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2 Beds
1 Bath
4,872 sqft

$450,000

501 S Avenue G, Portales NM, 88130

Price per sqft$92.36
Built in1977
Property size4,872 sqft
Property typeMulti-family
Courtesy of NAI SunVista Commercial RE

Overview

Active

Listed Jun 3, 2026

Updated Jul 23

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.

$2,994/mo

Est. mortgage payment based on a $450,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1104787

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.48 Acres

Other Property Details

Taxes
$2,735
Tax Frequency
Annually
MLS provider logo

The information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor D'Nette Wood shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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