5-Unit Apartment
New
For Sale
$250,000
11475 FAVILA Road, Socorro, TX 79927
Residential, Socorro, TX
Property Size2,067 SF
Lot Size0.23 Acres
Price / SF$120.95
Days on Market2
Property Features for 11475 FAVILA Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
A1
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1
Fireplace
1
Appliances
Convection Oven, Free-Standing Gas Oven, Gas Water Heater, Refrigerator
Subdivision
Friedman Estates
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
F80000202200090
Size
2,067 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
22 FRIEDMAN ESTATES #2 LOT 9 (10000 SQ FT)
Tax Annual Amount
4816
Legal Description
22 FRIEDMAN ESTATES #2 LOT 9 (10000 SQ FT)
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s)
Building Details
Year built
1992
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Block
Roof type
Flat
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Vision Realty
(915) 594-1012
Listed By:
Juanita Mendez
(915) 252-7899
Added: Oct 14
Last Checked: Oct 15 at 12:06PM
MLS# 952859
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 2,067-square-foot apartment property contains five units on a 0.23-acre lot. The mix includes two-bedroom apartments, one-bedroom apartments, and a studio. Unit features include tile flooring, ceramic showers, gas ranges, refrigerators, and a mini-split system in one apartment. One unit also has a fireplace. The property was built in 1992 and is zoned A1.
The units require some repairs, and the property’s utilities are served through a single meter.
The units require some repairs, and the property’s utilities are served through a single meter.
Key Highlights
- Five apartments, including one- and two‑bedroom layouts and a studio
- 2,067 square feet on a 0.23‑acre lot
- A1 zoning
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - The apartments include one- and two-bedroom layouts, plus a studio, with gas ranges 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, including one- and two‑bedroom layouts and a studio; 2,067 square feet on a 0.23‑acre lot; A1 zoning
