Exceptional multi-family investment opportunity!! This property features five triplexes for a total of 15 units, all with a desirable 2 bedroom / 1 bath floor plan. All units offer attached carports with private laundry and storage rooms, a highly attractive amenity package for tenants. 12 of the 15 units are currently leased, providing instant income with plenty of upside. The property has been previously mismanaged, creating an excellent value-add opportunity for an investor ready to optimize operations. A couple of units are vacant and ready for remodeling, allowing you to update and lease at market rents quickly. Conveniently located just under a mile from Downtown Roswell with nearby shopping, this asset sits in an area with continued potential for improvement and long-term growth. Whether you're looking to start your investment portfolio or expand with a value-add property, this is a unique opportunity with strong fundamentals and room to elevate performance.
For sale
$715,000
801 E 3rd St, Roswell, NM 88201
15beds
--baths
--sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Attached carports
- 15 days |
- 238 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 05:18pm
Listed by:
Tiffany Green 575-703-9081,
Century 21 Black Gold 575-736-0021
Source: New Mexico MLS,MLS#: 20256766
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Free-Standing Range
Features
- Flooring: Tile
- Has fireplace: No
Property
Parking
- Parking features: Covered
Features
- Levels: One
- Stories: 1
Lot
- Size: 1.39 Acres
Details
- Parcel number: See associated docs
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Year built: 1960
Utilities & green energy
- Electric: Separate Meters
- Gas: Meters(Gas Separate)
- Water: City, Combined Meters
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Roswell
Financial & listing details
- Tax assessed value: $58,459
- Annual tax amount: $3,533
- Date on market: 12/1/2025
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Listed for sale | $715,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $530 -0.2% | $19,486 +3% |
| 2023 | $531 +4% | $18,919 +3% |
| 2022 | $511 +9.7% | $18,368 +11% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,119/mo
Principal & interest
$3488
Property taxes
$381
Home insurance
$250
Climate risks
Neighborhood: 88201
Nearby schools
GreatSchools rating
- 7/10Nancy Lopez Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Mesa Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Goddard High SchoolGrades: 9-12Distance: 2 mi
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