$380,000

421 Panahi Road, Socorro, TX 79927

  • 8 beds |
  • 8 baths |
  • 2,862 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1987
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $133/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

A solid income property in a strong rental area! This well-maintained four-plex offers two 1-story units (2 bed / 1 bath / 591 sq ft) and two 2-story units (2 bed / 1.5 bath / 840 sq ft). Each unit features tile flooring, washer/dryer hookups, free-standing gas oven, and individual electric/gas meters. Central heating and evaporative cooling keep maintenance simple and costs low. Located between Socorro Rd and Alameda Ave in the Socorro ISD, this property benefits from steady rental demand and easy access to schools, shops, and major routes. Current gross income is approximately $36,000 per year, with room to increase rents and maximize overall revenue. Owner pays only water and sewer.

Listing Status:
Active
Date Added:
November 13, 2025 at 06:00AM
Listing Office:
Leon Realty Group, LLC : 915-726-7637
Listing Agent:
Jorge Daniel Leon : 915-667-1345
MLS ID:
933660
  • General: Ceiling Fan(s)Handicap Access
  • Appliances: DisposalExhaust FanFree-Standing Gas Oven
  • Laundry: Washer HookupElectric Dryer Hookup
  • Flooring: Tile
  • A/C: Evaporative CoolingCeiling Fan(s)
  • Heating: Natural GasCentral
  • Fireplace: None
  • General: See Remarks
  • Style: 2 Story
  • Pool: None
  • Roofing: Flat
  • Windows: Double Pane WindowsNo Treatments
  • General: Stucco
  • HOA Amenities: None
  • Originating MLS: Greater El Paso Association of REALTORS®
  • School District: Socorro
  • County: El Paso
  • Zoning: R121 FRIEDMAN ESTATES #2 LOT 28F80000202100280
  • Fencing: Back YardFenced
  • Water: City
  • Source: Greater El Paso Association of REALTORS®

This listing courtesy of Jorge Daniel Leon, Leon Realty Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Escontrias Early Child Center

10400 Alameda Ave, Socorro, TX, 79927

Grades PK-1

2.22 miles away

E

Ernesto Serna Fine Arts Academy

11471 Alameda Ave, Socorro, TX, 79927

Grades PK-8

0.98 miles away

S

Socorro High School

10150 Alameda Ave, Socorro, TX, 79927

Grades 9-12

2.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.