Updated Duplex Income
421 Valle Palos Verdes Drive Socorro, TX 79927
New
For Sale
$289,999
MULTI_FAMILY - Other - Socorro, TX
Property Size1,661 SF
Lot Size0.46 Acres
Price / SF$174.59
Days on Market3
Property Features for 421 Valle Palos Verdes Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
5
Bathrooms
7
Rooms
Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 7, Bathroom 8, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 5, Bathroom 3, Bedroom 3
Appliances
Dishwasher, Free-Standing Gas Oven, Microwave, Refrigerator
Standard status
Active
APN
H01100000105800
Size
1,661 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1 HACIENDAS DEL VALLE #2 LOT 58
Tax Annual Amount
6315
Utilities
Sewer type
Public Sewer
Heating system
Central
Building Details
Year built
1990
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Jacqueline Rodriguez · License #0716271
(915) 474-2297
Added: Jul 28
Last Checked: Jul 30 at 12:06AM
MLS# 948394
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 updated duplex offers two separate residential units with distinct bedroom and bath configurations. Unit A is currently vacant and features three bedrooms with two three-quarter baths. Unit B is currently rented on a month-to-month basis and features two bedrooms with two three-quarter baths. Recent improvements include a new roof and new windows installed in 2022, a complete interior remodel with tile flooring in 2024, and newer refrigerated A/C units installed in both units in April 2024.
The property is located in R1 zoning in Socorro, Texas on a lot size of approximately 0.46 acres, with room for flexibility and the option to keep horses, as allowed. The address is 421 Valle Palos Verdes Drive, Socorro, TX 79927.
The property is located in R1 zoning in Socorro, Texas on a lot size of approximately 0.46 acres, with room for flexibility and the option to keep horses, as allowed. The address is 421 Valle Palos Verdes Drive, Socorro, TX 79927.
Key Highlights
- Duplex on nearly half an acre with Unit A vacant and Unit B on a month‑to‑month lease
- Unit A: 3 bedrooms, 2 three‑quarter baths, approx. 900 SF; potential rent of $1,400/month
- Unit B: 2 bedrooms, 2 three‑quarter baths, approx. 761 SF; currently rented for $1,100/month
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 | $20.9k | $12.60 |
| − Vacancy | −$1.3k | −$0.75 |
| EGI | $19.7k | $11.85 |
| − OpEx | −$5.9k | −$3.55 |
| NOI | $13.8k | $8.29 |
1,661 SF · lease $12.60/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.8K
$172.2K – $229.6K
NOI $13,774 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.6K
NOI $12,635 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$300.2K
$262.7K – $350.2K
NOI $21,012 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in R1 zoning with one vacant unit and one unit on a month-to-month lease.
Where is this duplex located?
The property is located at 421 Valle Palos Verdes Drive Socorro, TX.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: Duplex on nearly half an acre with Unit A vacant and Unit B on a month‑to‑month lease; Unit A: 3 bedrooms, 2 three‑quarter baths, approx. 900 SF; potential rent of $1,400/month; Unit B: 2 bedrooms, 2 three‑quarter baths, approx. 761 SF; currently rented for $1,100/month
