Turnkey Quadplex
10822 IVANHOE Drive El Paso, TX 79935
10822 IVANHOE Drive, El Paso, TX, 79935
$560,000
For Sale
$560,000
MULTI_FAMILY - El Paso, TX
Property Size4,144 SF
Lot Size0.21 Acres
Price / SF$135.14
Days on Market38
Property Features for 10822 IVANHOE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- AO
- Appliances
- Washer, Refrigerator, Dryer, Dishwasher
- 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
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
4707 Montana Ave Ste 203, El Paso, TX
Listed by
Gabriela Caballero
(915) 333-9589
Added: Jun 11 Checked: Jul 18 at 7:06 am
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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
