Brick Triplex with Private
New
For Sale
$217,500
3621 Taylor Avenue, El Paso, TX 79930
Residential Income, El Paso, TX
Property Size2,180 SF
Lot Size0.14 Acres
Price / SF$99.77
Days on Market3
Property Features for 3621 Taylor Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Parking
3
Parking features
Assigned
Appliances
Free-Standing Gas Oven
Subdivision
Morningside Heights
Elementary school
Travis
Middle school
Bassett
High school
Capt J L Chapin High
Elementary school district
El Paso
Middle school district
El Paso
High school district
El Paso
Standard status
Active
APN
M79499909101900
Size
2,180 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
91 MORNINGSIDE HEIGHTS 7 & 8 6000 SQ FT
Tax Annual Amount
6102
Legal Description
91 MORNINGSIDE HEIGHTS 7 & 8 6000 SQ FT
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Evaporative Cooling
Building Details
Year built
1947
Number of units
3
Building materials
Brick
Roof type
Shingle
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Ozzy Silva
(915) 408-9291
Added: Sep 1
Last Checked: Sep 3 at 12:06AM
MLS# 950416
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 2,180-square-foot triplex contains three separate units, identified as A, B, and C, with individual entrances and distinct layouts. The property is fully occupied and includes assigned off-street parking. Built in 1947, the building has brick construction, a shingle roof, central heating, evaporative cooling, and a free-standing gas oven. Public sewer serves the property, which sits on approximately 0.14 acres and carries R5 zoning.
The property is located at 3621 Taylor Avenue in El Paso’s 79930 area, with access to Fort Bliss, Downtown, major highways, schools, shopping, and public transportation. Its central El Paso setting and three-unit configuration provide a clearly defined multifamily layout for an income property buyer or an owner-occupant arrangement.
The property is located at 3621 Taylor Avenue in El Paso’s 79930 area, with access to Fort Bliss, Downtown, major highways, schools, shopping, and public transportation. Its central El Paso setting and three-unit configuration provide a clearly defined multifamily layout for an income property buyer or an owner-occupant arrangement.
Key Highlights
- Three‑unit triplex at 3621 Taylor Avenue, El Paso, TX 79930
- 2,180 square feet on approximately 0.14 acres
- Fully occupied with units A, B, and C
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
$19,710
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
9.06%
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%
$394,200
$394.2K
Cap Rate 7%
$281,571
$281.6K
Cap Rate 9%
$219,000
$219.0K
Market Conditions
NOI Build-Up for 2,180 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
$29.6K $13.56/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$28.2K $12.92/SF
− OpEx
−$8.4K −$3.87/SF
NOI
$19.7K $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%
$394,200
Cap Rate 7%
$281,571
Cap Rate 9%
$219,000
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.5K
NOI $19,710 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$546.9K
$478.6K – $638.1K
NOI $38,284 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
498
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three individually accessed units offer separate layouts, assigned parking, and a low-maintenance brick exterior.
Where is this triplex located?
The property is located at 3621 Taylor Avenue El Paso, TX.
What is the asking price?
The asking price for this property is $217,500.
What are key features of this property?
This property features: Three‑unit triplex at 3621 Taylor Avenue, El Paso, TX 79930; 2,180 square feet on approximately 0.14 acres; Fully occupied with units A, B, and C
