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$165,000
20264208 MLS
OWNER FINANCING AVAILABLE! An excellent opportunity to own an income-producing duplex in the heart of Roswell! Whether you're looking to grow your investment portfolio or occupy one unit while generating rental income from the other, this versatile property offers endless possibilities. Offering 1,464 square feet of total living space, the duplex features two well-designed units. Unit 1 is a spacious 2-bedroom, 1-bathroom home with separate living, dining, and kitchen areas, washer and dryer hookups, central refrigerated air, and gas heat. Unit 2 offers 1 bedroom and 1 bathroom with an eat-in kitchen, separate living room, refrigerated window A/C, and gas heat. Recent updates include a new metal roof (2022), new vinyl flooring (2023), new kitchen cabinets (2026)and a new water heater (2026)The property features a single water meter with separate gas and electric meters, making utility management convenient. Located near shopping, restaurants, schools, and everyday conveniences, this property is an ideal addition to any investment portfolio. Owner financing is available, creating a unique opportunity for buyers seeking flexible financing options. Don't miss your chance to own a duplex with immediate income potential and long-term investment value!

609 W 8th St, Roswell

Listing courtesy of Real Broker LLC.

$81,000
20264184 MLS
Two homes situated on a generous quarter-acre lot, offering exceptional potential and flexibility. Tucked away on a quiet street yet still close to parks, shopping, and everyday amenities, this property provides the convenience of in-town living with the privacy and space that tenants or loved ones will appreciate. Whether youre looking to expand your rental portfolio or create a unique multi-generational living setup, the layout here opens the door to multiple possibilities. Each home offers its own individual space, making it easy to accommodate long-term tenants, provide independent living for family members, or even live in one unit while generating income from the other. The homes do require some updating, adding to the appeal for buyers seeking a property they can tailor to their vision. With the footprint already in place, its easy to imagine how thoughtful improvements could quickly elevate both value and comfort. Versatile, well-located, and full of potential, come explore what this unique property can become and take the first step toward creating something truly special.

114 W Adams Ave, Gallup

Listing courtesy of Exp Realty, LLC.

$4,099,999
64 Beds 2602162 MLS
Freedom Flats is a 32-unit multifamily investment located at 1301, 1309, 1317, & 1325 Fillmore Avenue in Alamogordo, New Mexico. The property features four 2-story buildings with 8 units each, built in 1983 on 1.32 acres total. All 32 units are 2 bed 1 bath units with 967 sf per unit. The property has undergone over $1,200,000 in interior and exterior upgrades and is fully renovated as of 2024.Stabilized and cash-flowing, this investment offers a 7.21% current cap rate at 100% occupancy with a clean rent roll. The property is priced at $128,125 per unit and is priced below replacement cost. Current rents trail the comp set by $100-$155, and leases roll through 2026-2027, meaning rent growth is built in and requires no additional investment.

1301 Fillmore Avenue, Alamogordo

Listing courtesy of Deacon Property Services, LLC.

$199,900
20243876 MLS
This well maintained triplex on a corner lot offers an excellent investment opportunity close to shopping and restaurants. Whether you're an investor looking for rental income or a homeowner seeking additional revenue, this property checks all the boxes. Updated interior and separate parking for each unit are just some of the key selling features for this property. Unit #1 (main house) offers 3 bedrooms, 1 bath, and a small shed. Unit #2 consists of a studio apartment and Unit #3 is a one bedroom apartment. All units are currently rented on a mont-to-month basis. This property also boasts a metal roof on each of three units for easier maintenance and longevity. Will qualify for FHA, Conventional, & VA Loans. Don't miss this income-producing opportunity!

320 Ross St, Clovis

Listing courtesy of Exp Realty, LLC.

$235,000
20263840 MLS
Multi-Family Investment Opportunity: Dual 3-Bedroom Units + Vacant Lot with Storage Discover an excellent income-producing property featuring two separate 3-bedroom residences and additional development/storage potential on a vacant lot. Perfect for investors seeking strong rental cash flow, house hacking, or portfolio expansion. Property Highlights Main Unit: 3 bedrooms, 2 bathrooms, 1,720 sq ft of living space Second Unit: 3 bedrooms, 1 bathroom, 822 sq ft of living space Total Living Space: Approximately 2,542 sq ft Additional Lot: Vacant parcel included with two storage units already in place ideal for extra rental income, workshop space, or future expansion This multi-family setup offers flexible living arrangements or turn-key rental income. The larger unit provides spacious family-style living with two full baths, while the smaller unit delivers efficient, cozy accommodations. Both units are well-suited for attracting quality tenants in a steady rental market. Call Michael Mazel at 505-519-6715.

706 1st St, Gallup

Listing courtesy of Keller Williams Realty Gallup Living.

$629,000
20263828 MLS
C-1 Zoned Residential/Commercial Income or Multifamily Property. Rare opportunity to own a turnkey residential/commercial property just off of Sudderth Drive. This property offers flexibility for investment, multifamily living, or home based business use. All on just over 1/2 acre. Total Living Space: 3,300 Sq. Ft. 6 Bedrooms, 4 Bathrooms Property includes: - 2,175 Sq. Ft. Primary Residence: 3 bedroom, 2 bath with solar panels that significantly reduce electricity expense. - 750 Sq. Ft. Attached Unit - 2 bedroom, 1 bath. Great mother-in-law quarters or rental unit. Used as short term rental since 2020. - 400 Sq. Ft. Detached Studio Cabin. Kitchenette, Queen Bed, 3/4 Bath, Mini-Split. Used as short term rental since 2019. - 288 Sq. Ft. Detached Cabin. Pet bathing station, storage, and mini split (ideal for pet grooming business or private use). The two rental units have been successfully operated as AirBnb/VRBO properties for 7 years with a track record of over $22,000 annual revenue. Both are being sold fully furnished, including appliances, TV's, beds, mattresses, linens, and current decor. Turnkey and ready to generate income day one. Additional Features; - Separate rear lot , with access from Walnut Drive. Lot has space for a mobile home , with utilities within access to the lot. - All properties are on water filter and softener. - Three sided wood burning fire place in primary residence. - Fenced garden in the from of property. - Parking for 6-7 automobiles. - Fires and Floods have not impacted this property. - Residential and commercial flexibility. Live in primary residence and rent the others, or operate as a full investment property.

108 Horton, Ruidoso

Listing courtesy of Homecoin.Com.

$238,000
4 Beds 2 Baths 20263630 MLS
Charming Duplex with Stunning Desert Landscaping in New Mexico This unique duplex offers the perfect blend of comfortable living and eye-catching curb appeal in a desirable New Mexico setting. Featuring vibrant mint green exterior with metal roofing, the property boasts meticulously designed xeriscape landscaping filled with mature cacti, succulents, native plants, and decorative stonework that thrives in the high-desert climate while minimizing maintenance. Inside, the bright and colorful interiors showcase personality with warm orange accent walls, wood cabinetry, tile flooring, and thoughtful updates throughout. The kitchens include ample storage and modern conveniences, while spacious living areas, comfortable bedrooms, and functional bathrooms provide everyday comfort. A large backyard oasis complete with a shade sail, fire pit, and patio seating area is ideal for entertaining or relaxing while enjoying mountain views. Perfect for owner-occupants or investors, this duplex combines artistic charm, practical desert living, and beautiful outdoor spaces. A true standout property!

913 Locust St, Truth Or Consequences

Listing courtesy of Sea Properties Ltd.

$400,000
20263449 MLS
An Investment Property with the best of two worlds, primary residence and income to pay for it. This special property has 3- One bedroom, 1 bath rental units in addition to the historical two story Colonial Revival style home. Step right in to a stunning alcove featuring a lovely orate staircase. The main level of this home offers a spacious living room with fireplace formal dining room, large eat-in kitchen, small bedroom, laundry room, and a 1/2 bath. Upstairs is the main bedroom with a huge ensuite bath, plus 4 more bedrooms and bathroom. Outside is an attached garage, covered deck, workshop/storage, open patio, all on the 50' x 142.5' fenced lot. This interesting property is located in the heart of the Las Vegas, NM community. Just can't go wrong with comfortable spacious living in the 2 story home and an income producing property located close to the university, Carnegie Public Library, and shopping. Call for a showing!

924 Seventh St, Las Vegas

Listing courtesy of Pueblo Del Sol.

$300,000
20263319 MLS
INVESTMENT OPPORTUNITY with this unique property! The front home is a charming 2-bedroom 1 bath residence, recently updated with new flooring, fresh paint, and thoughtful touches, making it turn-key ready for immediate occupancy or rental. Additionally, the small studio presents the potential for further cash flow through updates or can serve as a cozy guest room for visiting friends and family. This studio has not been updated. The back home, a well-maintained 3-bedroom, 1-bath home is currently rented, offering consistent income and has also received updates it has a separate driveway and parking. The homes sit on 2 large lots with lots of room to grow. This property truly has it all, endless possibilities for investors or homeowners. Schedule your appointment today.

1403 W Fox St, Carlsbad

Listing courtesy of Century 21 Dunagan Associates.

$750,000
20262144 MLS
Multi-family investment opportunity on a fully fenced 1-acre property offering income potential and room to grow. The property is tucked away in a peaceful area south of town and features a 4 bed, 2 bath manufactured home fully furnished with a deck that leads to an enclosed hot tub room. Two detached fully furnished units (built in 2024) each 850 sq ft, 2 bed, 1 bath that are currently active Airbnb rentals. The property is well equipped for residential living and operational flexibility with a 4 car garage, large metal shop, separate storage building, a charming enclosed garden and an outdoor play/hangout area for guests to enjoy. Two additional units that will be ADA accessible are underway (framing and walls only) offering a valuable opportunity to increase rental income and customize the additional living spaces.

7424 Dulce, Carlsbad

Listing courtesy of Century 21 Dunagan Associates.

$429,900
20261845 MLS
Brand-New 2026 Triplex Prime Investment or Owner-Occupant Opportunity! Dont miss this incredible opportunity to own a newly built 2026 triplex in a growing area near Elephant Butte Lake and Truth or Consequences! This modern property features three well-designed units, including one spacious 2-bedroom, 1-bath unit and two comfortable 1-bedroom, 1-bath units. Each unit is thoughtfully finished with stylish granite countertops, sleek stainless steel appliances, and beautiful white shaker cabinets, offering a clean, contemporary look that tenants will love. With open, functional layouts and quality finishes throughout, this triplex is perfect for investors seeking strong rental potential or for an owner-occupant looking to live in one unit while generating income from the other two. Conveniently located near outdoor recreation, hot springs, and local amenities, this property combines lifestyle and investment appeal in one package. Whether youre expanding your portfolio or looking for a smart live-in investment, this property is a must-see!

106 Inca St, Elephant Butte

Listing courtesy of Rio Mesa Realty.

$235,000
20261172 MLS
Investment Opportunity 3 Unit Multi-Family | Gallup, NM Excellent opportunity to acquire a centrally located 3-unit multi-family property at 610 S Fifth Street. This 24 unit property features three 2-bedroom, 1-bath units totaling approximately 2,832 square feet. Property is tenant occupied with separate electric, gas, and water meters, helping simplify management and expense control. Current rents are below market value, creating immediate upside potential for investors seeking improved cash flow. With strategic rent adjustments aligned to market rates, this asset offers strong income growth potential and attractive long-term returns. Situated on a corner lot near Fifth and Logan, the property offers convenient access to city amenities. Each unit includes functional layouts, dedicated living space, and access to on-site laundry facilities. Frame and stucco construction, pitched shingle roof, and city utilities provide a solid foundation for continued performance. Whether you are expanding your portfolio or entering the multi-family market, this property presents a compelling value at $235,000 with room to increase revenue and enhance overall yield. Shown by appointment only. 24-hour notice required. Pre-qualified buyers only.

610 S Fifth St, Gallup

Listing courtesy of Coldwell Banker High Desert Realty.

$349,900
20260695 MLS
520 Mitchell Street Historic Downtown Clovis Investment & Hospitality Opportunity Step into a rare opportunity to own one of Clovis' most unique and versatile properties. Originally built in 1937, this 5,222-square-foot historic property has evolved through multiple successful chaptersfrom family residence, to professional office space, back to a private home, and most recently a boutique short-term rental destination. Located just steps from downtown Clovis and only 15 minutes from Cannon Air Force Base, this property offers exceptional flexibility for investors, entrepreneurs, owner-operators, multi-generational families, or anyone seeking a property that can generate income while providing abundant living space. Previously operated as The Canna House by High Society Rentals, the property successfully hosted travelers from across the Southwest and developed strong relationships with local businesses and community partners. The operation demonstrated the property's potential as a destination lodging experience while leaving significant opportunity for future owners to expand marketing efforts and increase occupancy. The property features five bedrooms, three bathrooms, multiple common areas, entertainment spaces, and a separate upstairs apartment ideal for an on-site owner, manager's quarters, long-term tenant, executive housing, or additional short-term rental income. An efficiency suite offers yet another revenue opportunity. Recent improvements include updated flooring, fresh paint, trim upgrades, and a new electric water heater. Approximately 90% of furnishings, all linens, and the majority of dcor can convey with the sale, creating a largely turnkey opportunity for the next owner. Potential uses include: Boutique Bed & Breakfast Airbnb / Short-Term Rental Operation Executive or Corporate Housing Military Relocation Housing Multi-Generational Residence Event and Retreat Venue Mixed-Use Live/Work Property As an added value, the current owners are willing to provide up to 60 days of transition assistance to help a new owner understand operational considerations, guest management, and the fundamentals of running a hospitality-focused business from the property. Properties offering this combination of historic character, downtown location, flexible layout, income-producing potential, and turnkey furnishings rarely become available. Whether your vision is hospitality, investment, housing, or a unique personal residence, 520 Mitchell Street offers possibilities that extend far beyond a traditional home. Schedule your private showing today and discover the opportunity waiting behind this historic Clovis landmark.

520 N Mitchell St, Clovis

Listing courtesy of Sagebrush Real Estate.