 17 at 2:06 am

    Property Features for 3224 Tularosa Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Parking features
    On Street
    Appliances
    Refrigerator, Gas Cooktop, Convection Oven
    Standard status
    Active
    APN
    E01499908407300
    Size
    2,556 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    84 EAST EL PASO 26 & E 1/2 OF 27 (5250 SQ FT)
    Tax Annual Amount
    8284

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Evaporative Cooling, Heat Pump

    Building Details

    Year built
    1916
    Number of units
    3
    Building materials
    Brick Veneer, Stucco, Wood Siding
    Roof type
    Composition, Shingle, Tar/Gravel

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    Listing Contact
    Brenda Ivonne Marquez

    Listing agent Brenda Ivonne Marquez License #0823215

    Listing office The WAR Team 4707 Montana Ave Ste 203, El Paso, TX

    Listing date Dec 18, 2025

    MLS# 935362 Listing URL

    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.

    HighLights

    • Year built 1916 brick veneer/stucco/wood siding structure
    • Appliances include refrigerator, gas cooktop, and convection oven
    • Heating includes forced air and heat pump
    • Cooling includes ceiling fan(s) and evaporative cooling with heat pump
    • Roof includes composition shingle and tar/gravel materials
    • Utilities include public sewer; parking available on street

    Overview

    This for-sale triplex consists of two separate units along with a detached studio apartment in the back. The property is positioned on a small lot and totals 2,556 square feet, providing three residential options within one residential income configuration.

    The address is 3224 Tularosa Avenue in El Paso, Texas (79903). The public remarks note convenient access near I-10, with proximity to shopping, dining, and major thoroughfares.

    With its two-unit front layout and a separate detached studio at the rear, the property may appeal to buyers seeking multiple residential streams from a single asset. The R3 zoning designation supports residential use consistent with a multifamily setup, and the overall configuration offers practical flexibility for tenant mix and day-to-day property management.

    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 $34.7k $13.56
    − Vacancy −$1.6k −$0.64
    EGI $33.0k $12.92
    − OpEx −$9.9k −$3.87
    NOI $23.1k $9.04
    2,556 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $330.1K
    $288.9K – $385.2K (±1% cap)
    NOI $23,109 @ 7.0% cap · market cap 7.23%
    Second Best
    Apartment 5plus
    $304.5K
    $266.4K – $355.3K (±1% cap)
    NOI $21,315 @ 7.0% cap · market cap 6.67%
    Theoretical Best
    Office A
    $641.2K
    $561.1K – $748.1K (±1% cap)
    NOI $44,887 @ 7.0% cap · market cap 14.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.455802
    Latitude
    31.782408

    FAQs

    What type of property is this?
    Triplex - For sale triplex offering two separate units plus a detached studio apartment for flexible rental living arrangements.
    Where is this triplex located?
    The property is located at 3224 Tularosa Avenue El Paso, TX.
    What is the asking price?
    The asking price for this property is $319,500.
    What are key features of this property?
    This property features: Year built 1916 brick veneer/stucco/wood siding structure; Appliances include refrigerator, gas cooktop, and convection oven; Heating includes forced air and heat pump
    More about this property
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