Triplex With Updated
New
For Sale
$299,950
3522 Altura Avenue, El Paso, TX 79930
MULTI_FAMILY - El Paso, TX
Property Size2,230 SF
Lot Size0.21 Acres
Price / SF$134.51
Days on Market6
Property Features for 3522 Altura Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R4
Parking features
On Street, Assigned
Appliances
Water Heater, Refrigerator, Microwave, Gas Water Heater, Gas Cooktop
Subdivision
Altura Park
Elementary school
Crockett
Middle school
Captain Gabriel Navarrete Middle School
High school
Austin
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
A52099902305600
Size
2,230 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
23 ALTURA PARK 19 TO 21 (9000 SQ FT)
Tax Annual Amount
5976
Legal Description
23 ALTURA PARK 19 TO 21 (9000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Multi Units, Ceiling Fan(s)
Building Details
Year built
1930
Number of units
3
Flooring type
Tile
Building materials
Block, Brick, Frame
Roof type
Flat
Listing Agency:
Texas Ally Real Estate Group
(512) 763-2559
Listed By:
Javier Cosme · License #0714913
(915) 888-5488
Added: Aug 6
Changed: Aug 8
Last Checked: Aug 11 at 7:06PM
MLS# 949070
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 1930 triplex contains 2,230 square feet on a 0.21-acre lot and is zoned R4. The property has been operated as a short-term rental for years, with each unit featuring a mini-split system. Updated windows, tile flooring, flat roofing, and a combination of block, brick, and frame construction further define the improvements. Heating includes electric and forced-air systems, while cooling is provided by multiple units and ceiling fans.
Located in El Paso, the property offers access to major freeways, the international bridge, shopping, and dining. Five Points is approximately 5 minutes away. Parking includes assigned spaces and on-street options. Additional features include public sewer service, a gas cooktop, refrigerator, microwave, and water heater equipment.
Located in El Paso, the property offers access to major freeways, the international bridge, shopping, and dining. Five Points is approximately 5 minutes away. Parking includes assigned spaces and on-street options. Additional features include public sewer service, a gas cooktop, refrigerator, microwave, and water heater equipment.
Key Highlights
- Triplex with 2,230 square feet on a 0.21‑acre lot
- R4 zoning
- Each unit has a mini‑split system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$403,240
$403.2K
Cap Rate 7%
$288,029
$288.0K
Cap Rate 9%
$224,022
$224.0K
Market Conditions
NOI Build-Up for 2,230 SF
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.
Gross rent
$30.2K $13.56/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$28.8K $12.92/SF
− OpEx
−$8.6K −$3.87/SF
NOI
$20.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$403,240
Cap Rate 7%
$288,029
Cap Rate 9%
$224,022
Alternative Uses
Best Use
Multifamily LT 5
$288.0K
$252.0K – $336.0K
NOI $20,162 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$265.7K
$232.5K – $309.9K
NOI $18,596 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$559.5K
$489.5K – $652.7K
NOI $39,162 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 79930, TX
24,553
Population
11,729
Households
2.1
Avg Household Size
40
Median Age
16%
College-Educated
75%
High-School Grad
7.5 sq mi
ZIP Area
3,274
Density / Sq Mi
$41,826
Median Household Income
$24,903
Median Earnings
$909
Median Rent
$124,000
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 - Three-unit property with mini-split systems, tile flooring, and assigned plus on-street parking.
Where is this triplex located?
The property is located at 3522 Altura Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: Triplex with 2,230 square feet on a 0.21‑acre lot; R4 zoning; Each unit has a mini‑split system
