Remodeled Two-Unit
For Sale
$198,000
Pending
10290 Pritam Drive, Socorro, TX 79927
Residential Income, Socorro, TX
Property Size1,536 SF
Lot Size0.14 Acres
Days on Market48
Property Features for 10290 Pritam Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3
Appliances
Washer Hookup, Vented Exhaust Fan, Refrigerator, Free-Standing Gas Oven
Subdivision
Gurdev
Elementary school
Hilley
Middle school
Salvador Sanchez
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Pending
APN
G99000000040018
Size
1,536 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
4 GURDEV LOT 18 (6000 SQ FT)
Tax Annual Amount
4700
Legal Description
4 GURDEV LOT 18 (6000 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Amenities
refrigerated air
Building Details
Year built
1984
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Stucco
Roof type
Shingle
Listing Agency:
Home Pros Real Estate Group
(915) 585-8806
Listed By:
Marizabel Z Serrano
(915) 444-2822
Added: Aug 7
Changed: Sep 17
Last Checked: Sep 23 at 6:06PM
MLS# 949014
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 duplex contains two residences with matching floor plans, totaling 1,536 square feet on a 0.14-acre lot. Each unit includes two bedrooms and one bathroom. One residence has been remodeled, while the other has been occupied by the same tenant for more than 30 years. Both units have refrigerated air, and the property includes gas ovens, refrigerators, washer hookups, forced-air heating, carpet and laminate flooring, stucco construction, and a shingle roof.
Built in 1984, the property is served by public sewer and carries R3 zoning. The address is in Socorro, Texas, within El Paso County. One unit is available for viewing, while the occupied residence should not be disturbed.
Built in 1984, the property is served by public sewer and carries R3 zoning. The address is in Socorro, Texas, within El Paso County. One unit is available for viewing, while the occupied residence should not be disturbed.
Key Highlights
- Two‑unit duplex with matching two‑bedroom, one‑bath floor plans
- 1,536‑square‑foot property on a 0.14‑acre lot
- One residence has been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,737
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,740
$254.7K
Cap Rate 7%
$181,957
$182.0K
Cap Rate 9%
$141,522
$141.5K
Market Conditions
NOI Build-Up for 1,536 SF
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.
Gross rent
$19.4K $12.60/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$18.2K $11.85/SF
− OpEx
−$5.5K −$3.55/SF
NOI
$12.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,740
Cap Rate 7%
$181,957
Cap Rate 9%
$141,522
Alternative Uses
Best Use
Multifamily LT 5
$182.0K
$159.2K – $212.3K
NOI $12,737 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$166.9K
$146.1K – $194.7K
NOI $11,684 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$277.6K
$242.9K – $323.9K
NOI $19,431 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one updated residence and an established occupant in the second unit.
Where is this duplex located?
The property is located at 10290 Pritam Drive Socorro, TX.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Two‑unit duplex with matching two‑bedroom, one‑bath floor plans; 1,536‑square‑foot property on a 0.14‑acre lot; One residence has been remodeled
