Triplex with Solar
For Sale
$459,900
146 CROOM Road, El Paso, TX 79915
Residential Income, El Paso, TX
Property Size3,330 SF
Lot Size0.77 Acres
Price / SF$138.11
Days on Market230
Property Features for 146 CROOM Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Parking features
Assigned
Appliances
Refrigerator, Free-Standing Gas Oven
Subdivision
Valley Gate
Elementary school
Riverside
Middle school
Riverside
High school
Riverside
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
V150999000B8900
Size
3,330 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VALLEY GATE S 140 FT OF N 210 FT OF W 239 FT OF TR 62 (33454 SQ FT)
Tax Annual Amount
7943
Legal Description
VALLEY GATE S 140 FT OF N 210 FT OF W 239 FT OF TR 62 (33454 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Central
Building Details
Year built
1946
Floors in Building
1
Number of units
3
Flooring type
Tile, Wood, Carpet
Building materials
Adobe, Stucco
Roof type
Membrane, Shingle, Flat
Additional Structures
Gazebo
Listing Agency:
JPAR EP (869)
(800) 683-5651
Listed By:
Manuel Silva · License #0808640
(915) 525-3413
Added: Mar 15
Changed: Oct 28
Last Checked: Oct 30 at 9:06PM
MLS# 940265
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.
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Investment Insights
Based on property information with market context.
This triplex includes a main residence plus a separate duplex with two units. The main home features renovated interiors and generous living areas, with original hardwood floors in some rooms. Each unit in the duplex provides 2 bedrooms and 1 bathroom, supporting either rental income or extended family living.
The property sits on a 0.77-acre lot with irrigation rights and offers outdoor space and abundant parking, with assigned parking identified. A fully paid-off solar system with approximately 40 panels powers both the main home and the duplex. New water heaters were installed in March 2026 in both the main home and the duplex.
Built in 1946, the property features adobe and stucco construction, wood, carpet, and tile flooring, and central forced-air electric heating. Public sewer services are available, and the roof includes shingle, flat, and membrane components.
The property sits on a 0.77-acre lot with irrigation rights and offers outdoor space and abundant parking, with assigned parking identified. A fully paid-off solar system with approximately 40 panels powers both the main home and the duplex. New water heaters were installed in March 2026 in both the main home and the duplex.
Built in 1946, the property features adobe and stucco construction, wood, carpet, and tile flooring, and central forced-air electric heating. Public sewer services are available, and the roof includes shingle, flat, and membrane components.
Key Highlights
- Fully paid‑off solar system with approximately 40 panels powering the main home and duplex
- Separate duplex with two units, each with 2 bedrooms and 1 bathroom
- 0.77‑acre lot with irrigation rights and abundant parking/outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,107
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,140
$602.1K
Cap Rate 7%
$430,100
$430.1K
Cap Rate 9%
$334,522
$334.5K
Market Conditions
NOI Build-Up for 3,330 SF
Gross rent
$45.2K $13.56/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$43.0K $12.92/SF
− OpEx
−$12.9K −$3.87/SF
NOI
$30.1K $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 Rate 5%
$602,140
Cap Rate 7%
$430,100
Cap Rate 9%
$334,522
Alternative Uses
Best Use
Multifamily LT 5
$430.1K
$376.3K – $501.8K
NOI $30,107 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$396.7K
$347.1K – $462.8K
NOI $27,769 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$835.4K
$731.0K – $974.7K
NOI $58,479 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
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Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - R4 zoned triplex with a fully paid-off solar system and renovated interiors.
Where is this multifamily property located?
The property is located at 146 CROOM Road El Paso, TX.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Fully paid‑off solar system with approximately 40 panels powering the main home and duplex; Separate duplex with two units, each with 2 bedrooms and 1 bathroom; 0.77‑acre lot with irrigation rights and abundant parking/outdoor space
