$450,000
$92/sqftactive501 S Avenue G, Portales, NM 88130
Beds
2
Baths
1
Sqft
4,872
Lot
21,000 sqft
Built
1977
Type
multi family
About This Property
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.
Features & Amenities
Property Details
| MLS # | 1104787 |
| Property Type | multi family |
| Year Built | 1977 |
| Heating | ForcedAir |
| Cooling | Refrigerated |
| Lot Size | 21,000 sqft |
| Property Tax (est.) | $2,735/yr ($228/mo) |
| Price / Sqft | $92 |
| Status | Active |
| Days on Market | 1 |
Listing courtesy of NAI SunVista Commercial RE. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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