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    Four-Unit Quadruplex Property Title is generated by Realmo AI

    10822 IVANHOE Drive, El Paso, TX 79935

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    Claim this Listing
    New
    For Sale
    $600,000

    MULTI_FAMILY - El Paso, TX

    Property size:
    4,144 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 11, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 15 at 9:06 am

    Property Features for 10822 IVANHOE Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    AO
    Appliances
    Washer, Refrigerator, Dryer, Dishwasher
    Standard status
    Active
    APN
    P65499904701300
    Size
    4,144 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    47 PEBBLE HILLS #4 REPLAT B LOT 3 (9339.26 SQ FT)
    Tax Annual Amount
    12428

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1979
    Number of units
    4
    Flooring type
    Tile - Ceramic
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Gabriela Caballero

    Listing agent Gabriela Caballero

    Listing office The WAR Team 4707 Montana Ave Ste 203, El Paso, TX

    Listing date Jun 11, 2026

    MLS# 945712

    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.

    HighLights

    • Quadruplex at 10822 Ivanhoe Dr with 4 units
    • Unit mix: four units, each with 2 bedrooms and 1.5 bathrooms
    • Built in 1979 with brick construction and a composition roof
    • Forced‑air heating and ceiling fan cooling
    • Ceramic tile flooring
    • Appliances included: washer, dryer, refrigerator, and dishwasher

    Overview

    This property is a four-unit quadruplex configured as four separate residential units, each offering two bedrooms and 1.5 bathrooms. The total building size is 4,144 square feet, situated on a 0.21-acre lot. Zoning is listed as AO, supporting residential income use in accordance with local regulations.

    Located at 10822 Ivanhoe Drive in El Paso, Texas 79935, the building is positioned in the East El Paso area. It presents a straightforward small-multifamily format for buyers seeking a manageable number of units under one roof.

    With four residential units and repeating two-bedroom/1.5-bath layouts, this quadplex can be a practical fit for investors evaluating a compact income property. Prospective owners should review the AO zoning details and confirm all allowable uses and requirements with the City of El Paso, along with local permitting and any unit-level operating considerations.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $56.2k $13.56
    − Vacancy −$2.7k −$0.64
    EGI $53.5k $12.92
    − OpEx −$16.1k −$3.87
    NOI $37.5k $9.04
    4,144 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $535.2K
    $468.3K – $624.4K (±1% cap)
    NOI $37,466 @ 7.0% cap · market cap 6.24%
    Second Best
    Apartment 5plus
    $493.7K
    $432.0K – $576.0K (±1% cap)
    NOI $34,557 @ 7.0% cap · market cap 5.76%
    Theoretical Best
    Office A
    $1.04M
    $909.7K – $1.21M (±1% cap)
    NOI $72,774 @ 7.0% cap · market cap 12.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.324266
    Latitude
    31.785828

    FAQs

    What type of property is this?
    Quadplex - Four-unit quadruplex with two-bedroom, 1.5-bath layouts in East El Paso.
    Where is this quadplex located?
    The property is located at 10822 IVANHOE Drive El Paso, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Quadruplex at 10822 Ivanhoe Dr with 4 units; Unit mix: four units, each with 2 bedrooms and 1.5 bathrooms; Built in 1979 with brick construction and a composition roof
    More about this property
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