Updated Quadplex with Unit
For Sale
$310,000
10540 Socorro Road, Socorro, TX 79927
Residential Income, Socorro, TX
Property Size3,710 SF
Lot Size0.33 Acres
Price / SF$83.56
Days on Market217
Property Features for 10540 Socorro Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R2
Appliances
Water Heater, Microwave, Free-Standing Gas Oven
Subdivision
Socorro
Elementary school
Campestre
Middle school
Socorrom
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
380096
Size
3,710 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23 SOCORRO TR 2 (HISTORICAL DISTRICT) (0.33 AC)
Tax Annual Amount
7884
Legal Description
23 SOCORRO TR 2 (HISTORICAL DISTRICT) (0.33 AC)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Varies by Unit, Window Unit(s), Evaporative Cooling
Building Details
Year built
1965
Number of units
4
Flooring type
Laminate, Tile, Carpet
Building materials
Stucco
Roof type
Rolled Hot Mop, Flat, Shingle
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Tim Rich
(915) 256-8444
Added: Jan 20
Changed: Aug 19
Last Checked: Aug 25 at 2:06AM
MLS# 936846
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 3,710-square-foot quadplex contains four residential units with a varied configuration: one four-bedroom unit with a 3/4 bath, one one-bedroom unit with a 3/4 bath, one two-bedroom unit with a 3/4 bath, and a studio with a 3/4 bath. The four-bedroom unit has updated interiors and refrigerated air. Property improvements include stucco construction, laminate, tile, and carpet flooring, plus water heaters, microwaves, and free-standing gas ovens. Heating includes forced air and central systems, while cooling varies by unit and includes window and evaporative equipment.
Built in 1965 on a 0.33-acre lot, the property is served by public sewer and features a combination of flat, shingle, and rolled hot-mop roofing. The address is in Socorro, El Paso County, Texas, within ZIP Code 79927.
Built in 1965 on a 0.33-acre lot, the property is served by public sewer and features a combination of flat, shingle, and rolled hot-mop roofing. The address is in Socorro, El Paso County, Texas, within ZIP Code 79927.
Key Highlights
- Four residential units with four‑bedroom, one‑bedroom, two‑bedroom, and studio layouts
- 3,710 square feet on a 0.33‑acre lot
- Four‑bedroom unit includes updated interiors and refrigerated air
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
$28,220
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
9.10%
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%
$564,400
$564.4K
Cap Rate 7%
$403,143
$403.1K
Cap Rate 9%
$313,556
$313.6K
Market Conditions
NOI Build-Up for 3,710 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
$54.8K $14.76/SF
− Vacancy
−$3.4K −$0.93/SF
EGI
$51.3K $13.83/SF
− OpEx
−$23.1K −$6.22/SF
NOI
$28.2K $7.61/SF
Area
El Paso County, TX
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
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%
$564,400
Cap Rate 7%
$403,143
Cap Rate 9%
$313,556
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.6K – $512.8K
NOI $30,765 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$403.1K
$352.8K – $470.3K
NOI $28,220 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 15.14%
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
69
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with varied layouts, public sewer, and a combination of central, forced-air, window, and evaporative cooling.
Where is this quadplex located?
The property is located at 10540 Socorro Road Socorro, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Four residential units with four‑bedroom, one‑bedroom, two‑bedroom, and studio layouts; 3,710 square feet on a 0.33‑acre lot; Four‑bedroom unit includes updated interiors and refrigerated air
