For Sale
$352,000
205 Zenith Drive, El Paso, TX 79912
The property is zoned R4 for multifamily residential use.
Property Size3,314 SF
Price / SF$106.22
Days on Market45
Property Features for 205 Zenith Drive
General Information
Standard status
Active
Size
3,314 SF
Property subtype
Multi Family Home
Zoning
R4
Site & Location
Neighborhood
Westside
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,329
Building Details
Building Size
3,314 SF
Year Built
1973
Stories
2
Units
3
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Javier Cosme · License #0714913
(915) 888-5488
Source:
Elpasorealestateco
Added: Sep 19
Changed: Oct 31
Last Checked: Oct 31 at 3:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Ally Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1973, this triplex is located at 205 Zenith Drive in El Paso, Texas. Its R4 zoning is designated for multifamily residential use.
Key Highlights
- Three‑unit residential property
- Built in 1973
- R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,493
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,860
$609.9K
Cap Rate 7%
$435,614
$435.6K
Cap Rate 9%
$338,811
$338.8K
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$45.7K $13.80/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$43.6K $13.14/SF
− OpEx
−$13.1K −$3.94/SF
NOI
$30.5K $9.20/SF
Area
ZIP 79912
Vacancy
4.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,860
Cap Rate 7%
$435,614
Cap Rate 9%
$338,811
Alternative Uses
Best Use
Multifamily LT 5
$435.6K
$381.2K – $508.2K
NOI $30,493 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$400.7K
$350.6K – $467.5K
NOI $28,051 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$701.1K
$613.5K – $818.0K
NOI $49,080 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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Business Placement
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property is zoned R4 for multifamily residential use.
Where is this triplex located?
The property is located at 205 Zenith Drive El Paso, TX.
What is the asking price?
The asking price for this property is $352,000.
What are key features of this property?
This property features: Three‑unit residential property; Built in 1973; R4 zoning
