Sedona Hills Real Estate | Sedona Hills Multi-Family Homes for Sale

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.

$465,000

8 Beds ⋅ 4 Baths ⋅ 26000180 MLS

Excellent investment opportunity with this income-producing fourplex featuring four spacious units. Each unit offers 2 bedrooms, 1 full bathroom, a comfortable living room, a functional kitchen, and ample living space designed for everyday comfort. The property's practical floor plan appeals to a wide range of tenants, making it an ideal addition to any investment portfolio. Whether you're a seasoned investor or looking to expand your rental holdings, this fourplex provides strong rental potential and long-term value. Don't miss the chance to own a versatile multi-family property with consistent income-generating possibilities.

2433 21st E, Clovis

Listing courtesy of Burton Realty & Auction, LLC..

$199,000

4 Beds ⋅ 2 Baths ⋅ 26000150 MLS

Duplex Investment Opportunity! 708 -710 S. Wyoming Ave., Roswell, NM 88203 at $199,000.00 2 Solid Units, each offering 2 Bedrooms / 1 Bathroom , private carport, laundry hookups, fenced yard and an extra lot big enough to build a second home or duplex. Perfect for house hacking - live in one unit and let the other help pay your mortgage or add two income-producing structures to your investment portfolio. No owner financing.

710 S Wyoming Ave Unit A&B, Roswell

Listing courtesy of Real Broker LLC.

$295,000

6 Beds ⋅ 2602248 MLS

Duplex For Sale, each unit is 3 bedroom/2 bath. Each unit currently rents for $1,175.00 per month. Tenants pay all utilities. Seller owns adjacent duplex, which is also for sale. Owner/Broker

705 Cactus Unit 1 & 2, Las Cruces

Listing courtesy of BHGRE Steinborn & Associates.

$295,000

6 Beds ⋅ 2602247 MLS

Duplex For Sale, each unit is 3 bedroom/2 bath. Each unit currently rents for $1,175.00 per month. Tenants pay all utilities. Seller owns adjacent duplex, which is also for sale. Owner/Broker

1362 Santa Fe Unit 1 & 2, Las Cruces

Listing courtesy of BHGRE Steinborn & Associates.

$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.

$209,900

20262875 MLS

Versatile investment opportunity! This unique property features a 1,668 sq ft front home with 3 bedrooms and 2 bathrooms, plus a separate 600 sq ft accessory unit at the rearall situated on a generous 50' x 160' lot on the same parcel. Both units are currently tenant-occupied, offering immediate rental income potential. Property could benefit from some updates and TLC, making it an excellent opportunity for investors or buyers looking to add value.

1112 N Lea Ave, Roswell

Listing courtesy of Berkshire Hathaway Home Services Enchanted Lands - Roswell.

$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.

$230,000

20261664 MLS

This presents an excellent opportunity to acquire a renovated, multi-family community property. There is potential to occupy one unit and lease the remaining units, or to purchase the property solely as an investment. The property is conveniently located off 7th Street, in close proximity to Prince, offering easy access to all areas of town. We encourage you to contact us today for further information or to arrange a private viewing.

711 E 7th St, Clovis

Listing courtesy of RE/MAX First Place Realtors Clovis.

$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.

$265,000

20260810 MLS

Welcome to this newer-construction 2-bedroom, 2-bath duplex offering modern design with an airy, cozy feel. Thoughtfully laid out with contemporary finishes, this home is perfect for comfortable living and low-maintenance ownership. Conveniently located with excellent access to Cannon Air Force Base, shopping, and dining. Ideal for owner-occupants or investors alike. Investor opportunity: option available to purchase all five duplex units as a package.

320 Cortez St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$265,000

20260809 MLS

Welcome to this newer-construction 2-bedroom, 2-bath duplex offering modern design with an airy, cozy feel. Thoughtfully laid out with contemporary finishes, this home is perfect for comfortable living and low-maintenance ownership. Conveniently located with excellent access to Cannon Air Force Base, shopping, and dining. Ideal for owner-occupants or investors alike. Investor opportunity: option available to purchase all five duplex units as a package.

316 Cortez St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$265,000

20260807 MLS

Welcome to this newer-construction 2-bedroom, 2-bath duplex offering modern design with an airy, cozy feel. Thoughtfully laid out with contemporary finishes, this home is perfect for comfortable living and low-maintenance ownership. Conveniently located with excellent access to Cannon Air Force Base, shopping, and dining. Ideal for owner-occupants or investors alike. Investor opportunity: option available to purchase all five duplex units as a package.

308 Cortez St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$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.

$265,000

20260808 MLS

Welcome to this newer-construction 2-bedroom, 2-bath duplex offering modern design with an airy, cozy feel. Thoughtfully laid out with contemporary finishes, this home is perfect for comfortable living and low-maintenance ownership. Conveniently located with excellent access to Cannon Air Force Base, shopping, and dining. Ideal for owner-occupants or investors alike. Investor opportunity: option available to purchase all five duplex units as a package.

312 Cortez St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$265,000

20260806 MLS

Welcome to this newer-construction 2-bedroom, 2-bath duplex offering modern design with an airy, cozy feel. Thoughtfully laid out with contemporary finishes, this home is perfect for comfortable living and low-maintenance ownership. Conveniently located with excellent access to Cannon Air Force Base, shopping, and dining. Ideal for owner-occupants or investors alike. Investor opportunity: option available to purchase all five duplex units as a package.

300 Cortez St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$299,000

20256880 MLS

Take a look at this prime investment opportunity. This centrally located 4-plex is full of potential and already has 3 tenants in place, offering immediate income. This property definitely has potential for a high performing addition to your portfolio. Get it while it's still available.

1308 W Church St, Carlsbad

Listing courtesy of Empire Real Estate Group, LLC.

$360,000

20256640 MLS

NEW CONSTRUCTION Great Investment opportunity. Brand new duplex. Each unit features 2 bedrooms, two baths with an attached garage. Each unit has brand new kitchen appliances. Central heat and air. Utilities are metered separately.

1712 W 17th St St, Portales

Listing courtesy of Beacon Realty, LLC.

$159,000

20256133 MLS

Tri-plex containing two efficiency units and one, two bed one bath unit. Fully occupied, with leases. Nicely located property, just a block from the Catholic Church located on Green St., and close to downtown Gallup. Call us today if you'd like to see it.

206 S Woodrow, Gallup

Listing courtesy of Keller Williams Realty Gallup Living.

$189,000

20256222 MLS

Investor Opportunity Fully Occupied Duplex! This multi-family duplex is perfect for investors seeking a property with immediate income! Featuring two one-bedroom units, both currently occupied with tenants, this is a turnkey investment you dont want to miss. Each unit offers comfortable living spaces and steady rental income potential. The property is located in a convenient area close to schools, shopping, and local amenities. Whether youre expanding your rental portfolio or getting started in real estate investing, this duplex is an ideal fit!

107 S Eighth St, Carlsbad

Listing courtesy of Century 21 Dunagan Associates.

$284,000

20256041 MLS

Excellent investment opportunity** 4-Unit multifamily property featuring one 1-bedroom, two 2-bedroom and one 3-bedroom units. Large front porch. Split Units added to all units in 2024. New Roof in 2024. This property offers a strong combination of current income and long term value. Don't miss your chance to acquire a value-add asses in a steady rental market. Call Karen S Miller 575-703-6121 for your viewing.

1407 W Hank Ave, Artesia

Listing courtesy of Harwell & Associates Real Estate.

$266,000

20256035 MLS

Excellent investment opportunity** 4-Unit multifamily property featuring one 1-bedroom, two 2-bedroom and one 3-bedroom units. Large front porch. Split Units Added to B & C in 2024. New Roof in 2024. This property offers a strong combination of current income and long term value. Don't miss your chance to acquire a value-add asset in a steady rental market. Call Karen S Miller for Your viewing 575-703-6121

1501 W Hank Ave, Artesia

Listing courtesy of Harwell & Associates Real Estate.

$129,900

20255382 MLS

Income-generating duplex featuring two units totaling 1,880 sq ft. The main unit offers 1,306 sq ft with 2 bedrooms, 1 bathroom, and a bonus room located past the laundry room suitable for office, storage, or workspace. The larger unit also includes a generous partially finished basement for additional storage. The secondary unit provides 574 sq ft with 1 bedroom and 1 bathroom. The property includes a long driveway accommodating parking for both units. Both units have recent rental history, with potential to benefit from modern updates. This property offers multiple investment strategies: maintain as a rental property with existing tenant income, use as owner-occupied investment by living in the larger unit while collecting rent from the smaller unit, or develop as a family compound. Located near restaurants and shopping for convenience, also walking distance to Highlands University - convenient for student tenants! Ready for buyer's updates and improvements to maximize potential. ***ALL OFFERS CONSIDERED***

1412 8th St, Las Vegas

Listing courtesy of Home & Land Professionals.

$79,900

20255024 MLS

Investment Opportunity! This property offers two rental units on one lot, making it an excellent income-producing investment. The main house is a 3-bedroom, 1-bath home currently leased for $700 per month. Behind it sits a 1-bedroom, 1-bath guest house that rents for $630 per month. Both homes are situated on a corner lot, providing tenants with their own space and privacy. With reliable rental income already in place, this property is perfect for investors looking to expand their portfolio or get started in real estate investing.

1020 W 8th St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$185,000

20254990 MLS

Versatile Multi-Family Property in the Heart of Downtown Gallup! Don't miss this incredible opportunity to own a fully remodeled multi-family home in downtown Gallup! This well-maintained property features two separate unitsperfect for use as a duplex or two rental apartments. Each level offers 2 bedrooms and 1 full bathroom, ideal for owner-occupants, investors, or multi-generational living. Enjoy peace of mind with a brand new roof and new evaporative cooling system. Both kitchens have been beautifully remodeled with modern finishes, and the property has the potential to come fully furnishedready for move-in or immediate rental income. Located just minutes from schools, restaurants, and all that downtown Gallup has to offer, this property combines comfort, convenience, and investment potential. Live in one unit and rent the other, or add a strong performer to your rental portfolio. Schedule a showing todaythis one wont last!

804 E Hill Ave, Gallup

Listing courtesy of Cedar & Ivy Real Estate, LLC.

$141,000

20254989 MLS

2.524 Acre Property with Two Homes, Covered Stalls & Room to Expand Near Portales & ENMU This 2.524 acre property offers an exceptional opportunity for comfortable living, livestock care, and potential rental incomeall just minutes from Portales and Eastern New Mexico University (ENMU). Two Single-Wide Mobile Homes Included: Home A: 2 Bedrooms, 2 Bathrooms Home B: 2 Bedrooms, 1 Bathroom Both homes are equipped with central air conditioning, providing year-round comfort. Equestrian/Livestock Features: Eight 45' x 15' covered stalls, ideal for horses or other livestock Ample space available to add an arena or riding area to suit your needs Additional Highlights: Convenient blacktop road access Close proximity to ENMU excellent investment or rental potential Full RV/travel trailer hookup on-site for added versatility Whether you're an equestrian enthusiast, investor, or someone looking for a rural property with room to grow, this listing combines functionality, location, and value. Dont miss your chance to own a multi-use property with excellent access and endless potential. Call us at Buena Vista Realty for your private showing. 575-226-0671

754 S Roosevelt Rd, Portales

Listing courtesy of Buena Vista Realty.

$146,000

20251646 MLS

Contact your favorite Realtor to see this rent producing property. Call Favi Sotelo Jurney at 575-513-1313 to schedule a private viewing.

400 S Manchester Ave, Hagerman

Listing courtesy of Lois Oliver Real Estate.

$284,000

20256046 MLS

Excellent investment opportunity** 4-Unit multifamily property featuring one 1-bedroom, two 2-bedroom and one 3-bedroom units. Large front porch. Split units added to all units in 2024. New roof in 2024. This property offers a strong combination of current income and long term value. Don't miss your chance to acquire a value-add asset in a steady rental market. Call Karen S Miller 575-703-6121

1505 W Hank Ave, Artesia

Listing courtesy of Harwell & Associates Real Estate.

$275,000

5 Beds ⋅ 3 Baths ⋅ 20262520 MLS

Discover this rare riverfront property offering the perfect blend of modern comfort and outdoor adventure. Nestled along the river with stunning mountain views, the property features two recently remodeled single-family dwellings (manufactured homes) with bright, open-concept interiors. Both homes boast beautiful updates including: Crisp white kitchens with spacious islands, quartz/granite countertops, stainless appliances, and abundant cabinetry Luxury vinyl plank flooring throughout Stylish bathrooms with modern vanities, fixtures, and showers/tubs Fresh paint, new lighting, and ample natural light Outside, each home enjoys a private wooden deck right at the river's edge - perfect for fishing, relaxing, or watching the sunset. The expansive grounds provide plenty of room for parking, RV storage, gardening, or future expansion, with existing raised beds already in place. Whether you're looking for a multi-generational setup, income potential, or your own private desert river retreat, this Truth or Consequences gem delivers endless possibilities. Buy with the property next door for even more potential!

613 N Riverside Dr, Truth Or Consequences

Listing courtesy of Sea Properties Ltd.

$250,000

4 Beds ⋅ 3 Baths ⋅ 20262522 MLS

Discover this unique riverfront property offering the perfect blend of modern comfort and outdoor living. Nestled along the Rio Grande, the property features two single-family dwellings with fresh interiors, including bright open-concept kitchens with white and gray cabinetry, elegant marble countertops, stainless appliances, and durable wood-look flooring throughout. Both homes boast updated bathrooms, spacious living areas, and abundant natural light. Outside, enjoy mature shade trees (including fruit-bearing varieties), expansive gravel areas ideal for parking, RV storage, gardening, or future projects, and stunning views of the surrounding desert hills. A highlight is the private wooden deck extending right to the river-perfect for relaxing, fishing, or entertaining while soaking in the peaceful sounds of the water. Whether you're seeking a primary residence, investment opportunity with rental income potential, or a peaceful getaway, this rare Truth or Consequences riverfront offering delivers space, versatility, and unbeatable access to nature. Buy with the property next door for even more potential!

703 N Riverside Dr, Truth Or Consequences

Listing courtesy of Sea Properties Ltd.

$190,000

20261569 MLS

Turnkey opportunity in Clovis! This beautifully remodeled 2 Unit Home at 1309 Reid offers two updated units with stylish finishes and modern upgrades throughout. Whether youre looking to expand your rental portfolio, house hack or call home, this property delivers flexibility and strong income potential. Located in a convenient area close to everything Clovis has to offerthis one is ready to go!

1309 N Reid St, Clovis

Listing courtesy of Better Homes & Gardens Real Estate Experience.

$675,000

8 Beds ⋅ 2601851 MLS

VERY NICE 4PLEX WITH BRICK EXTERIOR, LOCATED CLOSE TO NMSUPARTIAL REMODEL IN 2025, TO INCLUDE NEW FURNACES, WATER HEATERS, GRANITE COUNTERTOPS, KITCHEN AND BATHROOM CABINETS, TOILETS, HARDWARE, FAUCETS, DOORS, LIGHTING, CEILING FANS, SHEETROCK WORK, ELECTRICAL AND MORE.THREE APTS RENT FOR $985/MO EACHONE APT RENTS FOR $1,075/MOGROSS MONTHLY RENTS OF $4,030WATER AND TRASH INCLUDED WITH RENT. TENANT PAYS ELECTRIC AND GAS.TWO PARKING SPACES CLOSE TO FRONT DOOR FOR EACH UNIT. EACH APT HAS A PATIO AND SMALL YARD WITH ROCK WALL. MANY RESTAURANTS AND BUSINESSES NEARBY. EASY ACCESS TO HIGHWAYS AND ANYWHERE IN BEAUTIFUL LAS CRUCES.

1820 Rentfrow Avenue, Las Cruces

Listing courtesy of Makeityourplace.

$1,300,000

2601846 MLS

Brand new construction luxury fourplex in the highly desirable Mission Nuevo area, offered at $1,300,000 as a complete package. Perfect turnkey asset with no HOA, ideal for investors or an owner-occupant looking for premium rental income. Sits overlooking Sonoma Ranch Golf Course Hole 11, offering stunning golf course views from balconies.Each of the four identical units boasts 1,742 heated sq ft of premium living space across a spacious two-story layout. Floor plans feature 4 bedrooms, 2.5 bathrooms, and modern gourmet kitchens with brand-new appliances. For maximum comfort and convenience, every unit includes refrigerated air conditioning, indoor washer/dryer hookups, and an attached double-car garage.Each unit is individually metered for utilities. Unbeatable location with zero deferred maintenance, brand-new builder warranties, and close proximity to premier shopping, top-tier schools, and recreation. High-demand floor plans ensure low vacancy rates. Schedule your tour today!

1323 Mission Nuevo Drive, Las Cruces

Listing courtesy of RE/MAX Classic Realty.

$475,000

7 Beds ⋅ 2601844 MLS

Located in Beautiful La Mesa, NM, this charming adobe quadruplex built on approx 0.49 acre with two buildings featuring potential rental income and/or multi-generational famly living. The main building is 3978 sq/f approx living area that has 3 of the 4 apartments. Unit1 is a 2Bd w1BA. Unit 2 is 2Bd w3/4 BA. Unit 3 is a 2Bd w3/4BA. The second building (casita) or Unit 4 has 1B/1BA with approx 482 sq/f. All units have washer and dryer, refrigerator and stove. Architectural details depict traditional features characteristics of Adobe constructions nichos, vigas, beams, talavera and ceramic tile flooring. Units 1,2 and 4 have Mini Splits for AC Cooling and Heating.Whole complex has community water, sewage, el paso electric and natural gas.

393 E San Miguel Street Unit 1-4, La Mesa

Listing courtesy of BHGRE Steinborn & Associates - South.

$315,000

5 Beds ⋅ 2601841 MLS

Eight-unit multifamily investment opportunity with a diverse unit mix and value-add potential. The property consists of six apartment units located at the rear of the site, including five currently leased units and one recently renovated unit that is available for rent. At the front of the property, a detached single-family home and studio provide additional income-producing flexibility.The rear apartment units each offer approximately 600 square feet of living space with 2 bd/ 1 bath corner units and 1 bd/ 1 bath interior units. Ample on-site parking is available for tenants, and the property includes additional outdoor space that could be enhanced to improve tenant enjoyment and overall appeal.With existing rental income, a renovated vacant unit, and opportunities for further improvements, this property presents an attractive option for investors seeking a project with upside potential and multiple revenue streams.

809 W Van Patten Avenue, Las Cruces

Listing courtesy of BHGRE Steinborn & Associates.

$174,999

6 Beds ⋅ 2601754 MLS

Investor opportunity in the heart of Las Cruces! Situated on a large corner lot, this unique property offers multiple living spaces and income potential. The main adobe residence features approximately 2,234 square feet 3-bedroom, office or bedroom suite, 2-bath, including a separate 1-bedroom, 1-bath living area with private entrance. A detached secondary residence offers approximately 754 square feet with 2 bedrooms and 1 bath.

1101 S Espanola Street, Las Cruces

Listing courtesy of New Mexico Properties.

$1,289,950

2601737 MLS

Amazing Investment Opportunity!! Each New Construction Unit comes with 3 bedrooms & 2.5 bathrooms. Convenient double car garage for each unit & minutes away from Sonoma Golf Course & Lohman. Thoughtfully crafted with quality at the focus, this a unique opportunity to add to an investment portfolio.

1272 Mission Nuevo Drive, Las Cruces

Listing courtesy of Home Pros Real Estate Group New Mexico.

$1,295,000

20 Beds ⋅ 2601191 MLS

Located just blocks from NMSU, this fully renovated 10-unit apartment complex, comprised of 2 bedroom 2 bath units with walk in closet. Offering modern appeal and dependable rental performance. On the interior of the units, the kitchens, appliances, bathrooms, and flooring have been updated with contemporary finishes, while the exterior offers clean curb appeal with new paint, new windows, updated LED lighting, and recently installed gutters. In 2024, the property also received a new elastomeric roof coating. Plumbing and cooling updates include the replacement of water heaters and evaporative coolers. With a strong history of stable occupancy, steadily increasing rents and proximity to campus, shopping, and public transit, this turnkey investment stands out as a prime opportunity in one of Las Cruces' most desirable rental markets. Owner / Broker

1630 Wyoming Avenue, Las Cruces

Listing courtesy of BHGRE Steinborn & Associates.

$270,000

2 Beds ⋅ 2601052 MLS

Two separate parcels with zero lot line create this 1971 duplex opportunity at 1029 & 1031 N Melendres.1029 N Melendres offers 851 sq ft with 3 bedrooms and 2 bathrooms plus a carport.1031 N Melendres provides 690 sq ft with 2 bedrooms and 1 bathroom.Both units feature evaporative coolers. Total combined living space is 1,541 sq ft. Ideal for owner-occupant or investor seeking rental income in a convenient location.

1029 N Melendres Street Unit A&B, Las Cruces

Listing courtesy of The Palms Realty.

$800,000

10 Beds ⋅ 2601048 MLS

Investment opportunity! This unique property offers 5 income-producing units across 2.71 acres, ideal for anyone seeking a steady revenue stream. The property features a mix of dwellings including a duplex (each side 2 bed, 1 bath, 1,233 sq ft) with open floor plans, kitchen appliances, washer and dryer, patio, and backyard porch. Additional residences include a spacious 3-bedroom double wide with open layout, a 2-bedroom single wide with 1 bathroom, and a studio complete with kitchen and bath. Outdoor amenities include solar panels, pergolas, inviting sitting areas, a large shed for storage, and a dedicated kids play area. Tenants are responsible for their own utilities, including electric, water, cable, and gas. The property is fully secured with a rock wall perimeter and features a single entrance/exit. Don't miss this versatile property with solid income potential--schedule your showing today!

Las Cruces

Listing courtesy of EXIT Realty Horizons.

$237,000

3 Beds ⋅ 2600667 MLS

Two charming homes in the original Mesquite Historic District offer a rare opportunity minutes from Downtown, the Farmers Market, Branigan Library, and City Hall. 306 San Pedro is now vacant but was rented for $1,125 and tenant maintained yard. This unit features 1,050 sq ft with 1 bedroom, 1 bath, bonus room, and separate laundry or office. High ceilings, newer cabinetry, electric stove, dishwasher, refrigerator, and newer vinyl flooring. 330 Bowman is currently rented for $850 and offers 672 sq ft with 2 bedrooms, 1 bath, tile floors, walk in shower, new countertop, fenced yard, and 5 year old under counter washer. Property features natural gas service, furnaces in all rooms, exterior security lighting, exterior paint completed 1 year ago, and new living and dining room windows installed about 3 years ago. Shared detached storage with separate spaces. Great investment potential, or live in one and use the other to offset rent!

306 S San Pedro Street, Las Cruces

Listing courtesy of Keller Williams Realty.

$89,000

4 Beds ⋅ 41511 MLS

HUGE REDUCTION NOW $89,000.00!!! Super cool old adobe home in Pinos Altos. Properties in Pinos Altos are hard to come by, this one needs work but could be something special. This was a duplex and still is but can be turned into a a residential property easily. This structure has great bones, but needs lots of work. It is a true fixer upper. County says it was built in n 1930, every reason to believe it was built earlier than that. Property does not have a septic system, was originally tied to next door neighbors property. One side in in decent condition , other side needs work. Property needs a lot of attention to all aspects of it, stucco needs work, roof needs work, unit 1 needs work. Owner some 20 plus years ago started improving plumbing, so some of it is newer for the structure. Property does have a Pinos Altos water tap. It is sold as is, in current condition. Listing is cross listed in residential MLS 41510.

4 Bear Creek Road, Pinos Altos

Listing courtesy of Silver Advantage Real Estate.

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