11531 ERNEST Road Socorro, TX 79927
MULTI_FAMILY - Socorro, TX
Property Features for 11531 ERNEST Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Appliances
- Washer, Free-Standing Gas Oven, Dryer
- Standard status
- Active
- APN
- F80000100030018
- Size
- 2,244 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 3 FRIEDMAN ESTATES #1 LOT 18 (7500 SQ FT)
- Tax Annual Amount
- 7975
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
Building Details
- Year built
- 1987
- Number of units
- 3
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Cristina Moreno (915) 494-7233
Listing office The Broker Sponsor Corporation 1605 George Dieter Ste 303-671, El Paso, TX (915) 252-9877
Listing date Oct 9, 2025
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.
Key Highlights
- Investment property triplex.
- Enjoy refrigerated air conditioning.
- No carpet throughout.
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 | $28.3k | $12.60 |
| − Vacancy | −$1.7k | −$0.75 |
| EGI | $26.6k | $11.85 |
| − OpEx | −$8.0k | −$3.55 |
| NOI | $18.6k | $8.29 |
