Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Socorro Duplex with Owner Financing Title is generated by Realmo AI

    737 Delhi Drive, Socorro, TX 79927

    View on Map
    Claim this Listing
    New
    For Sale
    $195,000

    MULTI_FAMILY - Socorro, TX

    Lot size:
    0.14 Acres
    Added:
    May 16, 2026
    Days on Market:
    2
    Last Refresh:
    May 17 at 3:06 am

    Property Features for 737 Delhi Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    M2
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    D39700000500100
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    5 DELIP LOT 10 (6000 SQ FT)
    Tax Annual Amount
    2481

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1979
    Number of units
    2
    Building materials
    Stucco
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    Edwin Morales Juarez

    Listing agent Edwin Morales Juarez License #0721112

    Listing office Home Pros Real Estate Group 1035 Belvidere St., Suite 200, el paso, TX

    Listing date May 16, 2026

    MLS# 944105

    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.

    HighLights

    • Duplex Property
    • Owner Financing Available
    • Two Units, each with 2 Bedrooms and 1 Bathroom
    • Stucco Construction
    • Paved or Surfaced Parking
    • Available in Socorro

    Overview

    A duplex is available in Socorro. Each unit contains 2 bedrooms and 1 bathroom. Owner financing is available. The lot size is 0.14 acres. The zoning is M2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Socorro
    County
    El Paso
    State
    Texas
    Longitude
    -106.277556
    Latitude
    31.672653

    Nearby Similar for Sale

    • $310,000
      3,710 SF

      Lower Valley Quadruplex Investment

      Well-maintained quadruplex in Socorro, TX with strong rental potential.
      10540 Socorro Road, Socorro, TX 79927
      View Details
    • $330,000
      2,250 SF

      Socorro Multifamily Investment Opportunity

      Income-generating property with four units and development potential.
      11683 Socorro Road, Socorro, TX 79927
      View Details
    • $474,500
      3,030 SF

      Socorro Duplex with Income Potential

      Two-story duplex on corner lot, ideal for investors/homeowners.
      11467 Van Nuys Drive, Socorro, TX 79927
      View Details
    • $380,000
      2,862 SF

      Well-Maintained Socorro Fourplex For Sale

      Income-generating fourplex in Socorro ISD with potential for increased revenue.
      421 Panahi Road, Socorro, TX 79927
      View Details
    • $871,200
      5,843 SF

      Commercial Property on Socorro Road

      High-traffic commercial property with residence near historic Mission Trail.
      10104 Socorro Road, Socorro, TX 79927
      View Details
    • $295,999
      1,856 SF

      Renovated Triplex in Socorro, TX

      Fully renovated triplex with commercial zoning and income potential.
      10284 Nirmal Drive, Socorro, TX 79927
      View Details
    • $2,000,000

      Leased Commercial Property on Socorro

      Leased commercial property in growing area near freeway and attractions.
      10006 Socorro Road, Socorro, TX 79927
      View Details
    • $195,000
      1,612 SF

      Socorro Triplex Investment Opportunity

      Triplex in Socorro, TX, with owner financing available.
      10247 CALCUTTA Drive, Socorro, TX 79927
      View Details
    • $449,950
      3,030 SF

      Spacious Duplex with Modern Amenities

      Socorro duplex featuring modern amenities and private backyards.
      806 TS Daniel Cadena Drive, Socorro, TX 79927
      View Details
    • $425,000
      3,050 SF

      Socorro Duplex: Investment Opportunity

      Recently built duplex in Socorro, TX, ideal for investors.
      469 SPC Isaac Trujillo Drive, Socorro, TX 79927
      View Details
    • $449,950
      3,176 SF

      Socorro Duplex: Investment Opportunity

      Recently built duplex in Socorro, TX, ideal for investors.
      468 SPC Isaac Trujillo Drive, Socorro, TX 79927
      View Details
    • $449,950
      3,176 SF

      Socorro Duplex: Investment Opportunity

      Recently built duplex in Socorro, TX, excellent investment property.
      470 SPC Isaac Trujillo Drive, Socorro, TX 79927
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Socorro, owner financing available.
    Where is this duplex located?
    The property is located at 737 Delhi Drive Socorro, TX.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Duplex Property; Owner Financing Available; Two Units, each with **2 Bedrooms and 1 Bathroom**
    (915) 449-9698
    We can help!
    Listing Contact
    Edwin Morales Juarez
    Real Estate License ID: 0721112
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    737 Delhi Drive, Socorro, TX 79927
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!