For Sale
$250,000
3530 Tularosa Ave, El Paso, TX 79903
R5-zoned multifamily property with three separate units and central heating and cooling.
Property Size1,860 SF
Lot Size0.12 Acres
Price / SF$134.41
Days on Market45
Property Features for 3530 Tularosa Ave
General Information
Standard status
Active
Property type
Triplexes, Multifamily properties, Residential income properties
Size
1,860 SF
Lot size
0.12 Acres
Building Details
Year Built
1916
Listed By:
Elena Mata
(915) 892-8269
Added: Sep 16
Changed: Oct 21
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,817
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,340
$336.3K
Cap Rate 7%
$240,243
$240.2K
Cap Rate 9%
$186,856
$186.9K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$25.2K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$24.0K $12.92/SF
− OpEx
−$7.2K −$3.87/SF
NOI
$16.8K $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 Rate 5%
$336,340
Cap Rate 7%
$240,243
Cap Rate 9%
$186,856
Alternative Uses
Best Use
Multifamily LT 5
$240.2K
$210.2K – $280.3K
NOI $16,817 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$221.6K
$193.9K – $258.5K
NOI $15,511 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$466.6K
$408.3K – $544.4K
NOI $32,664 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,111
Businesses Nearby
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Business Placement
Demographics for 79903, TX
16,425
Population
6,708
Households
2.4
Avg Household Size
44
Median Age
16%
College-Educated
74%
High-School Grad
3.0 sq mi
ZIP Area
5,475
Density / Sq Mi
$38,294
Median Household Income
$24,288
Median Earnings
$883
Median Rent
$118,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - R5-zoned multifamily property with three separate units and central heating and cooling.
Where is this triplex located?
The property is located at 3530 Tularosa Ave El Paso, TX.
What is the asking price?
The asking price for this property is $250,000.
