Unique investment opportunity on 1.77 acres featuring two residences — one charming site-built home and one manufactured home — offering excellent potential for rental income, multi-generational living, or owner occupancy with additional flexibility. The site-built home features 2 bedrooms, 1 bathroom, approximately 1,260 sqft, and a fenced yard area. The manufactured home offers 3 bedrooms and 2 bathrooms, creating multiple living options and income-producing potential. In addition to the homes, the property includes space for up to 6 potential RV sites, adding even more possibilities for future development or investment use. Whether you’re looking to expand your portfolio or create a flexible residential investment setup, this property offers endless potential. Schedule your showing today!
For sale
$299,000
825 E Santa Fe St, Hobbs, NM 88242
--beds
--baths
--sqft
Cross-Mod, Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Fenced yard area
- 29 days |
- 696 |
- 32 |
Zillow last checked:
Listing updated:
Listed by:
Kali Brown 575-942-8820,
Core Realty Group 575-433-7000
Source: New Mexico MLS,MLS#: 20263080
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Facts & features
Interior
Appliances
- Included: Free-Standing Range, Refrigerator
Features
- Has fireplace: No
Property
Features
- Patio & porch: Patio
- Fencing: Fenced
Lot
- Features: Irregular Lot
Details
- Additional structures: Shed(s)
- Parcel number: 4000415690001,4000415690003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Cross-Mod, Multi Family
Materials
- Stucco
- Roof: Shingle
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Hobbs
Financial & listing details
- Tax assessed value: $96,330
- Annual tax amount: $2,307
- Date on market: 5/26/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,505/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $299,000 |
Source:  New Mexico MLS #20263080 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $744 +1.7% | $32,110 +2.9% |
| 2024 | $731 +1.6% | $31,192 +2.9% |
| 2023 | $720 +4.6% | $30,300 +2.9% |
| 2022 | $688 +0.3% | $29,434 +0.1% |
| 2021 | $686 +2% | $29,417 |
| 2020 | $672 +2.1% | $29,417 +0.1% |
| 2019 | $658 +1.2% | $29,401 +0.1% |
| 2018 | $650 -28.9% | $29,385 -66.6% |
| 2017 | $914 +39.5% | $88,107 +0.1% |
| 2016 | $656 | $88,062 +0.1% |
| 2015 | $656 | $88,017 |
| 2014 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 88242
Nearby schools
GreatSchools rating
- 6/10Coronado Elementary SchoolGrades: K-5Distance: 3 mi
- 4/10Highland Junior High SchoolGrades: 6-8Distance: 3 mi
- NAHobbs Freshman High SchoolGrades: 9-10Distance: 4.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Mexico
- Lea County
- Hobbs
- 88242
- 825 E Santa Fe St
Nearby cities
Nearby zip codes
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