Triplex on Nearly One-Acre
For Sale
$589,999
178 S Glenwood Street, El Paso, TX 79905
MULTI_FAMILY - El Paso, TX
Property Size3,376 SF
Lot Size0.80 Acres
Price / SF$174.76
Days on Market38
Property Features for 178 S Glenwood Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3
Parking features
Paved or Surfaced
Appliances
Free-Standing Gas Oven, Dishwasher
Subdivision
Alameda Acres S
Elementary school
Cooley
Middle school
Dr. Josefina Villamil Tinajero
High school
Jefferson
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
A43899900602000
Size
3,376 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
6 ALAMEDA ACRES 2 105 FT OF S 1/2 OF 9
Tax Annual Amount
7698
Legal Description
6 ALAMEDA ACRES 2 105 FT OF S 1/2 OF 9
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1949
Number of units
3
Flooring type
Tile, Carpet
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
The WAR Team
(915) 255-2577
Listed By:
Marisela Martinez
(915) 538-8574
Added: Jun 29
Changed: Aug 5
Last Checked: Aug 5 at 12:06PM
MLS# 946857
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 triplex property includes three homes on a single lot, currently actively rented. The owner indicates the homes have been maintained, though they could use updates. The property sits on a lot size of 0.8 acres, with a total property size of 3,376 square feet.
The property is zoned R3. Improvements include stucco construction and a composition roof. Heating is provided by central systems, with evaporative cooling. The home features tile and carpet flooring, and utilities include public sewer. Parking is paved or surfaced.
The owner also references previously drawn plans to build two additional units and a right of way to access those units. An investor or landlord could consider occupying one unit while renting the others, or starting with the current three-home configuration.
The property is zoned R3. Improvements include stucco construction and a composition roof. Heating is provided by central systems, with evaporative cooling. The home features tile and carpet flooring, and utilities include public sewer. Parking is paved or surfaced.
The owner also references previously drawn plans to build two additional units and a right of way to access those units. An investor or landlord could consider occupying one unit while renting the others, or starting with the current three-home configuration.
Key Highlights
- Three actively rented homes on a single 0.8‑acre lot
- 3,376 SF triplex property zoned R3
- Stucco construction with composition roof
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 | $45.8k | $13.56 |
| − Vacancy | −$2.2k | −$0.64 |
| EGI | $43.6k | $12.92 |
| − OpEx | −$13.1k | −$3.87 |
| NOI | $30.5k | $9.04 |
3,376 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$402.2K
$351.9K – $469.2K
NOI $28,153 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$847.0K
$741.1K – $988.1K
NOI $59,287 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 79905, TX
22,483
Population
9,168
Households
2.5
Avg Household Size
39
Median Age
10%
College-Educated
58%
High-School Grad
6.6 sq mi
ZIP Area
3,407
Density / Sq Mi
$25,496
Median Household Income
$21,636
Median Earnings
$646
Median Rent
$103,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three actively rented homes on a 0.8-acre lot, zoned R3 with public sewer and paved parking.
Where is this triplex located?
The property is located at 178 S Glenwood Street El Paso, TX.
What is the asking price?
The asking price for this property is $589,999.
What are key features of this property?
This property features: Three actively rented homes on a single 0.8‑acre lot; 3,376 SF triplex property zoned R3; Stucco construction with composition roof
