Four-Unit Quadplex Under
For Sale
$549,950
401 Borrego Road, San Elizario, TX 79849
Residential Income, San Elizario, TX
Property Size3,428 SF
Lot Size0.24 Acres
Price / SF$160.43
Days on Market283
Property Features for 401 Borrego Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Zoning
R4
Parking
4
Subdivision
Mission Trail Estates
Elementary school
Lorenzo G Alarcon
Middle school
Garcia Enriquez
High school
Sanelizar
Elementary school district
San Elizar
Middle school district
San Elizar
High school district
San Elizar
Standard status
Active
APN
M58100002201000
Size
3,428 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22 MISSION TRAIL ESTATES LOT 10 (20906.09 SQ FT)
Tax Annual Amount
441
Legal Description
22 MISSION TRAIL ESTATES LOT 10 (20906.09 SQ FT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
2025
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Flat
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Fabian Sanchez · License #0764584
(915) 497-3402
Added: Dec 6, 2025
Changed: Sep 10
Last Checked: Sep 15 at 3:06PM
MLS# 934704
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 under-construction quadplex is planned as two separate buildings, with two residential units in each structure. The property totals 3,428 square feet on a 0.24-acre site and carries R4 zoning. Stucco construction, ceramic tile flooring, central heating, flat roofs, and public sewer service are specified for the improvements. The recorded year built is 2025.
The property is located in San Elizario, Texas, within El Paso County. Restaurants, schools, parks, and coffee shops are described as being a short drive away, with nearby communities including Clint and Socorro. The address is 401 Borrego Road, San Elizario, TX 79849.
The property is located in San Elizario, Texas, within El Paso County. Restaurants, schools, parks, and coffee shops are described as being a short drive away, with nearby communities including Clint and Socorro. The address is 401 Borrego Road, San Elizario, TX 79849.
Key Highlights
- Four residential units arranged across two buildings
- 3,428 square feet on a 0.24‑acre lot
- R4 zoning in San Elizario, Texas
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
$28,427
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
5.17%
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%
$568,540
$568.5K
Cap Rate 7%
$406,100
$406.1K
Cap Rate 9%
$315,856
$315.9K
Market Conditions
NOI Build-Up for 3,428 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
$43.2K $12.60/SF
− Vacancy
−$2.6K −$0.75/SF
EGI
$40.6K $11.85/SF
− OpEx
−$12.2K −$3.55/SF
NOI
$28.4K $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%
$568,540
Cap Rate 7%
$406,100
Cap Rate 9%
$315,856
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$619.5K
$542.1K – $722.8K
NOI $43,366 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 79849, TX
14,310
Population
4,182
Households
3.4
Avg Household Size
31
Median Age
5%
College-Educated
60%
High-School Grad
13.6 sq mi
ZIP Area
1,052
Density / Sq Mi
$45,067
Median Household Income
$26,216
Median Earnings
$878
Median Rent
$104,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings contain four residential units with ceramic tile flooring and central heating.
Where is this quadplex located?
The property is located at 401 Borrego Road San Elizario, TX.
What is the asking price?
The asking price for this property is $549,950.
What are key features of this property?
This property features: Four residential units arranged across two buildings; 3,428 square feet on a 0.24‑acre lot; R4 zoning in San Elizario, Texas
