Triplex with Solar
For Sale
$387,000
13048 Sparks Drive, El Paso, TX 79928
Residential Income, El Paso, TX
Property Size3,301 SF
Lot Size0.15 Acres
Price / SF$117.24
Days on Market303
Property Features for 13048 Sparks Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Out of Area
Appliances
Washer Hookup, Disposal, Dishwasher
Subdivision
Sparks
Elementary school
Mission Ridge
Middle school
Desert Wind
High school
Eastlake
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
88254
Size
3,301 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
47 SPARKS #3 LOT 9
Tax Annual Amount
7383
Legal Description
47 SPARKS #3 LOT 9
Utilities
Sewer type
Public Sewer
Heating system
Solar (Heating), Forced Air, Central
Amenities
gated lot
refrigerated air
solar panels
Building Details
Year built
2008
Number of units
3
Building materials
Stucco
Roof type
Composition
Listing Agency:
R C Properties
(915) 328-9992
Listed By:
Michael Bray · License #0385615
(915) 549-1770
Added: Dec 8, 2025
Changed: Oct 2
Last Checked: Oct 7 at 6:06AM
MLS# 934966
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 2008 triplex at 13048 Sparks Drive includes 3,301 square feet on a 0.15-acre gated lot in El Paso. The primary residence offers four bedrooms and three baths, while the backyard duplex contains separate one-bedroom and two-bedroom units. Stucco construction, composition roofing, refrigerated air, and central, forced-air, and solar heating serve the property. Appliances and hookups include a dishwasher, disposal, and washer connection.
The property is located in the Sparks subdivision and uses public sewer. Zoning is identified as Out of Area. The solar panels are paid off, and the modified gross lease structure has tenants covering all utilities while the landlord pays taxes and insurance.
The property is located in the Sparks subdivision and uses public sewer. Zoning is identified as Out of Area. The solar panels are paid off, and the modified gross lease structure has tenants covering all utilities while the landlord pays taxes and insurance.
Key Highlights
- Three‑unit configuration with a four‑bedroom, three‑bath main residence and one‑bedroom and two‑bedroom duplex units
- 3,301 square feet on a 0.15‑acre gated lot
- Built in 2008 with stucco construction and composition roofing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,581
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,620
$591.6K
Cap Rate 7%
$422,586
$422.6K
Cap Rate 9%
$328,678
$328.7K
Market Conditions
NOI Build-Up for 3,301 SF
Gross rent
$44.4K $13.44/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$42.3K $12.80/SF
− OpEx
−$12.7K −$3.84/SF
NOI
$29.6K $8.96/SF
Area
ZIP 79928
Vacancy
4.75%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,620
Cap Rate 7%
$422,586
Cap Rate 9%
$328,678
Alternative Uses
Best Use
Multifamily LT 5
$422.6K
$369.8K – $493.0K
NOI $29,581 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$390.3K
$341.5K – $455.3K
NOI $27,320 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$577.2K
$505.1K – $673.4K
NOI $40,404 @ 7.0% cap · market cap 10.44%
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
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 79928, TX
78,971
Population
24,841
Households
3.2
Avg Household Size
29
Median Age
24%
College-Educated
85%
High-School Grad
209.9 sq mi
ZIP Area
376
Density / Sq Mi
$73,704
Median Household Income
$37,406
Median Earnings
$1,145
Median Rent
$188,600
Median Home Value
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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 residential units combine a spacious primary residence with a two-unit backyard dwelling on a gated parcel.
Where is this triplex located?
The property is located at 13048 Sparks Drive El Paso, TX.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: Three‑unit configuration with a four‑bedroom, three‑bath main residence and one‑bedroom and two‑bedroom duplex units; 3,301 square feet on a 0.15‑acre gated lot; Built in 2008 with stucco construction and composition roofing
