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    El Paso Triplex Investment Opportunity

    3905 LEAVELL Avenue El Paso, TX 79904

    Claim this Listing
    For Sale
    $315,000

    MULTI_FAMILY - El Paso, TX

    Property size:
    1,924 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $163/SF
    Added:
    Feb 18, 2026
    Days on Market:
    143
    Last Refresh:
    Jul 10 at 11:06 pm

    Property Features for 3905 LEAVELL Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R1
    Appliances
    Water Heater, Washer Hookup, Washer, Microwave, Dryer, Cooktop
    Standard status
    Active
    APN
    L44799905504300
    Size
    1,924 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    55 LOGAN HEIGHTS 12 & 13 (6000 SQ FT)
    Tax Annual Amount
    4353

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1934
    Number of units
    3
    Flooring type
    Wood, Tile
    Building materials
    Masonite
    Roof type
    Rolled Hot Mop

    Listing agent Blanca Cecilia Alvidrez

    Listing office The Real Estate Agency 4445 N Mesa Suite 121, El Paso, TX

    Listing date Feb 18, 2026

    MLS# 938405 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.

    Investment Insights

    Based on property information with market context.

    This well-maintained triplex in El Paso, Texas, presents an investment opportunity. The property generates $2,925 per month in total rental income. With a typical 90% occupancy rate, the projected monthly income is $2,632.50. Two units are currently leased, providing immediate income. The main house has rental potential and can be leased for approximately $1,100 to $1,300 per month. The property is located in El Paso, TX 79904, situated on a 0.14-acre lot. The property size is 1,924 square feet. The zoning is R1. The seller currently pays all utilities, including Wi-Fi and Ring floodlights/cameras.

    Key Highlights

    • Triplex with total monthly rental income of $2,925, with two units already leased
    • Projected monthly income at 90% occupancy: $2,632.50
    • Main house can be leased for approximately $1,100-$1,300 per month (per remarks)

    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 $26.1k $13.56
    − Vacancy −$1.2k −$0.64
    EGI $24.9k $12.92
    − OpEx −$7.5k −$3.87
    NOI $17.4k $9.04
    1,924 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $248.5K
    $217.4K – $289.9K (±1% cap)
    NOI $17,395 @ 7.0% cap · market cap 5.52%
    Second Best
    Apartment 5plus
    $229.2K
    $200.6K – $267.4K (±1% cap)
    NOI $16,044 @ 7.0% cap · market cap 5.09%
    Theoretical Best
    Office A
    $482.7K
    $422.4K – $563.1K (±1% cap)
    NOI $33,788 @ 7.0% cap · market cap 10.73%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Plumbing Service Garden Center Locksmith Pharmacy

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

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex in El Paso with immediate income potential.
    Where is this triplex located?
    The property is located at 3905 LEAVELL Avenue El Paso, TX.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: Triplex with total monthly rental income of $2,925, with two units already leased; Projected monthly income at 90% occupancy: $2,632.50; Main house can be leased for approximately $1,100-$1,300 per month (per remarks)
    Contact an agent
    (915) 241-4940
    We can help!
    Contact an agent
    Blanca Cecilia Alvidrez
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