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    421 Panahi Rd El Paso, TX 79927

    For Sale
    $380,000

    MULTI_FAMILY - Other - Socorro, TX

    Property size:
    2,862 SF
    Lot size:
    0.22 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 9 at 10:06 am

    Property Features for 421 Panahi Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    R1
    Rooms
    Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 5, Bathroom 8, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 4, Bathroom 6, Bedroom 2, Bedroom 4, Bathroom 7, Bedroom 1
    Bedrooms
    8
    Bathrooms
    6
    APN
    F80000202100280
    Interior features
    Ceiling Fan(s), Handicap Access
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Disposal, Exhaust Fan, Free-Standing Gas Oven
    Size
    2,862 SF
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Ceiling Fan(s), Evaporative Cooling

    Building Details

    Year built
    1987
    Floors in Building
    2
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Flat
    Architectural style
    Other

    Leon Real Estate (915) 726-7637 [email protected]

    Listing agent Jorge Daniel Leon (915) 667-1345

    Listing date Nov 13, 2025

    MLS# 933660 Listing URL

    Copyright © 2025 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.

    Overview

    Well-Maintained Socorro Fourplex For Sale

    This well-maintained fourplex is a solid income property located in a strong rental area. The property features two 1-story units, each with 2 bedrooms, 1 bathroom, and 591 square feet, and two 2-story units, each with 2 bedrooms, 1.5 bathrooms, and 840 square feet. Each unit includes tile flooring, washer/dryer hookups, a free-standing gas oven, and individual electric/gas meters. Central heating and evaporative cooling are in place. Situated between Socorro Rd and Alameda Ave in the Socorro Independent School District, the property benefits from steady rental demand and convenient access to schools, shops, and major routes. The property size is 2862 square feet and the lot size is 0.22 acres. The current gross income is approximately $36,000 per year, with potential to increase rents and maximize overall revenue. The owner is responsible for water and sewer expenses. The property's zoning is R1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -106.279561
    Latitude
    31.619816

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    FAQs

    What type of property is this?
    Quadplex - Income-generating fourplex in Socorro ISD with steady rental demand.
    Where is this quadplex located?
    The property is located at 421 Panahi Rd El Paso, TX.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: - Solid income property generating approximately $36,000 per year with potential for increased rents.; - Four-plex with a mix of unit sizes (two 1-story and two 2-story) offering diverse tenant appeal.; - Each unit includes washer/dryer hookups and individual electric/gas meters.
    (915) 667-1345
    Request Owner's contact information
    421 Panahi Rd El Paso, TX 79927
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    El Paso, TX 79927
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 Panahi Rd El Paso, TX 79927
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