5-Unit Apartment
For Sale
$250,000
11475 Favila Road, Socorro, TX 79927
Five apartments offer a mix of one- and two-bedroom layouts, including a studio, with appliances in several units.
Property Size2,067 SF
Price / SF$120.95
Days on Market12
Property Features for 11475 Favila Road
General Information
Standard status
Active
Size
2,067 SF
Property subtype
Multi Family Home
Zoning
A1
Property Condition
Severity
Repairs Needed
Evidence
In need of some repairs.
Additional Details
Utilities to Site
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,816
Building Details
Building Size
2,067 SF
Year Built
1992
Stories
1
Listing Agency:
El Paso Real Estate Company
Listed By:
Al Jurado · License #0410918
(915) 630-8373
Source:
Elpasorealestateco
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of El Paso Real Estate Company
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Investment Insights
Based on property information with market context.
This 2,067-square-foot apartment property contains five units: three with two bedrooms, one with a single bedroom, and a studio. Unit features include ceramic showers, ceramic tile flooring, gas stoves, and refrigerators; one apartment also has a mini-split system, and another has a fireplace. The property needs some repairs, and all utilities are connected to a single meter.
The layout supports occupancy of one apartment while the other four are rented, with one unit identified for remodeling. The site is near Socorro Road and Passmore Road and is zoned A1. Built in 1992.
The layout supports occupancy of one apartment while the other four are rented, with one unit identified for remodeling. The site is near Socorro Road and Passmore Road and is zoned A1. Built in 1992.
Key Highlights
- Five apartments: three two‑bedroom units, one one‑bedroom unit, and one studio
- 2,067 square feet; built in 1992
- Four units identified as rentable, with one additional unit needing remodeling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,723
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,460
$314.5K
Cap Rate 7%
$224,614
$224.6K
Cap Rate 9%
$174,700
$174.7K
Market Conditions
NOI Build-Up for 2,067 SF
Gross rent
$30.5K $14.76/SF
− Vacancy
−$1.9K −$0.93/SF
EGI
$28.6K $13.83/SF
− OpEx
−$12.9K −$6.22/SF
NOI
$15.7K $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%
$314,460
Cap Rate 7%
$224,614
Cap Rate 9%
$174,700
Alternative Uses
Best Use
Apartment 5plus
$224.6K
$196.5K – $262.1K
NOI $15,723 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
111
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments offer a mix of one- and two-bedroom layouts, including a studio, with appliances in several units.
Where is this apartment building located?
The property is located at 11475 Favila Road Socorro, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five apartments: three two‑bedroom units, one one‑bedroom unit, and one studio; 2,067 square feet; built in 1992; Four units identified as rentable, with one additional unit needing remodeling
