201 Lincoln Avenue, Grants, NM 87020

Grants
Local realty services provided by:ERA Summit
201 Lincoln Avenue,Grants, NM 87020
$1,100,000
  • 20 Beds
  • 10 Baths
  • 7,090 sq. ft.
  • Multi-family
  • Active
Listed by: diana j leal
Office: weichert, realtors image
MLS#:1106959
Source:NM_SWMLS

Price summary

  • Price:$1,100,000
  • Price per sq. ft.:$155.15

About this home

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.

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Home facts

  • Year built:1976
  • Listing ID #:1106959
  • Added:36 day(s) ago
  • Updated:August 15, 2026 at 02:28 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:10
  • Flooring:Vinyl
  • Kitchen Description:Disposal, Free Standing Gas Range, Microwave, Refrigerator
  • Living area:7,090 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless

Structure and exterior

  • Year built:1976
  • Building area:7,090 sq. ft.
  • Lot area:0.4 Acres
  • Construction Materials:Brick, Frame
  • Exterior Features:Landscaping, Lighting
  • Levels:1 Story

Utilities

  • Water:Water Connected

Finances and disclosures

  • Price:$1,100,000
  • Price per sq. ft.:$155.15
  • Tax amount:$6,382

Features and amenities

  • Appliances:Disposal, Free Standing Gas Range, Microwave, Refrigerator

Parking

  • Total parking spaces:20

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