Triplex with Updated Building
For Sale
$250,000
3798 Obadiah Ln, El Paso, TX 79938
Three separate apartments include a one-bedroom layout and two two-bedroom layouts, with two units leased month-to-month.
Property Size1,872 SF
Price / SF$133.55
Days on Market25
Property Features for 3798 Obadiah Ln
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$20,400
Taxes and HOA fees
Annual Taxes
$4,086
Amenities
Mini-split heating and cooling systems
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
EXIT Southwest Realty
Listed By:
Candelaria Garcia · License #0803974
(915) 727-6050
Source:
Exprealty
Added: Sep 21
Changed: Oct 11
Last Checked: Oct 14 at 11:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT Southwest Realty
Investment Insights
Based on property information with market context.
This 1,872-square-foot triplex at 3798 Obadiah Ln in El Paso contains three apartments: one with one bedroom and one bath, plus two with two bedrooms and one bath each. Units A and B are leased month-to-month; Unit C is vacant. Improvements include a new roof, mini-split heating and cooling in all three apartments, a 200-amp electrical panel, fresh exterior paint, and a remodeled bathroom in Unit C. The septic tank has been cleaned and serviced.
Key Highlights
- 1,872‑square‑foot triplex with three apartments
- Unit mix: one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units
- Units A and B are leased month‑to‑month; Unit C is vacant
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.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 separate apartments include a one-bedroom layout and two two-bedroom layouts, with two units leased month-to-month.
Where is this triplex located?
The property is located at 3798 Obadiah Ln 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: 1,872‑square‑foot triplex with three apartments; Unit mix: one 1‑bedroom, 1‑bath unit and two 2‑bedroom, 1‑bath units; Units A and B are leased month‑to‑month; Unit C is vacant
