Las Cruces NM Multi Family for Sale
- Type:
- Other
- Sq.Ft.:
- 2,214
- Status:
- NEW LISTING
- Beds:
- 3
- Year built:
- 1932
- Baths:
- 2.00
- MLS#:
- 2403401
- Subdivision:
- Original Townsite
ADDITIONAL INFORMATION
DOWNTOWN LAS CRUCES INVESTMENT OPPORTUNITY. This charming adobe-built renovation is located in the Mesquite Historic District within 10 blocks of the Las Cruces Farmers Market. This property consists of two units. Unit A is 1092 square feet, 2 bedrooms, .75 bathroom. Unit B is 1122 square feet, 1 bedroom, PLUS a super cute loft space, and a .75 bathroom. Both units have stackable washer/dryer hookups. Both units are all-tile and some vinyl flooring in unit B. New exterior elastomeric paint was completed October 2024. Centrally located near shopping, live theatre, restaurants, coffee shops, pubs, all that vibrant downtown Las Cruces has to offer.
- Type:
- Duplex
- Sq.Ft.:
- 1,960
- Status:
- NEW LISTING
- Beds:
- 4
- Year built:
- 1945
- Baths:
- 3.00
- MLS#:
- 2403348
- Subdivision:
- Bella Vista
ADDITIONAL INFORMATION
This duplex property offers incredible potential for investors or homeowners looking to add an asset to their portfolio. Located in the heart of Downtown Las Cruces, the property features two separate units:Main Unit (3 Bed / 2 Bath): This unit includes refrigerated air for year-round comfort. It's perfect for an owner-occupant or as a rental property.Second Unit (1 Bed / 1 Bath): Includes a kitchen and living room but requires some work to unlock its full potential. The second unit is equipped with evaporative cooling.Key property features include a new roof installed last year, security fencing around both the front and back yards, and back alley access for convenience. Whether you're looking to renovate and rent both units, live in one and rent the other, or explore other options, this property is full of possibilities. With Downtown Las Cruces' growing rental demand, this is an opportunity you don't want to miss.
- Type:
- Other
- Sq.Ft.:
- 2,943
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1930
- Baths:
- MLS#:
- 2403228
- Subdivision:
- Original Townsite
ADDITIONAL INFORMATION
Discover a unique multi-unit property with three separate residences, perfect for multi-generational living, rental income, or a versatile investment opportunity. The main home is an adobe house with a charming stone facade, featuring 3 bedrooms, 2 bathrooms, an office, and a second living room--blending modern comfort with timeless character. The second unit is a classic adobe home with 2 bedrooms and 1 bath, offering cozy appeal. Completing the trio is a 336 sq. ft. Studio unit in the back, adding even more flexibility to this .34-acre property. With R2 multi-family zoning and a zoning overlay of SMAZD, there is potential to build additional units (buyer to verify with the City of Las Cruces zoning). Originally built in 1930, this property is a rare find that merges historic charm with modern possibilities.
- Type:
- Duplex
- Sq.Ft.:
- 1,064
- Status:
- Active
- Beds:
- 2
- Year built:
- 1957
- Baths:
- 2.00
- MLS#:
- 2403107
- Subdivision:
- Parker Place 2nd Amended Subdivision
ADDITIONAL INFORMATION
Looking for a great investment opportunity? This duplex offers two 1-bedroom, 1-bath units, each with a fenced yard for added privacy. With a total of 1,064 sq ft on a .155-acre lot, it provides the perfect setup. Currently generating a gross monthly rent of $1,200, this property has steady income potential. The units are being sold As-Is, making it a great chance for a buyer looking to add value with a little TLC. Whether you're a seasoned investor or just starting, this duplex is a smart investment opportunity. Don't miss out!
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Year built:
- 1949
- Baths:
- 6.00
- MLS#:
- 2403080
- Subdivision:
- Andrews Summary Subdivision
ADDITIONAL INFORMATION
This stunning 6-plex, nicknamed ''The Tall Pines'', due to the remarkable large pine trees that encapsulate this property, is a must see. Designed in a horseshoe/U pattern, it allows for a shared common area which residents love to take advantage of. Easy to find and situated off S. Solano, between Idaho and Boutz, this revitalized 6-unit property is just 1 mile from NMSU and 2 miles from downtown, offering ease of travel for anyone attending NMSU or someone wanting to take advantage of the amazing eateries and breweries located downtown. Measures of investment performance at list price of $671,260 and with average rent of $787 include GRM of 11.85, Before Reserves Cap rate of 5.70% and after tax IRR of 10.50%.
- Type:
- Duplex
- Sq.Ft.:
- 1,220
- Status:
- Active
- Beds:
- 3
- Year built:
- 2005
- Baths:
- 2.00
- MLS#:
- 2403063
- Subdivision:
- Country Club Mesa
ADDITIONAL INFORMATION
Welcome to this fantastic investment property! Featuring two units, each with 3 bedrooms and 2 baths, this property offers the perfect blend of comfort and opportunity. Highlights include:Spacious Open Floor Plans with all ceramic floor title: Enjoy the flexibility and modern feel of open living areas.Refrigerator Air: Stay cool and comfortable with efficient air conditioning.Income Potential: Live in one unit and rent out the other to offset your mortgage or generate extra income.This is an ideal choice for homeowners and investors alike. Don't miss the chance to own this versatile property!
$1,399,890
2250 S Locust Street Las Cruces, NM 88001
- Type:
- Multi-Family
- Sq.Ft.:
- 10,270
- Status:
- Active
- Beds:
- 3
- Lot size:
- 1.03 Acres
- Year built:
- 1962
- Baths:
- 2.00
- MLS#:
- 1070777
- Subdivision:
- Section 21, Tract 23S , Range 2E, Inst# 2131656
View additional info
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
ADDITIONAL INFORMATION
With 13 ground floor apartments with plenty of private parking right near each apartment's front door, residents love the added privacy and security of patio home style living as much as they love the unique amenities and recent upgrades each unit offers. The current owners have completed significant renovations and updates, including a new electrical service for 7 apartments. There are also multiple HVAC upgrades, including 3 new package units on 3 brand new 1 bedroom / 1 bath apartments. More than 1/2 the apartments have been renovated in the last 2 years, offering the next owner a clear pathway to easy further value add measures or a stabilized and well-maintained core asset. Equally, several significant but optional value add opportunities remain for the next owner, includi
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- 2402873
- Subdivision:
- College Heights
ADDITIONAL INFORMATION
Rare opportunity to own such a well-located and unique apartment compound so close to NMSU. 13 ground floor apartments with plenty of individual parking right near each unit's front door, residents love the added privacy and security of patio home style living.More than 1/2 the apartments have been renovated in the last 2 years, offering the next owner a clear pathway to easy further value add measures or a stabilized and well-maintained core asset. Equally, several significant but optional value add opportunities remain for the next owner, including creating additional common area amenities, adding a casita-style unit to the compound, updating each unit with additional amenities, or renovating the 3 bedroom 2 bathroom main house for optimal performance.
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Year built:
- 1984
- Baths:
- 8.00
- MLS#:
- 2402610
- Subdivision:
- Desert Willow Estates
ADDITIONAL INFORMATION
This updated two story 8-plex is a must see!! Situated off one of Las Cruces' busiest streets, Missouri Ave., it offers seven nicely situated, 1-bed & 1-bath, units at approximately 483 sq/ft and 1 unit being approximately 823 sq/ft. Half of the units are located downstairs and the other half upstairs. The larger unit, #1, also has a 2-car garage that accompanies it that can be kept as a garage space for this unit or turned into individual storage rooms, a laundry room, or even another unit. This larger unit also boasts a private cedar fenced in yard in the rear, making it a perfect space for grilling, relaxing, or letting pets run around in. Measures of investment performance at list price of $737,114 and with average rent of $751 include GRM of 10.22, Cap rate of 6.24%.
- Type:
- Duplex
- Sq.Ft.:
- 2,322
- Status:
- Active
- Beds:
- 4
- Year built:
- 1977
- Baths:
- 3.00
- MLS#:
- 2402547
- Subdivision:
- Country Club Estates
ADDITIONAL INFORMATION
Duplex located in Las Cruces! Consisting of a 2bd/1ba and a 2bd/2ba both approximately 1,100 sqft. This charming duplex offers a fantastic opportunity for both investors and homeowners alike. Situated in a desirable neighborhood, this property boasts very spacious units with covered parking!
$1,200,000
1996 Pinetrail Las Cruces, NM 88012
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 12
- Year built:
- 2023
- Baths:
- 12.00
- MLS#:
- 2402432
- Subdivision:
- The Pines Estates
ADDITIONAL INFORMATION
CALLING ALL INVESTORS! A rare opportunity presents itself in Las Cruces, New Mexico with this masterpiece of a design. Each of the 4 units are two-story with approximately 1700 sq. ft. of living space. Each unit features 3 bedrooms, 2.5 bathrooms, double car garage, with small yard. All units are tiled throughout! Kitchen to each unit comes equipped with stainless steel appliances. Sits comfortably in The Pines subdivision. Located close to schools, shopping, restaurants, highway access! Owner/Broker
- Type:
- Apartment
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Year built:
- 1958
- Baths:
- 8.00
- MLS#:
- 2402392
- Subdivision:
- College Mesa
ADDITIONAL INFORMATION
This eight-unit multifamily property is a prime investment opportunity, boasting five fully renovated units with modern upgrades and amenities. The renovations include brand new kitchens and bathrooms, interior and exterior paint, redesigned bathrooms for improved functionality, new tile floors, fixtures, cabinets, refrigerators, ranges, kitchen sinks, countertops, plumbing, interior and exterior doors, electric wall heaters, ceiling fans, blinds, and more. Additionally, all units feature new metal roofs, windows, security doors, seven new AC units, improved road and parking areas, and additional parking spaces. The property is further enhanced by a 6-foot solid metal fence surrounding the entire premises, providing added security for tenants. With these recent improvements and upgrades, this multifamily property has so much to offer. Investing in multifamily properties like this one can be a lucrative endeavor for several reasons. Firstly, owning multiple units in one property provides diversification
- Type:
- Duplex
- Sq.Ft.:
- 2,164
- Status:
- Active
- Beds:
- 6
- Year built:
- 1952
- Baths:
- 3.00
- MLS#:
- 2402383
- Subdivision:
- Dale Bellamah Annex
ADDITIONAL INFORMATION
This newly renovated corner lot duplex offers exceptional income potential and a prime location. Features two updated units with modern amenities and spacious living areas. The unit on the Luna Street side includes 3 bedrooms, 1 (3/4) bath, & approximately 1,080 sqft of living space. Both units boasts new carpet, tile, paint, and a contemporary kitchen with granite counters, new cabinets, tile floors, and LED lighting. The dining area seamlessly integrates with the kitchen in an open-concept design. Similarly, the unit on the Calle Feliz side has 3 bedrooms, 2 (3/4) baths, and around 1,084 sqft of living space. Both units benefit from mini-split systems for efficient climate control and completely remodeled bathrooms with tile throughout. The property is conveniently located near New Mexico State University, shopping, restaurants, and medical facilities. Off-street parking, closed outdoor areas, ideal for a large family or for those who wish to keep loved ones nearby while maintaining separate living spaces
- Type:
- Triplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1938
- Baths:
- MLS#:
- 2401845
- Subdivision:
- College View
ADDITIONAL INFORMATION
Seize this excellent opportunity for your business in the highly sought-after University District. This prime location is within a short distance to restaurants, coffee shops, and the University. Offering convenience and vibrant surroundings. Set on a .53-acre lot, complete with parking area. The main building/home spans 1,944 square feet, additionally there is a detached duplex perfect for offices. Enjoy a well-maintained yard and common area, ideal for outdoor activities or relaxation. There are many diverse potential uses for this property such as offices, live/work unit, restaurant, art gallery, photography studio, fraternity/sorority house, and more. Don't miss out on this versatile and beautiful property. Schedule a viewing today to explore all the possibilities for your business! Duplicate Listing, MLS# 2401787
- Type:
- Triplex
- Sq.Ft.:
- 1,932
- Status:
- Active
- Beds:
- 3
- Year built:
- 1950
- Baths:
- 3.00
- MLS#:
- 2401742
- Subdivision:
- College Mesa
ADDITIONAL INFORMATION
Discover a unique investment opportunity with this charming triplex near New Mexico State University. This triplex is nestled in a sought-after High Density Residential (D3) zoning area, which offers incredible potential for investors and homeowners alike. The D3 zoning allows for future development possibilities, ensuring a long-term investment. Current occupants have been there for 10+ years and pay gas/electric.Whether you're looking to add a profitable property to your portfolio or seeking a home with rental income potential, this 1950 triplex is a must-see. Schedule a showing today and imagine the possibilities this charming property has to offer.
- Type:
- Triplex
- Sq.Ft.:
- 4,192
- Status:
- Active
- Beds:
- 7
- Lot size:
- 1 Acres
- Year built:
- 1920
- Baths:
- 6.00
- MLS#:
- 2401598
- Subdivision:
- N/a
ADDITIONAL INFORMATION
Historic Charm Meets Modern Convenience-Unique Property -Endless Possibilities. Perfect blend of history & modernity, original home built in 1920, exuding old-world charm-vibrant colors, & superb curb appeal. Located on 1.3 acres with pecan & fruit trees, includes EBID & water rights. Main house & additional units offer approx 4,192 sqft featuring 7 bedrooms, 6 baths, a welcoming entry, spacious living areas, a sunroom, & a large storage/office room. Enjoy the beautiful outdoor courtyard, perfect for relaxing & entertaining. Attached casita includes 1 bed/1 bath with a kitchen/dining/living space & stackable washer/dryer. Detached apartment come with 1 bed/1 bath, kitchen/dining/living space. Modern updates to the main home-custom Alder wood cabinets, new HVAC condenser/coil, 14 solar panels & updated windows to enhance energy efficiency. Commercial zoning offers excellent income potential. Don't miss this opportunity to own a well-maintained home that seamlessly combines historic allure w/modern amenities.
$509,000
651 Watson Lane Las Cruces, NM 88005
- Type:
- Other
- Sq.Ft.:
- 3,416
- Status:
- Active
- Beds:
- 5
- Lot size:
- 1 Acres
- Year built:
- 2005
- Baths:
- 4.00
- MLS#:
- 2401572
- Subdivision:
- N/a
ADDITIONAL INFORMATION
Located near Old Mesilla, this .86 acre property offers endless possibilities with its 3 structures: a primary home, another home, & a studio/workshop. Whether you choose to rent out all 3 structures, live in 1 and rent out the others, or create a main house, guest house, and studio, there are numerous ways to utilize this property. Current owners use 1 house as their residence, rent out the fully furnished second home as a short-term rental (furniture included in sale), and utilize the studio/workshop as an art studio. Property features solar, city water, septic, zia gas, and an irrigation well. Upgrades such as granite countertops, wood floors, and refrigerated air can be found throughout the structures, which are meticulously maintained. The grounds are equally stunning, w/ a beautiful enclosed courtyard, raised garden area, mature greenery, & a grow room for year-round vegetable cultivation. *Duplicate listing of Residential Active MLS#: 2401558
$1,299,237
2106 College Street Las Cruces, NM 88001
- Type:
- Multi-Family
- Sq.Ft.:
- 5,995
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.62 Acres
- Year built:
- 1960
- Baths:
- 1.00
- MLS#:
- 1061238
- Subdivision:
- College Mesa Subdivision 301
View additional info
Courtesy: NM Apartment Advisors, Inc.
505-440-8633
505-440-8633
ADDITIONAL INFORMATION
This strikingly revitalized one structure complex is a must see! Comprised of 2, 2/2's, 11, 1/1's, and 1 studio, allows for a diverse household makeup. Keeping the original name of The Casa Blanca Adobe Apartments, you get the keen sense of an adobe style structure with modern amenities and upgrades. Located just .3 miles from NMSU with a short 3-minute drive or 11-minute walk making it easy to get to class, tour the campus, fish at the Aggie duck pond, or grab a bite to eat at the Corbett Center Student Union. The revitalizing component spans from top to bottom. A new roof in 2023 with 12 new master cool units, full exterior two-color elastomeric paint, updated wood fencing, landscaping rock in front, updated exterior lighting with plenty of additional exterior lighting
- Type:
- Apartment Building
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 16
- Lot size:
- 1 Acres
- Year built:
- 1959
- Baths:
- 16.00
- MLS#:
- 2401133
- Subdivision:
- College Mesa Subdivision
ADDITIONAL INFORMATION
This strikingly revitalized one structure complex is a must see! Comprised of 2, 2/1's, 11, 1/1's, and 1 studio, allows for a diverse household makeup. Keeping the original name of The Casa Blanca Adobe Apartments, you get the keen sense of an adobe style structure with modern amenities and upgrades. Located just .3 miles from NMSU with a short 3-minute drive or 11-minute walk making it easy to get to class, tour the campus, fish at the Aggie duck pond, or grab a bite to eat at the Corbett Center Student Union. The revitalizing component spans from top to bottom. A new roof in 2023 with 12 new master cool units, full exterior two-color elastomeric paint, updated wood fencing, landscaping rock in front, updated exterior lighting with plenty of additional exterior lighting provided by El Paso Electric, more than enough on-site and street parking, and new signage bringing the exterior upgrades all together.Interior upgrades take this 65-year-old property from old to new as soon as you
$3,280,000
1400 S Espina Street Las Cruces, NM 88001
- Type:
- Apartment
- Sq.Ft.:
- 10,389
- Status:
- Active
- Beds:
- 28
- Lot size:
- 1 Acres
- Year built:
- 1972
- Baths:
- 18.00
- MLS#:
- 2400882
- Subdivision:
- College Subdivision
ADDITIONAL INFORMATION
Looking for a moneymaker with room to increase rents and income? This 18-unit complex near New Mexico State University may be the one! The property consists of 10 two bedroom and 8 one bedroom units situated in 6 buildings with individual washer & dryer hookups, heat, air & utilities. Current rents are below HUD Fair Market Rents in the 88001 zip code, which are $890 per month for 1 Brs and $1,000 for 2 Brs, If that's not enticing enough, the owner will finance the purchase. This is a terrific opportunity.
$2,050,000
1140 Monte Vista Avenue Las Cruces, NM 88001
- Type:
- Apartment
- Sq.Ft.:
- 13,392
- Status:
- Active
- Beds:
- 40
- Lot size:
- 1 Acres
- Year built:
- 1978
- Baths:
- 20.00
- MLS#:
- 2400308
- Subdivision:
- Crescent Park Addition
ADDITIONAL INFORMATION
MULTI-FAMILY INVESTMENT...In close proximity to New Mexico State University, this property offers a lucrative investment opportunity with a proven track record of rental success. The demand for quality rental units in the university area ensures a steady and reliable income stream.7% cap rate. $125,000 price per unit. Staircase redone (steel plate) and new swamp coolers 2023.
- Type:
- Other
- Sq.Ft.:
- 8,836
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1 Acres
- Year built:
- 1992
- Baths:
- MLS#:
- 2400069
- Subdivision:
- Ebl & T Co Subd-a
ADDITIONAL INFORMATION
Investors!!!! Take advantage of a secure investment opportunity with this beautifully maintained and well cared for mobile home park. The Park sits on 1.19 acres and has 8 mobile homes. The park's water is supplied by domestic well and is metered. There is 3 septic systems on the property which the Seller pays to maintain. Currently the Seller pays for water and sanitation. Current Gross Income for the park is $8195 a month.
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.18 Acres
- Year built:
- 1986
- Baths:
- MLS#:
- 2202540
- Subdivision:
- Tate
ADDITIONAL INFORMATION
This value-add opportunity is a core asset in that its 100% occupied and has had recent renovations, but could also be a value add in branding, signage and bringing the current rents that are 12% below market to market. Located in New Mexico's 2nd largest city, Las Cruces which is home to NM State University and its ~11,000 students this property is well situated close to campus and not too far away from the recently announced $75M movie studio (www.nmapartment.com/lcstudio). Las Cruces is also the Chile Capitol, is known for its pecan orchards and is the closest major city to Spaceport New Mexico, home of Virgin Galatic operations.These eight units are situated on two parcels and the owner is willing to sell the fourplexes individually at the following prices:2210 - $465,354 - 5.35% cap rate - $116,339 per unit - $155.12/sf2220 - $433,535 -5.33% cap rate - $108,886 per unit - $145.18/sfThe owner has recently spent $50,000 in upgrades and renovations.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service Inc., a wholly owned subsidiary of the Greater Albuquerque Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Southwest Multiple Listing Service, Inc.
Las Cruces Real Estate
The median home value in Las Cruces, NM is $269,700. This is higher than the county median home value of $246,100. The national median home value is $338,100. The average price of homes sold in Las Cruces, NM is $269,700. Approximately 51.31% of Las Cruces homes are owned, compared to 40.05% rented, while 8.64% are vacant. Las Cruces real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Las Cruces real estate agent to arrange a tour today!
Las Cruces, New Mexico has a population of 109,934. Las Cruces is less family-centric than the surrounding county with 26.5% of the households containing married families with children. The county average for households married with children is 27.08%.
The median household income in Las Cruces, New Mexico is $47,722. The median household income for the surrounding county is $47,151 compared to the national median of $69,021. The median age of people living in Las Cruces is 32.7 years.
Las Cruces Weather
The average high temperature in July is 94.7 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 10 inches per year, with 2.2 inches of snow per year.