Triplex With Updated
3798 OBADIAH Lane, El Paso, TX 79938
For Sale
$250,000
Residential Income, El Paso, TX
Property Size1,872 SF
Lot Size0.34 Acres
Price / SF$133.55
Days on Market54
Property Features for 3798 OBADIAH Lane
General Information
Property type
Property subtype
Zoning
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
EXIT Southwest Realty
(915) 202-1180
Listed By:
Candelaria Garcia · License TX #0803974
(915) 727-6050
Added: Sep 21
Changed: Oct 28
Last Checked: Nov 13 at 11:06PM
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.
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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.
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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
$199,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in El Paso, TX
Properties on Market for Triplexes in El Paso
Vacancy Rate% for Multifamily in South region
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
