Socorro Multifamily Investment
For Sale
$330,000
11683 Socorro Road, Socorro, TX 79927
MULTI_FAMILY - Socorro, TX
Property Size2,250 SF
Lot Size0.60 Acres
Price / SF$146.67
Days on Market152
Property Features for 11683 Socorro Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C1
Parking features
Assigned
Subdivision
Socorro
Elementary school
Lorenzo G Alarcon
Middle school
Garcia Enriquez
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
S533000027005D0
Size
2,250 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
27 SOCORRO TR 5-D (HISTORICAL DISTRICT) (0.604 AC)
Tax Annual Amount
3120
Legal Description
27 SOCORRO TR 5-D (HISTORICAL DISTRICT) (0.604 AC)
Building Details
Year built
1984
Number of units
4
Building materials
See Plans
Listing Agency:
ELP Real Estate Group, LLC
(915) 422-2242
Listed By:
Sergio E Tinajero · License #0486273
(915) 422-2242
Added: Mar 27
Changed: Jul 18
Last Checked: Aug 25 at 2:06AM
MLS# 941033
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.
Located in Socorro, Texas, this income-generating property presents an investment opportunity with immediate rental income and development potential. The property is situated on a 26,310 square foot lot at the intersection of Socorro Road and Dini Rozi Road. It features four multifamily units, each offering 560 square feet of living space with one bedroom and one bathroom. Additionally, a mobile home is located at the back of the property, providing additional rental income. The mobile home can also be removed to allow for future development. The property is zoned C1.
Key Highlights
- Immediate rental income from 4 multifamily units and a mobile home.
- Large 26,310 sq. ft. lot with significant development potential.
- Four 1‑bedroom, 1‑bathroom units, each 560 sq. ft.
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
$18,658
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
5.65%
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%
$373,160
$373.2K
Cap Rate 7%
$266,543
$266.5K
Cap Rate 9%
$207,311
$207.3K
Market Conditions
NOI Build-Up for 2,250 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
$28.4K $12.60/SF
− Vacancy
−$1.7K −$0.75/SF
EGI
$26.7K $11.85/SF
− OpEx
−$8.0K −$3.55/SF
NOI
$18.7K $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%
$373,160
Cap Rate 7%
$266,543
Cap Rate 9%
$207,311
Alternative Uses
Best Use
Multifamily LT 5
$266.5K
$233.2K – $311.0K
NOI $18,658 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$244.5K
$213.9K – $285.3K
NOI $17,115 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$406.6K
$355.8K – $474.4K
NOI $28,463 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
156
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
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?
Quadplex - Income-generating property with four units and development potential.
Where is this quadplex located?
The property is located at 11683 Socorro Road Socorro, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Immediate rental income from 4 multifamily units and a mobile home.; Large 26,310 sq. ft. lot with significant development potential.; Four 1‑bedroom, 1‑bathroom units, each 560 sq. ft.
