Triplex With Updated
For Sale
$250,000
3798 OBADIAH Lane, El Paso, TX 79938
Residential Income, El Paso, TX
Property Size1,872 SF
Lot Size0.34 Acres
Price / SF$133.55
Days on Market17
Property Features for 3798 OBADIAH Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1
Appliances
Refrigerator, Gas Water Heater, Free-Standing Gas Oven
Subdivision
Tillicum
Elementary school
Montanav
Middle school
East Montana
High school
Mountainv
Elementary school district
Clint
Middle school district
Clint
High school district
Clint
Standard status
Active
APN
T45000000200100
Size
1,872 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
2 TILLICUM ESTATES LOT 1 (14810.4000 SQ FT)
Tax Annual Amount
4086
Legal Description
2 TILLICUM ESTATES LOT 1 (14810.4000 SQ FT)
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Multi Units, Ceiling Fan(s)
Building Details
Year built
1987
Number of units
3
Building materials
Stucco
Roof type
Shingle, Composition
Listing Agency:
EXIT Southwest Realty
(915) 202-1180
Listed By:
Candelaria Garcia · License #0803974
(915) 727-6050
Added: Sep 21
Changed: Sep 24
Last Checked: Oct 7 at 7:06AM
MLS# 951529
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 1,872-square-foot triplex, built in 1987, includes one one-bedroom, one-bath unit and two two-bedroom, one-bath units. Two units are leased month-to-month, while the third is vacant. Recent work includes a replacement roof, mini-split heating and cooling systems throughout, a 200-amp electrical panel, fresh exterior paint, and a remodeled bathroom in Unit C.
The 0.34-acre property is served by a septic tank that has recently been cleaned and serviced. Additional features include stucco construction, shingle and composition roofing, electric heat, ceiling fans, refrigerators, gas water heaters, and freestanding gas ovens. The property is zoned R1 and located in El Paso, Texas.
The 0.34-acre property is served by a septic tank that has recently been cleaned and serviced. Additional features include stucco construction, shingle and composition roofing, electric heat, ceiling fans, refrigerators, gas water heaters, and freestanding gas ovens. The property is zoned R1 and located in El Paso, Texas.
Key Highlights
- Three‑unit layout: one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units
- 1,872 square feet on a 0.34‑acre lot
- Built in 1987; zoned R1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,857
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,140
$457.1K
Cap Rate 7%
$326,529
$326.5K
Cap Rate 9%
$253,967
$254.0K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$34.1K $18.24/SF
− Vacancy
−$1.5K −$0.80/SF
EGI
$32.7K $17.44/SF
− OpEx
−$9.8K −$5.23/SF
NOI
$22.9K $12.21/SF
Area
ZIP 79938
Vacancy
4.37%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,140
Cap Rate 7%
$326,529
Cap Rate 9%
$253,967
Alternative Uses
Best Use
Multifamily LT 5
$326.5K
$285.7K – $381.0K
NOI $22,857 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.9K
NOI $20,391 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$469.6K
$410.9K – $547.9K
NOI $32,875 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
Demographics for 79938, TX
96,353
Population
29,818
Households
3.2
Avg Household Size
29
Median Age
28%
College-Educated
85%
High-School Grad
390.2 sq mi
ZIP Area
247
Density / Sq Mi
$75,801
Median Household Income
$40,528
Median Earnings
$1,433
Median Rent
$199,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with flexible occupancy, recent improvements, and R1 zoning.
Where is this triplex located?
The property is located at 3798 OBADIAH Lane El Paso, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three‑unit layout: one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units; 1,872 square feet on a 0.34‑acre lot; Built in 1987; zoned R1
