4-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 Market266
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
Central, Forced Air
Cooling system
Window Unit(s), Evaporative Cooling, Varies by Unit
Building Details
Year built
1965
Number of units
4
Flooring type
Tile, Carpet, Laminate
Building materials
Stucco
Roof type
Shingle, Rolled Hot Mop, Flat
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Tim Rich
(915) 256-8444
Added: Jan 20
Changed: Oct 6
Last Checked: Oct 13 at 12:06PM
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 residences: a four-bedroom unit, a two-bedroom unit, a one-bedroom unit, and a studio. Each apartment has a three-quarter bath. The largest unit has refrigerated air; cooling across the property also includes window units and evaporative cooling. The 1965 building has stucco construction, with tile, carpet, and laminate flooring. Heating is central or forced air, and the property connects to public sewer.
The parcel measures 0.33 acres. Roof materials include shingle, rolled hot mop, and flat roofing.
The parcel measures 0.33 acres. Roof materials include shingle, rolled hot mop, and flat roofing.
Key Highlights
- Four residences: 4‑bedroom, 2‑bedroom, 1‑bedroom, and studio layouts
- Each apartment includes a 3/4 bath
- 3,710 square feet on a 0.33‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,220
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Apartment layouts range from a studio to a four-bedroom unit, with cooling systems that differ by residence.
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 residences: 4‑bedroom, 2‑bedroom, 1‑bedroom, and studio layouts; Each apartment includes a 3/4 bath; 3,710 square feet on a 0.33‑acre parcel
