3-Unit Triplex
For Sale
$250,000
Pending
3530 TULAROSA Avenue, El Paso, TX 79903
Residential Income, El Paso, TX
Property Size1,860 SF
Lot Size0.12 Acres
Days on Market10
Property Features for 3530 TULAROSA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Parking features
On Street
Appliances
Water Heater, Refrigerator
Subdivision
Government Hill
Elementary school
Altavista
Middle school
Houston
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
E01499908704900
Size
1,860 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
87 EAST EL PASO 17 & E 1/2 OF 18 (5250 SQ FT)
Tax Annual Amount
6192
Legal Description
87 EAST EL PASO 17 & E 1/2 OF 18 (5250 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1916
Number of units
3
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Shingle, Flat
Listing Agency:
Rodeo Realty
Listed By:
Elena Mata
(915) 892-8269
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 25 at 5:06AM
MLS# 951366
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 1916-built triplex contains 3 separate units within 1,860 square feet on a 0.12-acre parcel. The property features stucco construction, ceramic tile flooring, central heating, evaporative cooling, and a combination flat and shingle roof. On-street parking is provided, while water heaters and refrigerators are included. Public sewer serves the property.
Zoned R5, the property is positioned in El Paso near Downtown, UTEP, the medical center, I-10, employment areas, educational institutions, healthcare services, shopping, and entertainment. Its three-unit configuration and existing residential improvements support continued multifamily use.
Zoned R5, the property is positioned in El Paso near Downtown, UTEP, the medical center, I-10, employment areas, educational institutions, healthcare services, shopping, and entertainment. Its three-unit configuration and existing residential improvements support continued multifamily use.
Key Highlights
- 3 separate residential units
- 1,860 square feet on a 0.12‑acre lot
- R5 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
$16,817
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
6.73%
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%
$336,340
$336.3K
Cap Rate 7%
$240,243
$240.2K
Cap Rate 9%
$186,856
$186.9K
Market Conditions
NOI Build-Up for 1,860 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
$25.2K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$24.0K $12.92/SF
− OpEx
−$7.2K −$3.87/SF
NOI
$16.8K $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%
$336,340
Cap Rate 7%
$240,243
Cap Rate 9%
$186,856
Alternative Uses
Best Use
Multifamily LT 5
$240.2K
$210.2K – $280.3K
NOI $16,817 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$221.6K
$193.9K – $258.5K
NOI $15,511 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 13.07%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned multifamily property with three separate units and central heating and cooling.
Where is this triplex located?
The property is located at 3530 TULAROSA Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3 separate residential units; 1,860 square feet on a 0.12‑acre lot; R5 zoning
