Two-Unit
For Sale
$175,000
737 Delhi Drive, Socorro, TX 79927
Each residence has a two-bedroom, one-bathroom layout, with M2 zoning.
Property Size1,280 SF
Price / SF$136.72
Days on Market164
Property Features for 737 Delhi Drive
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Multi Family Home
Zoning
M2
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,481
Building Details
Building Size
1,280 SF
Year Built
1979
Stories
1
Units
2
Listing Agency:
El Paso Real Estate Company
Listed By:
Al Jurado · License #0410918
(915) 630-8373
Source:
Elpasorealestateco
Added: May 16
Changed: Oct 26
Last Checked: Oct 26 at 3:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of El Paso Real Estate Company
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with two bedrooms and one bathroom. The property totals 1,280 square feet and was built in 1979. M2 zoning is also identified for the site.
Located on Delhi Drive in Socorro, the property is offered for sale. Owner financing is available.
Located on Delhi Drive in Socorro, the property is offered for sale. Owner financing is available.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,280 square feet total
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,614
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,280
$212.3K
Cap Rate 7%
$151,629
$151.6K
Cap Rate 9%
$117,933
$117.9K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$16.1K $12.60/SF
− Vacancy
−$964 −$0.75/SF
EGI
$15.2K $11.85/SF
− OpEx
−$4.5K −$3.55/SF
NOI
$10.6K $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%
$212,280
Cap Rate 7%
$151,629
Cap Rate 9%
$117,933
Alternative Uses
Best Use
Multifamily LT 5
$151.6K
$132.7K – $176.9K
NOI $10,614 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$139.1K
$121.7K – $162.3K
NOI $9,736 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$231.3K
$202.4K – $269.9K
NOI $16,193 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a two-bedroom, one-bathroom layout, with M2 zoning.
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 $175,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,280 square feet total; Built in 1979
