Triplex with Varied
For Sale
$352,000
Pending
205 ZENITH Drive, El Paso, TX 79912
Residential Income, El Paso, TX
Property Size3,314 SF
Lot Size0.20 Acres
Days on Market122
Property Features for 205 ZENITH Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4
Appliances
Washer Hookup
Subdivision
Lomas Del Rey
Elementary school
Green
Middle school
Wiggs
High school
Coronado
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Pending
APN
L62499901305100
Size
3,314 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
13 LOMAS DEL REY REPLAT 11 & SWLY 1.18 FT OF 10 (8946 SQ FT)
Tax Annual Amount
9329
Legal Description
13 LOMAS DEL REY REPLAT 11 & SWLY 1.18 FT OF 10 (8946 SQ FT)
Utilities
Sewer type
Public Sewer
Cooling system
Evaporative Cooling, Varies by Unit
Building Details
Year built
1973
Number of units
2
Flooring type
Carpet, Laminate, Tile - Ceramic
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Javier Cosme
(915) 888-5488
Added: Jun 20
Changed: Oct 16
Last Checked: Oct 19 at 2:06PM
MLS# 946242
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 R4-zoned triplex contains 3,314 square feet across a 0.2-acre lot. Built in 1973, the building has stucco exterior walls and a shingle roof. Interior flooring includes carpet, laminate, and ceramic tile, with washer hookups provided. Cooling is evaporative and varies by unit.
The property is served by public sewer and is located on N. Mesa Street in El Paso, Texas.
The property is served by public sewer and is located on N. Mesa Street in El Paso, Texas.
Key Highlights
- Triplex with 3,314 square feet on a 0.2‑acre lot
- R4 zoning
- Built in 1973 with stucco construction and a shingle roof
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 - R4-zoned property includes washer hookups and a mix of carpet, laminate, and ceramic tile flooring.
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: Triplex with 3,314 square feet on a 0.2‑acre lot; R4 zoning; Built in 1973 with stucco construction and a shingle roof
