Three-Home Triplex
For Sale
$599,900
7413 Lenox Court, El Paso, TX 79912
Three residences have individual kitchens and private entrances, with shared utilities serving the property.
Property Size3,659 SF
Lot Size0.25 Acres
Price / SF$163.95
Days on Market14
Property Features for 7413 Lenox Court
General Information
Standard status
Active
Size
3,659 SF
Total Parking Spaces
6
Lot size
0.25 Acres
Property subtype
Multi Family Home
Zoning
R3
Site & Location
Neighborhood
Upper Valley Neighborhood Association
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,974
Amenities
sunroom
storage
balcony
mature shade and fruit trees
koi pond
covered patio
pergola
outdoor fireplace
above-ground pool
Building Details
Building Size
3,659 SF
Year Built
1984
Buildings
3
Stories
1
Units
3
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Yaramin Loya
(915) 801-1439
Source:
Elpasorealestateco
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 26 at 3:46AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This R3-zoned triplex property contains three house-sized residences totaling 3,659 square feet on approximately 0.25 acres. Built in 1984, the property includes shared utilities and covered parking for up to six vehicles. Each residence has its own kitchen, bedrooms, bathrooms, and private entrance. The main home offers three bedrooms, two bathrooms, a sunroom, and storage. A second residence has two bedrooms and two bathrooms; the two-story converted garage contains three bedrooms, two bathrooms, and a balcony.
Outdoor features include mature shade and fruit trees, a koi pond, covered patio, pergola, outdoor fireplace, and above-ground pool. The varied layouts and separate entrances provide distinct residential spaces within one property.
Outdoor features include mature shade and fruit trees, a koi pond, covered patio, pergola, outdoor fireplace, and above-ground pool. The varied layouts and separate entrances provide distinct residential spaces within one property.
Key Highlights
- Three residences totaling 3,659 square feet on approximately 0.25 acres
- R3 zoning; built in 1984
- Main residence has 3 bedrooms, 2 bathrooms, a sunroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,667
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,340
$673.3K
Cap Rate 7%
$480,957
$481.0K
Cap Rate 9%
$374,078
$374.1K
Market Conditions
NOI Build-Up for 3,659 SF
Gross rent
$50.5K $13.80/SF
− Vacancy
−$2.4K −$0.66/SF
EGI
$48.1K $13.14/SF
− OpEx
−$14.4K −$3.94/SF
NOI
$33.7K $9.20/SF
Area
ZIP 79912
Vacancy
4.75%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,340
Cap Rate 7%
$480,957
Cap Rate 9%
$374,078
Alternative Uses
Best Use
Multifamily LT 5
$481.0K
$420.8K – $561.1K
NOI $33,667 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$442.5K
$387.2K – $516.2K
NOI $30,972 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$774.1K
$677.4K – $903.2K
NOI $54,189 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
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Business Placement
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
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 - Three residences have individual kitchens and private entrances, with shared utilities serving the property.
Where is this triplex located?
The property is located at 7413 Lenox Court El Paso, TX.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three residences totaling 3,659 square feet on approximately 0.25 acres; R3 zoning; built in 1984; Main residence has 3 bedrooms, 2 bathrooms, a sunroom, and storage
