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Listed by REAL Broker LLC

$350,000

Est. payment - /mo

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3,000 SqFt

Active Under Contract

9020 NORTON ST El Paso, TX 79904

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $116

Subdivision Del Norte Acres

MLS Listing ID 942112

Year Built 1980

Annual Tax Amount $6,116

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Source Greater El Paso Association of REALTORS®

Property Description

This well-located 4-unit multifamily property at 9020 Norton offers an outstanding investment opportunity in Northeast El Paso just off Hondo Pass and minutes from US-54, shopping, schools, and everyday amenities. Featuring 3,048 sq ft with four spacious 2-bedroom, 1-bath units of approximately 762 sq ft each, this property offers immediate upside with Units A, C, and D currently vacant and projected to rent for approximately $950-$1,000 per month, while Unit B is occupied at $800 per month, providing instant income. Units A, C, and D have been remodeled gradually within the last 8 years, and the roof was replaced in 2018. Gas and electric are separately metered, adding convenience for both owner and tenants. Located in a well-kept surrounding area with strong rental demand and quick access to major commuter routes, this is a rare opportunity to lease up quickly and maximize cash flow. Ideal for investors looking for immediate value-add potential and long-term hold opportunity.

Location

State TX

County El Paso

Community Del Norte Acres

Zoning AO

Interior

Heating Central, Forced Air

Cooling Evaporative Cooling

Flooring Ceramic Tile, Carpet, Laminate

Exterior

Parking Features 1 Space Per Unit

Utilities Available All City

Roof Type Composition,Shingle

Building

Building Description Stucco, Washer/Dryer H/U In Unit

Sewer Public Sewer

Water City

Structure Type Stucco

Schools

Elementary Schools Whitaker

Middle Schools Canyonh

High Schools Irvin

Others

Tax ID X58199920900602

Acceptable Financing FHA 203(k), Cash, Conventional

Listing Terms FHA 203(k), Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/gepar/942112

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