Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.
For sale
$1,100,000
201 Lincoln Ave, Grants, NM 87020
20beds
10baths
7,090sqft
Multi Family
Built in 1976
-- sqft lot
$-- Zestimate®
$155/sqft
$-- HOA
What's special
Secure gated courtyardSpacious floor planLvp flooringTiled showersStainless steel appliancesQuartz countertopsGarbage disposals
- 37 days |
- 149 |
- 7 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Diana J Leal 505-910-3320,
Weichert, Realtors Image 505-365-6721
Source: SWMLS,MLS#: 1106959
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 10
Heating
- Ductless
Cooling
- Ductless
Appliances
- Included: Free-Standing Gas Range, Disposal, Microwave, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup, GasDryer Hookup, In Unit
Features
- Flooring: Carpet Free, Vinyl
Interior area
- Total structure area: 7,090
- Total interior livable area: 7,090 sqft
Property
Parking
- Total spaces: 20
Features
- Levels: One
- Stories: 1
- Exterior features: Landscaping, Lighting
Lot
- Size: 0.4 Acres
Details
- Has additional parcels: Yes
- Parcel number: 2055062151437
- Zoning description: M-R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Frame
Condition
- Resale
- New construction: No
- Year built: 1976
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available, Water Connected
Green energy
- Energy generation: None
Community & HOA
Community
- Security: Security Gate
Location
- Region: Grants
Financial & listing details
- Price per square foot: $155/sqft
- Tax assessed value: $238,210
- Annual tax amount: $6,382
- Date on market: 7/9/2026
- Cumulative days on market: 37 days
- Listing terms: Cash,Conventional
- Total actual rent: 7950
- Tenant pays: Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $1,100,000+100%$155/sqft |
Source:  SWMLS #1106959 Report a problem | ||
| 4/7/2025 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 3/19/2025 | Listed for rent | $995 |
Source: Zillow Rentals Report a problem | ||
| 3/19/2025 | Listing removed | $995 |
Source: Zillow Rentals Report a problem | ||
| 2/2/2025 | Listed for rent | $995 |
Source: Zillow Rentals Report a problem | ||
| 4/12/2024 | Sold | -- |
Source: SWMLS #1041361 Report a problem | ||
| 2/21/2024 | Pending sale | $550,000$78/sqft |
Source: SWMLS #1041361 Report a problem | ||
| 9/12/2023 | Listed for sale | $550,000$78/sqft |
Source: SWMLS #1041361 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,617 +4.1% | $79,403 +3% |
| 2023 | $2,513 -3.5% | $77,091 +3% |
| 2022 | $2,606 +3.7% | $74,845 +3% |
| 2021 | $2,513 +1.7% | $72,666 |
| 2020 | $2,472 -5.7% | $72,666 +3.3% |
| 2018 | $2,621 -1.3% | $70,338 |
| 2017 | $2,654 | $70,338 +3% |
| 2016 | -- | $68,290 |
| 2015 | $2,473 +2.2% | $68,290 +2.7% |
| 2014 | $2,419 +88.7% | $66,499 +3% |
| 2013 | $1,282 | $64,562 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 87020
Nearby schools
GreatSchools rating
- 6/10Mesa View Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 3/10Los Alamitos Middle SchoolGrades: 7-8Distance: 0.9 mi
- 4/10Grants High SchoolGrades: 9-12Distance: 0.2 mi
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- $115,2003 bd1 ba1.7k sqft1005 Geis St, Grants, NM 87020Off Market
- $--2 bd1 ba1k sqft200 Harrison Ave, Grants, NM 87020Sold
A local agent can set up tours, give advice and negotiate with sellers.
