Leased Triplex with Corner Build
176 LANZA Lane Socorro, TX 79927
For Sale
$320,000
MULTI_FAMILY - Socorro, TX
Property Size2,661 SF
Lot Size0.47 Acres
Price / SF$120.26
Days on Market52
Property Features for 176 LANZA Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- M3
- Appliances
- Refrigerator, Microwave
- Standard status
- Active
- APN
- S56000000050006
- Size
- 2,661 SF
- Lot size
- 0.47 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 5 SPANISH TRAIL 6 & 7 (20504.34 SQ FT)
- Tax Annual Amount
- 9174
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central, Natural Gas
Building Details
- Year built
- 2019
- Number of units
- 3
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency:
ERA Sellers & Buyers Real Esta
(915) 585-2222
Listed By:
Mary Perkins · License #0541696
(915) 449-0906
Added: Jun 3
Changed: Jul 18
Last Checked: Jul 24 at 12:06AM
MLS# 945301
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 for-sale triplex includes three residential units with identical floor plans. Unit 1 offers 2 bedrooms and approximately 800 square feet and is leased at $850. Unit 2 offers 1 bedroom and approximately 921 square feet and is leased at $850. Unit 3 offers 1 bedroom and approximately 940 square feet and is leased at $1,000. All three units are currently rented, have been recently updated, and include refrigerated air. The landlord pays all utilities.
The property is located in Socorro, TX at 176 LANZA Lane, in El Paso County. In addition to the triplex, the sale includes a corner lot measuring 20,504.34 square feet, which may support future development of additional units. The seller notes the property is minutes from I-10 and 375.
For investors or owner-operators seeking a multi-unit residential setup, this offering combines three fully leased units with recent updates and refrigerated air in place. The included corner lot provides a separate development opportunity for buyers looking to add capacity beyond the existing triplex, subject to applicable requirements.
The property is located in Socorro, TX at 176 LANZA Lane, in El Paso County. In addition to the triplex, the sale includes a corner lot measuring 20,504.34 square feet, which may support future development of additional units. The seller notes the property is minutes from I-10 and 375.
For investors or owner-operators seeking a multi-unit residential setup, this offering combines three fully leased units with recent updates and refrigerated air in place. The included corner lot provides a separate development opportunity for buyers looking to add capacity beyond the existing triplex, subject to applicable requirements.
Key Highlights
- 2019‑built 3‑unit property with all units currently rented
- Unit mix: one 2‑bedroom unit (800 SF) and two 1‑bedroom units (921 SF and 940 SF)
- Each unit has recently updated interiors and identical layouts, with refrigerated air in all units
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 | $33.5k | $12.60 |
| − Vacancy | −$2.0k | −$0.75 |
| EGI | $31.5k | $11.85 |
| − OpEx | −$9.5k | −$3.55 |
| NOI | $22.1k | $8.29 |
2,661 SF · lease $12.60/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.2K
$275.8K – $367.8K
NOI $22,067 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$289.2K
$253.0K – $337.4K
NOI $20,241 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$480.9K
$420.8K – $561.1K
NOI $33,663 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three rented units with recent updates and refrigerated air, plus an included corner lot for future expansion.
Where is this triplex located?
The property is located at 176 LANZA Lane Socorro, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 2019‑built 3‑unit property with all units currently rented; Unit mix: one 2‑bedroom unit (800 SF) and two 1‑bedroom units (921 SF and 940 SF); Each unit has recently updated interiors and identical layouts, with refrigerated air in all units
