Two-Building
For Sale
$574,950
401 Borrego Road, San Elizario, TX 79849
MULTI_FAMILY - San Elizario, TX
Property Size3,428 SF
Lot Size0.24 Acres
Price / SF$167.72
Days on Market238
Property Features for 401 Borrego Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning
R4
Parking
4
Subdivision
Mission Trail Estates
Elementary school
Lorenzo G Alarcon
Middle school
Garcia Enriquez
High school
Sanelizar
Elementary school district
San Elizar
Middle school district
San Elizar
High school district
San Elizar
Standard status
Active
APN
M58100002201000
Size
3,428 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22 MISSION TRAIL ESTATES LOT 10 (20906.09 SQ FT)
Tax Annual Amount
441
Legal Description
22 MISSION TRAIL ESTATES LOT 10 (20906.09 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
2025
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Flat
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Fabian Sanchez
(915) 497-3402
Added: Dec 6, 2025
Changed: Jul 18
Last Checked: Aug 1 at 8:06AM
MLS# 934704
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.
Investment Insights
Based on property information with market context.
This for-sale property is a newly constructed quadplex configured as two separate buildings, with two spacious units in each building. The total property size is 3,428 square feet on a 0.24-acre lot, positioned for straightforward residential income ownership. The layout is designed around functional, comfortable living for tenants in four distinct units.
Located at 401 Borrego Road in San Elizario, Texas, the property benefits from convenient access to everyday needs, including local restaurants, schools, parks, and coffee shops. The surrounding area includes expanding neighboring communities, supporting practical connectivity to established services.
With R4 zoning, this four-unit setup can fit investors or owner-operators seeking a small multifamily asset in a residential income format. The two-building configuration provides a compact footprint for managing four units while maintaining a clean, purpose-built arrangement for occupancy.
Located at 401 Borrego Road in San Elizario, Texas, the property benefits from convenient access to everyday needs, including local restaurants, schools, parks, and coffee shops. The surrounding area includes expanding neighboring communities, supporting practical connectivity to established services.
With R4 zoning, this four-unit setup can fit investors or owner-operators seeking a small multifamily asset in a residential income format. The two-building configuration provides a compact footprint for managing four units while maintaining a clean, purpose-built arrangement for occupancy.
Key Highlights
- Brand‑new construction quadruplex (two buildings with two units each).
- Located in the rapidly growing community of San Elizario.
- Investment opportunity with long‑term value potential.
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 | $43.2k | $12.60 |
| − Vacancy | −$2.6k | −$0.75 |
| EGI | $40.6k | $11.85 |
| − OpEx | −$12.2k | −$3.55 |
| NOI | $28.4k | $8.29 |
3,428 SF · lease $12.60/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$619.5K
$542.1K – $722.8K
NOI $43,366 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 79849, TX
14,310
Population
4,182
Households
3.4
Avg Household Size
31
Median Age
5%
College-Educated
60%
High-School Grad
13.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$45,067
Median Household Income
$26,216
Median Earnings
$878
Median Rent
$104,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Newly constructed quadplex with four units split across two buildings, designed for residential income use in R4 zoning.
Where is this quadplex located?
The property is located at 401 Borrego Road San Elizario, TX.
What is the asking price?
The asking price for this property is $574,950.
What are key features of this property?
This property features: Brand‑new construction quadruplex (two buildings with two units each).; Located in the rapidly growing community of San Elizario.; Investment opportunity with long‑term value potential.
