Triplex with Rear
For Sale
$295,000
415 S Ochoa, El Paso, TX 79901
All three units are rented, including a two-bedroom main residence and two rear apartments.
Property Size1,140 SF
Price / SF$258.77
Days on Market169
Property Features for 415 S Ochoa
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Multi Family Home
Zoning
R5
Site & Location
Neighborhood
Southside Neighborhood Association
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,257
Building Details
Building Size
1,140 SF
Year Built
1936
Listing Agency:
Cardon Real Estate
(915) 593-8484
Listed By:
Fernie Jaquez
(915) 740-8847
Source:
Elpasorealestateco
Added: May 15
Changed: Oct 30
Last Checked: Oct 29 at 8:14PM
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 Cardon Real Estate
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Investment Insights
Based on property information with market context.
Built in 1936, this 1,140-square-foot triplex in downtown El Paso comprises a two-bedroom main house, an efficiency room, and two apartments at the rear. All units are rented, and the property is zoned R5.
At 415 S Ochoa, the property is described as close to shopping and Juarez, Mexico.
At 415 S Ochoa, the property is described as close to shopping and Juarez, Mexico.
Key Highlights
- Three units, all rented
- 1,140‑square‑foot property built in 1936
- Configuration includes a two‑bedroom main house, an efficiency room, and two rear apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,307
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,140
$206.1K
Cap Rate 7%
$147,243
$147.2K
Cap Rate 9%
$114,522
$114.5K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$15.5K $13.56/SF
− Vacancy
−$734 −$0.64/SF
EGI
$14.7K $12.92/SF
− OpEx
−$4.4K −$3.87/SF
NOI
$10.3K $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%
$206,140
Cap Rate 7%
$147,243
Cap Rate 9%
$114,522
Alternative Uses
Best Use
Multifamily LT 5
$147.2K
$128.8K – $171.8K
NOI $10,307 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$135.8K
$118.8K – $158.5K
NOI $9,507 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$286.0K
$250.3K – $333.7K
NOI $20,020 @ 7.0% cap · market cap 6.79%
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
3,305
Businesses Nearby
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Business Placement
Demographics for 79901, TX
10,027
Population
4,571
Households
2.2
Avg Household Size
40
Median Age
7%
College-Educated
46%
High-School Grad
2.2 sq mi
ZIP Area
4,558
Density / Sq Mi
$13,984
Median Household Income
$19,026
Median Earnings
$517
Median Rent
$93,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are rented, including a two-bedroom main residence and two rear apartments.
Where is this triplex located?
The property is located at 415 S Ochoa El Paso, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Three units, all rented; 1,140‑square‑foot property built in 1936; Configuration includes a two‑bedroom main house, an efficiency room, and two rear apartments
