624 Hesse Drive Socorro, TX 79927
MULTI_FAMILY - Socorro, TX
- Added:
- May 21, 2026
- Days on Market:
- 52
- Last Refresh:
- Jul 11 at 3:06 am
Property Features for 624 Hesse Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R1
- Appliances
- Refrigerator, Dishwasher, Cooktop
- Standard status
- Pending
- APN
- N44000000000028
- Size
- 3,216 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- NORTH LOOP ACRES LOT 28 (13460 SQ FT)
- Tax Annual Amount
- 461
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
Building Details
- Year built
- 2025
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Shingle
Listing agent Aaron Gamboa License #0770077 (915) 820-4746
Listing office Catalyst Real Estate Group, El Paso, LLC 13025 Pleasant Manor, El Paso, TX (915) 820-4746
Listing date May 21, 2026
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.
Key Highlights
- New duplex construction (2025).
- Each unit has 4 bedrooms.
- One unit is already generating $1,900 monthly rent.
Local 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 | $40.5k | $12.60 |
| − Vacancy | −$2.4k | −$0.75 |
| EGI | $38.1k | $11.85 |
| − OpEx | −$11.4k | −$3.55 |
| NOI | $26.7k | $8.29 |
