421 Panahi Rd El Paso, TX 79927
Estimated payment $2,775/month
Highlights
- Corner Lot
- Double Pane Windows
- Open Patio
- No HOA
- Evaporated cooling system
- Handicap Accessible
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,262
Year Built
- Built in 1987
Lot Details
- 9,542 Sq Ft Lot
- Back Yard Fenced
- Corner Lot
Parking
- Parking Pad
Home Design
- Quadruplex
- Flat Roof Shape
- Stucco Exterior
Interior Spaces
- 2,862 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Tile Flooring
- Fire and Smoke Detector
- Washer and Electric Dryer Hookup
Kitchen
- Free-Standing Gas Oven
- Flat Panel Kitchen Cabinets
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- Laminate Bathroom Countertops
Schools
- Escontrias Elementary School
- Socorrom Middle School
- Socorro High School
Utilities
- Evaporated cooling system
- Central Heating
- Heating System Uses Natural Gas
- Vented Exhaust Fan
Additional Features
- Handicap Accessible
- Open Patio
Community Details
- No Home Owners Association
- 4 Units
- Friedman Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number F80000202100280
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,033 | $334,176 | $23,856 | $310,320 |
| 2024 | $9,033 | $334,176 | $23,856 | $310,320 |
| 2023 | $9,033 | $308,992 | $23,856 | $285,136 |
| 2022 | $7,933 | $259,604 | $23,856 | $235,748 |
| 2021 | $4,898 | $145,480 | $23,856 | $121,624 |
| 2020 | $3,098 | $92,249 | $14,428 | $77,821 |
| 2018 | $2,884 | $92,249 | $14,428 | $77,821 |
| 2017 | $3,263 | $104,968 | $14,428 | $90,540 |
| 2016 | $3,263 | $104,968 | $14,428 | $90,540 |
| 2015 | $3,214 | $104,968 | $14,428 | $90,540 |
| 2014 | $3,214 | $104,968 | $14,428 | $90,540 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $380,000 | +68.9% | $133 / Sq Ft | |
| 12/21/2021 12/21/21 | Sold | -- | -- | -- | View Prior Sale |
| 12/07/2021 12/07/21 | Pending | -- | -- | -- | |
| 12/05/2021 12/05/21 | For Sale | $225,000 | -- | $79 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available |
Source: Greater El Paso Association of REALTORS®
MLS Number: 933660
APN: F800-002-0210-0280
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than Ten-X are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
Listing data is deemed reliable but not guaranteed.
Copyright 2025 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved.
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