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$450,000
2 Beds
1 Bath
4,872sqft
501 S Avenue G, Portales, NM 88130
$450,000
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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: 23 minutes ago
- Listing updated: June 4, 2026 at 5:16 pm
- 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
35
Cumulative Days on Market
1
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
