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For sale
  • $4,850,000

    2306 S Espina St, Las Cruces, NM 88001

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 1994
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    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

    We'll find a local expert to take you on a private tour of 2306 S Espina St.

    Next available tour time:Today at 6pm

    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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