Multi-Family $ 350,000

9020 NORTON ST

El Paso, TX 79904

  • 3,000 SqFt
  • 6,969 Lot Size
  • 1980 Year Built
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.
Listed by REAL Broker LLC

VIRTUAL TOUR

PROPERTY DETAIL

  • 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®

  • Location

    State TX

    County El Paso

    Community Del Norte Acres

    Zoning AO

  • Building

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

    Sewer Public Sewer

    Water City

    Structure Type Stucco

  • 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

  • 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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CONTACT

Evan Karam
Evan Karam

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