Prime Investment Opportunity - 43-Unit Apartment Complex Near NMSU.Unlock the potential of this 43-unit multifamily complex ideally located just three blocks from New Mexico State University. With a well-balanced unit mix of 24 one-bedroom and 19 two-bedroom units, the property is tailored to meet a strong demand from students, faculty, and local professionals alike. Tenants enjoy ample on-site parking, a convenient laundry facility, and quick access to campus, retail, dining, and public transit. The layout and location make this asset an attractive, income-generating opportunity with long-term upside in one of the city's most in-demand rental corridors.
For sale
$4,850,000
2306 S Espina St, Las Cruces, NM 88001
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1994
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 82 days
- on Zillow |
- 254 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: May 22, 2025 at 04:23pm
Listed by:
Jeremiah Lay 575-571-1075,
Steinborn/TCN Commercial RE 575-532-2345,
Lauren C Lay 575-640-6763,
BHGRE Steinborn & Associates
Source: SNMMLS,MLS#: 2501488
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Natural Natural Gas, Forced Air
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Refrigerator, On-Site Laundry Facility
Features
- Flooring: Flooring Foundation: Slab
Property
Parking
- Parking features: None
Features
- Fencing: Chain Link,Wood,Individual Yard Spaces For Some Units W/ Chainlink & Wooden Fencing
Lot
- Size: 1.52 Acres
- Dimensions: 1.51 to 2 AC
Details
- Parcel number: 4008136298518
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
- Roof: Pitched,Shingle
Condition
- Average
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
- Amenities included: Laundry
Location
- Region: Las Cruces
Financial & listing details
- Tax assessed value: $1,722,792
- Annual tax amount: $17,760
- Date on market: 5/21/2025
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