Turnkey Quadplex
For Sale
$560,000
10822 IVANHOE Drive, El Paso, TX 79935
MULTI_FAMILY - El Paso, TX
Property Size4,144 SF
Lot Size0.21 Acres
Price / SF$135.14
Days on Market52
Property Features for 10822 IVANHOE Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
AO
Appliances
Washer, Refrigerator, Dryer, Dishwasher
Subdivision
Pebble Hills
Elementary school
Rel Washington
Middle school
Hanks
High school
Hanks
Elementary school district
Ysleta
Middle school district
Ysleta
High school district
Ysleta
Standard status
Active
APN
P65499904701300
Size
4,144 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
47 PEBBLE HILLS #4 REPLAT B LOT 3 (9339.26 SQ FT)
Tax Annual Amount
12428
Legal Description
47 PEBBLE HILLS #4 REPLAT B LOT 3 (9339.26 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1979
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Brick
Roof type
Composition
Listing Agency:
The WAR Team
(915) 255-2577
Listed By:
Gabriela Caballero
(915) 333-9589
Added: Jun 11
Changed: Jul 18
Last Checked: Aug 1 at 4:06AM
MLS# 945712
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 turnkey quadplex offers four separate residential units, each configured with 2 bedrooms and 1.5 bathrooms. The property is listed as a residential income asset and totals 4 units across approximately 4,144 square feet, situated on a 0.21-acre lot.
Located at 10822 Ivanhoe Drive in El Paso, Texas 79935, the property is zoned AO. The listing notes long-term tenants are in place, which may be relevant for investors or buyers seeking an income-producing residential structure.
For prospective buyers looking for a manageable small multifamily holding, the consistent unit mix can simplify marketing and leasing. With two-bedroom floorplans and 1.5-bath layouts in all units, the property may appeal to households seeking additional space while staying within a compact quadplex footprint. Zoning AO may also be a key factor for determining how the property is positioned for continued residential use under current local requirements.
Located at 10822 Ivanhoe Drive in El Paso, Texas 79935, the property is zoned AO. The listing notes long-term tenants are in place, which may be relevant for investors or buyers seeking an income-producing residential structure.
For prospective buyers looking for a manageable small multifamily holding, the consistent unit mix can simplify marketing and leasing. With two-bedroom floorplans and 1.5-bath layouts in all units, the property may appeal to households seeking additional space while staying within a compact quadplex footprint. Zoning AO may also be a key factor for determining how the property is positioned for continued residential use under current local requirements.
Key Highlights
- Price reduced to $560,000 for a quadruplex at 10822 Ivanhoe Dr
- Quadruplex with 4 units; each unit features 2 bedrooms and 1.5 bathrooms
- Long‑term tenants in place
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.2k | $13.56 |
| − Vacancy | −$2.7k | −$0.64 |
| EGI | $53.5k | $12.92 |
| − OpEx | −$16.1k | −$3.87 |
| NOI | $37.5k | $9.04 |
4,144 SF · lease $13.56/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$535.2K
$468.3K – $624.4K
NOI $37,466 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$493.7K
$432.0K – $576.0K
NOI $34,557 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.04M
$909.7K – $1.21M
NOI $72,774 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 79935, TX
17,534
Population
7,165
Households
2.4
Avg Household Size
38
Median Age
28%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
5,010
Density / Sq Mi
$65,000
Median Household Income
$32,377
Median Earnings
$1,070
Median Rent
$194,700
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 income property with two-bedroom, 1.5-bath layouts in El Paso, TX.
Where is this quadplex located?
The property is located at 10822 IVANHOE Drive El Paso, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Price reduced to $560,000 for a quadruplex at 10822 Ivanhoe Dr; Quadruplex with 4 units; each unit features 2 bedrooms and 1.5 bathrooms; Long‑term tenants in place
