Renovated
10284 Nirmal Drive, Socorro, TX 79927
For Sale
$285,999
Three residential units include a three-bedroom home and two studios, with commercial C1 zoning.
Property Size1,856 SF
Price / SF$154.09
Days on Market238
Property Features for 10284 Nirmal Drive
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Revolve Realty, LLC
(915) 500-9549
Listed By:
Luis Hernandez
(915) 329-6691
Source:
Elpasorealestateco
Added: Mar 18
Changed: Nov 10
Last Checked: Nov 9 at 4:11PM
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 Revolve Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,856-square-foot triplex, built in 1986, contains a main residence and two studio units. The main home has three bedrooms, one bathroom, and an open living area. Each studio is equipped with a kitchenette and private bathroom. Shared utilities serve the property.
Reported updates include the roof, electrical and plumbing systems, HVAC, windows, doors, and interior finishes. The property is zoned C1.
Reported updates include the roof, electrical and plumbing systems, HVAC, windows, doors, and interior finishes. The property is zoned C1.
Key Highlights
- 1,856‑square‑foot triplex with three units
- Main residence has 3 bedrooms, 1 bathroom, and an open living area
- Two studios, each with a kitchenette and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,391
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,820
$307.8K
Cap Rate 7%
$219,871
$219.9K
Cap Rate 9%
$171,011
$171.0K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$23.4K $12.60/SF
− Vacancy
−$1.4K −$0.75/SF
EGI
$22.0K $11.85/SF
− OpEx
−$6.6K −$3.55/SF
NOI
$15.4K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,820
Cap Rate 7%
$219,871
Cap Rate 9%
$171,011
Alternative Uses
Best Use
Multifamily LT 5
$219.9K
$192.4K – $256.5K
NOI $15,391 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$201.7K
$176.5K – $235.3K
NOI $14,118 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$335.4K
$293.5K – $391.3K
NOI $23,479 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 79927, TX
40,290
Population
14,284
Households
2.8
Avg Household Size
35
Median Age
10%
College-Educated
70%
High-School Grad
27.4 sq mi
ZIP Area
1,470
Density / Sq Mi
$51,735
Median Household Income
$30,738
Median Earnings
$1,070
Median Rent
$125,300
Median Home Value
Market
Average Price Trend$/SF for Triplexes in El Paso County, TX
Properties on Market for Triplexes in El Paso County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a three-bedroom home and two studios, with commercial C1 zoning.
Where is this triplex located?
The property is located at 10284 Nirmal Drive Socorro, TX.
What is the asking price?
The asking price for this property is $285,999.
What are key features of this property?
This property features: 1,856‑square‑foot triplex with three units; Main residence has 3 bedrooms, 1 bathroom, and an open living area; Two studios, each with a kitchenette and private bathroom
