For sale

$380,000

421 Panahi Rd, El Paso, TX 79927

8beds

2,862sqft

Est.:

Quadruplex

Built in 1987

-- sqft lot

$366,000 Zestimate^®

$133/sqft

$-- HOA

What's special

Tile flooringCentral heatingEvaporative coolingFree-standing gas oven

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.

54 days

99

5

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 8
Full bathrooms: 4
1/2 bathrooms: 4

Heating

Natural Gas, Central

Cooling

Ceiling Fan(s), Evaporative Cooling

Appliances

Included: Disposal, Exhaust Fan, Free-Standing Gas Oven
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Ceiling Fan(s)
Flooring: Tile
Windows: Double Pane Windows, No Treatments
Has fireplace: No

Interior area

Total structure area: 2,862
Total interior livable area: 2,862 sqft

Video & virtual tour

View virtual tour

Property

Accessibility

Accessibility features: Interior Handicapped Accessible

Features

Stories: 2
Patio & porch: Open
Exterior features: See Remarks
Pool features: None
Fencing: Fenced,Back Yard

Lot

Size: 9,583.2 Square Feet
Features: Corner Lot, Standard Lot

Details

Additional structures: None
Parcel number: F80000202100280
Zoning: R1
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: 2 Story
Property subtype: Quadruplex

Materials

Stucco
Roof: Flat

Condition

Year built: 1987

Utilities & green energy

Water: City

Community & HOA

Community

Subdivision: Friedman Estates

HOA

Has HOA: No
Amenities included: None
Services included: None

Location

Region: El Paso

Financial & listing details

Price per square foot: $133/sqft
Annual tax amount: $9,261
Date on market: 11/13/2025
Cumulative days on market: 56 days
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$366,000

$348,000 - $384,000

$1,204/mo

Price history

Date	Event	Price
11/13/2025	Listed for sale	$380,000-3.8%$133/sqft
Source: GEPAR #933660 Report a problem
10/1/2024	Listing removed	$395,000$138/sqft
Source: GEPAR #896454 Report a problem
2/18/2024	Listed for sale	$395,000$138/sqft
Source: GEPAR #896454 Report a problem
1/1/2024	Listing removed	--
Source: GEPAR #892268 Report a problem
11/29/2023	Listed for sale	$395,000-4.8%$138/sqft
Source: GEPAR #892268 Report a problem