Triplex with Leased
For Sale
$315,000
3905 Leavell Ave, El Paso, TX 79904
Three-unit income property with two leased units and seller-paid utilities, Wi-Fi, and security equipment.
Property Size1,924 SF
Price / SF$163.72
Days on Market239
Property Features for 3905 Leavell Ave
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,352
Listing Agency:
The Real Estate Agency
Listed By:
Blanca Cecilia Alvidrez · License #0781590
(915) 241-4940
Source:
Exprealty
Added: Feb 18
Changed: Oct 3
Last Checked: Oct 13 at 1:36AM
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 The Real Estate Agency
Investment Insights
Based on property information with market context.
This 1,924-square-foot triplex at 3905 Leavell Ave in El Paso, Texas includes three residential units, with two currently leased. The property is configured as a rental asset, and the main house is identified as having additional rental potential.
The seller currently covers all utilities, along with Wi-Fi service and Ring floodlights and cameras. These operating details, combined with existing leases, provide a clear overview of the property’s current rental arrangement.
The seller currently covers all utilities, along with Wi-Fi service and Ring floodlights and cameras. These operating details, combined with existing leases, provide a clear overview of the property’s current rental arrangement.
Key Highlights
- 1,924‑square‑foot triplex in El Paso, Texas
- Two of the three units are currently leased
- Main house identified as having additional rental potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,395
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,900
$347.9K
Cap Rate 7%
$248,500
$248.5K
Cap Rate 9%
$193,278
$193.3K
Market Conditions
NOI Build-Up for 1,924 SF
Gross rent
$26.1K $13.56/SF
− Vacancy
−$1.2K −$0.64/SF
EGI
$24.9K $12.92/SF
− OpEx
−$7.5K −$3.87/SF
NOI
$17.4K $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%
$347,900
Cap Rate 7%
$248,500
Cap Rate 9%
$193,278
Alternative Uses
Best Use
Multifamily LT 5
$248.5K
$217.4K – $289.9K
NOI $17,395 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$229.2K
$200.6K – $267.4K
NOI $16,044 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$482.7K
$422.4K – $563.1K
NOI $33,788 @ 7.0% cap · market cap 10.73%
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
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 79904, TX
31,491
Population
13,571
Households
2.3
Avg Household Size
33
Median Age
14%
College-Educated
78%
High-School Grad
12.0 sq mi
ZIP Area
2,624
Density / Sq Mi
$40,892
Median Household Income
$28,775
Median Earnings
$1,017
Median Rent
$117,400
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-unit income property with two leased units and seller-paid utilities, Wi-Fi, and security equipment.
Where is this triplex located?
The property is located at 3905 Leavell Ave El Paso, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,924‑square‑foot triplex in El Paso, Texas; Two of the three units are currently leased; Main house identified as having additional rental potential
