Updated Duplex with Two
For Sale
$284,000
Pending
421 Valle Palos Verdes Drive, Socorro, TX 79927
Residential, Socorro, TX
Property Size1,661 SF
Lot Size0.46 Acres
Days on Market95
Property Features for 421 Valle Palos Verdes Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1
Bedrooms
5
Bathrooms
7
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bedroom 5, Bathroom 8, Bathroom 6, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 7, Bathroom 1, Bathroom 5, Bedroom 4, Bathroom 4
Appliances
Dishwasher, Free-Standing Gas Oven, Microwave, Refrigerator
Subdivision
Haciendas Del Valle
Lot features
Horses Allowed
Elementary school
Robert R Rojas
Middle school
Ern Serna
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Pending
APN
H01100000105800
Size
1,661 SF
Lot size
0.46 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Description
1 HACIENDAS DEL VALLE #2 LOT 58
Tax Annual Amount
6315
Legal Description
1 HACIENDAS DEL VALLE #2 LOT 58
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
Buildings
1
Listing Agency:
ClearView Realty
(915) 855-1110
Listed By:
Jacqueline Rodriguez
(915) 474-2297
Added: Jul 28
Changed: Oct 27
Last Checked: Oct 30 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,661-square-foot duplex in Socorro includes two separate residences. Unit A has 3 bedrooms, 2 three-quarter baths, and approximately 900 square feet; it is currently vacant. Unit B provides 2 bedrooms, 2 three-quarter baths, and approximately 761 square feet, with a month-to-month tenant in place. Both units feature tile flooring, central heating, and refrigerated air conditioning.
Property updates include a new roof and all-new windows completed in 2022, followed by interior remodeling with tile flooring in 2024. Each residence received a newer 3.5-ton refrigerated A/C unit in April 2024. The 0.46-acre parcel is zoned R1, served by public sewer, and allows horses. Located at 421 Valle Palos Verdes Drive in Socorro, the property offers a duplex configuration with one vacant unit and one occupied unit.
Property updates include a new roof and all-new windows completed in 2022, followed by interior remodeling with tile flooring in 2024. Each residence received a newer 3.5-ton refrigerated A/C unit in April 2024. The 0.46-acre parcel is zoned R1, served by public sewer, and allows horses. Located at 421 Valle Palos Verdes Drive in Socorro, the property offers a duplex configuration with one vacant unit and one occupied unit.
Key Highlights
- 1,661‑square‑foot duplex with two separate units
- Unit A: 3 bedrooms, 2 three‑quarter baths, approximately 900 sqft, currently vacant
- Unit B: 2 bedrooms, 2 three‑quarter baths, approximately 761 sqft, rented month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,774
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,480
$275.5K
Cap Rate 7%
$196,771
$196.8K
Cap Rate 9%
$153,044
$153.0K
Market Conditions
NOI Build-Up for 1,661 SF
Gross rent
$20.9K $12.60/SF
− Vacancy
−$1.3K −$0.75/SF
EGI
$19.7K $11.85/SF
− OpEx
−$5.9K −$3.55/SF
NOI
$13.8K $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 Rate 5%
$275,480
Cap Rate 7%
$196,771
Cap Rate 9%
$153,044
Alternative Uses
Best Use
Multifamily LT 5
$196.8K
$172.2K – $229.6K
NOI $13,774 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$180.5K
$157.9K – $210.6K
NOI $12,635 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$300.2K
$262.7K – $350.2K
NOI $21,012 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - R1-zoned property with remodeled interiors, separate living spaces, and room for horses on nearly half an acre.
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 $284,000.
What are key features of this property?
This property features: 1,661‑square‑foot duplex with two separate units; Unit A: 3 bedrooms, 2 three‑quarter baths, approximately 900 sqft, currently vacant; Unit B: 2 bedrooms, 2 three‑quarter baths, approximately 761 sqft, rented month to month
