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    El Paso Multifamily Income Property Title is generated by Realmo AI

    146 CROOM Road, El Paso, TX 79915

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    Claim this Listing
    For Sale
    $459,900

    MULTI_FAMILY - El Paso, TX

    Property size:
    3,330 SF
    Lot size:
    0.77 Acres
    Price / SF:
    $138/SF
    Added:
    Mar 15, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 16 at 7:06 pm

    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
    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

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating), Forced Air

    Building Details

    Year built
    1946
    Number of units
    3
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Adobe, Stucco
    Roof type
    Membrane, Shingle, Flat
    Additional Structures
    Gazebo

    We can help!

    Listing Contact
    Manuel Silva

    Listing agent Manuel Silva License #0808640

    Listing office JPAR EP (869) 12350 Montwood Dr #100, North Richland Hills, TX

    Listing date Mar 15, 2026

    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.

    HighLights

    • Large, fully paid‑off solar system powers both the main home and duplex, offering excellent energy efficiency and reduced utility costs.
    • Separate duplex with two 2‑bedroom, 1‑bathroom units provides strong rental income potential or extended family living options.
    • Situated on a large 0.77‑acre lot with irrigation rights, offering space and flexibility within city limits.
    • Main residence features renovated interiors and generous living areas.
    • New water heaters installed in March 2026 in both the main home and duplex.
    • Original hardwood floors in some rooms of the main residence add character and warmth.

    Overview

    This property, situated on 0.77 acres with irrigation rights, presents an opportunity for investors and buyers seeking income potential. The main residence features renovated interiors and generous living areas, with original hardwood floors in some rooms. A large, fully paid-off solar system with approximately 40 panels powers both the main home and the duplex, contributing to energy efficiency and reduced utility costs. The property includes a separate duplex with two units, each featuring 2 bedrooms and 1 bathroom, suitable for rental income or extended family living. New water heaters were installed in March 2026 in the main home and duplex. The expansive lot provides abundant parking and outdoor space. The property is zoned R4 and has a total size of 3330 square feet.

    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 $45.2k $13.56
    − Vacancy −$2.1k −$0.64
    EGI $43.0k $12.92
    − OpEx −$12.9k −$3.87
    NOI $30.1k $9.04
    3,330 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $430.1K
    $376.3K – $501.8K (±1% cap)
    NOI $30,107 @ 7.0% cap · market cap 6.55%
    Second Best
    Apartment 5plus
    $396.7K
    $347.1K – $462.8K (±1% cap)
    NOI $27,769 @ 7.0% cap · market cap 6.04%
    Theoretical Best
    Office A
    $835.4K
    $731.0K – $974.7K (±1% cap)
    NOI $58,479 @ 7.0% cap · market cap 12.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -106.39107
    Latitude
    31.748885

    FAQs

    What type of property is this?
    Duplex - Income-generating property with main house, duplex, and solar system.
    Where is this duplex 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: Large, fully paid‑off solar system powers both the main home and duplex, offering excellent energy efficiency and reduced utility costs.; Separate duplex with two 2‑bedroom, 1‑bathroom units provides strong rental income potential or extended family living options.; Situated on a large 0.77‑acre lot with irrigation rights, offering space and flexibility within city limits.
    More about this property
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