421 Panahi Rd

$380,000
Price
8
Beds
2,862 Sq. Ft.
$133 / Sq. Ft.
2,862
Sq. Ft.
$133
per Sq. Ft.

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...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.
  1. Listed by Jorge Daniel Leon • TREC #0708650 • Leon Realty Group, LLC
    C: (915)-667-1345 jorgeleonre@gmail.com
  2. Listed by Jorge Leon • TREC #0432121 • Leon Realty Group, LLC
    C: (915)-726-7637 jorge@leonrealestate.com

Property Details for 421 Panahi Road

School District
Socorro
Style
2 Story
Subdivision
Friedman Estates
Garage:Carpad
Yes
Garage:None
Yes
Zoning
R1
Cooling
Ceiling Fan(s), Evaporative Cooling
Construction
Stucco
LISTING UPDATED: 11/13/2025 10:12 PM

Property Details for 421 Panahi Road

StatusActive
MLS #933660
Days on Market43
Taxes$9,262 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Quadruplex
Year Built1987
Lot Size0.22 AC / 9,583 SF
CountyEl Paso County

Location

Listing Courtesy of Leon Realty Group, LLC
Add your commute

Building Information for 421 Panahi Road

Stories2Year Built1987Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$2,650 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,878

Property Taxes

$772

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 421 Panahi Road

Summary
Location and General Information
  • Elementary School: Escontrias
  • Middle School: Socorrom
  • High School: Socorro
  • County: El Paso
  • High School District: Socorro
  • New Construction: No
  • # of Units: 4.00
Taxes and HOA Information
  • HOA Amenities:None: Yes
  • Hoa Includes: None
  • HOA?: No
  • Tax Year: 2025
  • Tax Legal Description: 21 FRIEDMAN ESTATES #2 LOT 28
  • Hoa Dues: $.00
  • Tax Annual Amount: $9,261.72
Property
Lot Information
  • Apx Acres 2: .22
  • Lot Description:Corner Lot: Yes
  • Lot Description:Standard Lot: Yes
  • Parcel ID: F80000202100280
  • Lot Size Acres: 0.22
  • Lot Size Square Feet: 9542.0
  • Lot Size: 9,542.46
Property and Assessments
  • Amenities:None: Yes
  • Defects: Owner Not Aware
  • Special Listing Conditions: None
  • Total Floor Plans Count: 0
  • Property Type: Residential
  • Year Built: 1987
  • Apx Sqft - Main: 2,862.00
  • Property Sub-Type: Quadruplex
  • Lot Size Area: .22
  • Lot Size Units: Acres
  • Exemptions:None: Yes
Utilities
  • Heating: Natural Gas, Central
  • Water: City
  • Water District: El Paso Water
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Roof: Flat
  • Patio Features: Open
  • Fencing: Fenced, Back Yard
  • Exterior Features: See Remarks
  • Stories Total: 2
  • Pool on Property: No
  • Construction Phase: Finish
  • Num of Stories/Property: 2.00
Interior Features
  • Flooring: Tile
  • Interior Features: Ceiling Fan(s), Handicap Access
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Windows/Treatments: Double Pane Windows, No Treatments
  • Fireplace: No
  • Room Total: 0
  • Bathrooms Total Integer: 8
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Notational: 4.40
  • Cooling: Yes
  • Heating: Yes
  • Bedrooms: 8
  • Full Baths: 4
  • Half Baths: 4
  • 3/4 Baths: 0
  • Appliances: Disposal, Exhaust Fan, Free-Standing Gas Oven
  • Maid's Room: No
  • General Property Info:Laundry Room Location: Inside
  • Bath Vanities:Laminate: Yes
  • Cabinets:Flat Panel: Yes
  • Kitchen Sinks:Stainless Steel: Yes

Property History for 421 Panahi Road

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Listed (Active)

Greater El Paso Association of REALTORS MLS #933660

$380,000
Sep 29, 2024

Expired

Greater El Paso Association of REALTORS MLS #896454

$395,000
Feb 12, 2024

Listed (Active)

Greater El Paso Association of REALTORS MLS #896454

$395,000
Dec 30, 2023

Expired

Greater El Paso Association of REALTORS MLS #892268

$395,000
Nov 28, 2023

Listed (Active)

Greater El Paso Association of REALTORS MLS #892268

$395,000
Aug 31, 2023

Withdrawn

Greater El Paso Association of REALTORS MLS #886210

$414,700
Aug 6, 2023

Withdrawn

Greater El Paso Association of REALTORS MLS #886076

$414,700
Aug 6, 2023

Listed (Active)

Greater El Paso Association of REALTORS MLS #886210

$414,700
Aug 2, 2023

Listed (Active)

Greater El Paso Association of REALTORS MLS #886076

$414,700
Dec 20, 2021

Sold

Greater El Paso Association of REALTORS MLS #855635

Dec 8, 2021

In Contract

Greater El Paso Association of REALTORS MLS #855635

Dec 6, 2021

Pending

Greater El Paso Association of REALTORS MLS #855635

Dec 4, 2021

Listed (Active)

Greater El Paso Association of REALTORS MLS #855635

$225,000
DateEvent & SourcePrice
11/11/2025

Listed (Active)

Greater El Paso Association of REALTORS MLS #933660

$380,000
09/29/2024

Expired

Greater El Paso Association of REALTORS MLS #896454

$395,000
02/12/2024

Listed (Active)

Greater El Paso Association of REALTORS MLS #896454

$395,000
12/30/2023

Expired

Greater El Paso Association of REALTORS MLS #892268

$395,000
11/28/2023

Listed (Active)

Greater El Paso Association of REALTORS MLS #892268

$395,000
08/31/2023

Withdrawn

Greater El Paso Association of REALTORS MLS #886210

$414,700
08/06/2023

Withdrawn

Greater El Paso Association of REALTORS MLS #886076

$414,700
08/06/2023

Listed (Active)

Greater El Paso Association of REALTORS MLS #886210

$414,700
08/02/2023

Listed (Active)

Greater El Paso Association of REALTORS MLS #886076

$414,700
12/20/2021

Sold

Greater El Paso Association of REALTORS MLS #855635

12/08/2021

In Contract

Greater El Paso Association of REALTORS MLS #855635

12/06/2021

Pending

Greater El Paso Association of REALTORS MLS #855635

12/04/2021

Listed (Active)

Greater El Paso Association of REALTORS MLS #855635

$225,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 421 Panahi Road

Taxable ValueLand$14,428Additions$77,821Total$92,249
Tax Record2020$3,106 ($259 / month)
Home Facts
Baths4Total Finished SqFt2,862 SqFtAbove Grade Finished SqFt2,862 SqFtStories1Lot Size9,542 SqFtStyleQuadraplexYear Built1987CountyEL PASOAPNF80000202100280

Schools near 421 Panahi Road

This home is within Socorro Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Campestre Elementary School
PublicPK to 5

Socorro Middle School
Public6 to 8

Socorro High School
Public9 to 12

Options High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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421 Panahi Road is a single family home for sale in Socorro, TX 79927. This property was listed for sale on November 12, 2025 by Leon Realty Group, LLC, it's currently listed at $380,000. It has been on the market for a total of 43 days and was last sold on December 21, 2021. This listing's school district is Socorro Independent School District. Nearby schools include Campestre Elementary School, Socorro Middle School and Socorro High School. 421 Panahi Road is a 8-bed, 8-bath, 2,862 sqft single family home built in 1987.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Leon Realty Group, LLC

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.