- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
Street View
$450,000
Monthly Est:$2,240
2 Beds
1 Bath
4,872sqft
501 S Ave G, Portales, NM 88130
$450,000
$2,240/moEst:
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Multi Family
Built in 1977
$-- HOA
21,000 sqft lot
$92/sq.ft
Description
Offered at an asking price of $450,000, the property generates a compelling 6.77% cap rate, providing investors with immediate cash flow and long-term upside potential. Fully remodeled within the last five years, this six-unit property consists of three duplexes situated on a single lot and is 100% occupied as of February 2026. Featuring all 2-bedroom, 1-bathroom units, the property benefits from strong historical occupancy driven by its location less than a half-mile from Eastern New Mexico University, making it an attractive and proven student housing investment.
- Houzeo last checked: 12 hours ago
- Listing updated: July 22, 2026 at 2:04 am
- Listing Provided by: Luke Scarpa (505) 504-8883 DRE #REC20230302 | NAI SunVista Commercial RE (505) 878-0001
- Source: Greater Albuquerque AOR (SWMLS) MLS-NM | MLS#: 1104787
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1977
HOA Fees
-
Finished Area
4,872 sqft
Lot Size
21,000 sqft lot
Basement Area
- sqft
MLS Name
Greater Albuquerque AOR (SWMLS) MLS
MLS Number
1104787
MLS Status
Active
Days on Market
122
Cumulative Days on Market
48
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathroom: 1
Interior
Flooring
Vinyl
Cooling
Refrigerated
Heating
Forced Air
Appliances
Free Standing Gas Range, Microwave, Refrigerator
Construction
Year Built
Year Built: 1977
Home type
Multi Family
Property Condition
Resale
Utilities & Energy
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Other Features
Tenant Pays
Electricity, Gas, Sewer, Water
Disclosures
Lead Based Paint Disclosure, Ranm2100disclosure
Price History
| Date | Event | Price |
|---|---|---|
06/04/2026 Source: | Listed for Sale | $450,000 $92/sqft |
Find Homes by Property Features in Portales, NM
Based on information from the Greater Albuquerque Association of REALTORS® (alternatively, from the Southwest MLS) through Oct 02, 2026, 09:00AM. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by The Service. © 2026 Greater Albuquerque Association of REALTORS®. All Rights Reserved.
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