501 S Avenue G, Portales, NM 88130
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501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
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Alan Barry

Alan Barry

+1(505) 209-5626
Listed by NAI SunVista Commercial RE
$ 450,000
Est. payment /mo
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501 S Avenue G Portales, NM 88130

2 Beds

1 Bath

4,872 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,872 sqft

Price per Sqft $92

MLS Listing ID 1104787

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1977

Annual Tax Amount $2,734

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property 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.

Location

State NM

County Roosevelt

Area 580 - Roosevelt

Interior

Heating Forced Air

Cooling Refrigerated

Flooring Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Microwave, Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 100000000528200

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

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501 S Avenue G