Corner-Lot
For Sale
$220,000
11548 JENNY Road, Socorro, TX 79927
Residential Income, Socorro, TX
Property Size2,060 SF
Lot Size0.12 Acres
Price / SF$106.80
Days on Market120
Property Features for 11548 JENNY Road
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1
Parking features
Covered
Appliances
Washer Hookup, Refrigerator, Range Hood, Microwave, Free-Standing Gas Oven
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
F80000100080001
Size
2,060 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
8 FRIEDMAN ESTATES #1 1 & ELY PT OF 2 BEG 20 S OF NEC (5.00 X 57.00) (5394.00 SQ FT)
Tax Annual Amount
5045
Legal Description
8 FRIEDMAN ESTATES #1 1 & ELY PT OF 2 BEG 20 S OF NEC (5.00 X 57.00) (5394.00 SQ FT)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Multi Units
Building Details
Year built
1982
Number of units
3
Flooring type
Tile, Vinyl
Building materials
Stucco
Roof type
Shingle
Listing Agency:
The Right Move Real Estate Gro
(915) 253-1966
Listed By:
Linda Moreno · License #0695396
(915) 850-5848
Added: May 13
Changed: Sep 4
Last Checked: Sep 9 at 7:06PM
MLS# 943925
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 2,060-square-foot triplex contains three distinct living areas on a 0.12-acre corner lot. The unit mix includes a studio with a kitchen and restroom, a two-bedroom residence with one bathroom, and a one-bedroom residence with one bathroom. Covered parking areas and a walled perimeter are additional site features.
Built in 1982, the property has stucco construction, tile and vinyl flooring, multi-unit cooling, a shingle roof, public sewer, and natural gas availability. The property is zoned R1 and is positioned for access to main roads, shopping, dining, and schools. Appliances and hookups include a refrigerator, range hood, microwave, free-standing gas oven, and washer hookup.
Built in 1982, the property has stucco construction, tile and vinyl flooring, multi-unit cooling, a shingle roof, public sewer, and natural gas availability. The property is zoned R1 and is positioned for access to main roads, shopping, dining, and schools. Appliances and hookups include a refrigerator, range hood, microwave, free-standing gas oven, and washer hookup.
Key Highlights
- 2,060‑square‑foot triplex on a 0.12‑acre corner lot
- Three living areas: studio, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath
- Covered parking areas and walled perimeter
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,083
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,660
$341.7K
Cap Rate 7%
$244,043
$244.0K
Cap Rate 9%
$189,811
$189.8K
Market Conditions
NOI Build-Up for 2,060 SF
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.
Gross rent
$26.0K $12.60/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$24.4K $11.85/SF
− OpEx
−$7.3K −$3.55/SF
NOI
$17.1K $8.29/SF
Area
El Paso County, TX
Vacancy
5.98%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$341,660
Cap Rate 7%
$244,043
Cap Rate 9%
$189,811
Alternative Uses
Best Use
Multifamily LT 5
$244.0K
$213.5K – $284.7K
NOI $17,083 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,670 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$372.3K
$325.8K – $434.3K
NOI $26,060 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
148
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with covered parking, a walled perimeter, and varied floor plans.
Where is this triplex located?
The property is located at 11548 JENNY Road Socorro, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,060‑square‑foot triplex on a 0.12‑acre corner lot; Three living areas: studio, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath; Covered parking areas and walled perimeter
