2510/2530 S Espina Street, Las Cruces, NM 88001

Las Cruces
Local realty services provided by:ERA Sellers & Buyers Real Estate
2510/2530 S Espina Street,Las Cruces, NM 88001
$1,700,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: marvid charlson, kyle e deacon
Office: property mgt & investments of nm
MLS#:2603208
Source:NM_LCAR

Price summary

  • Price:$1,700,000

About this home

Excellent investment property located just two blocks from NMSU! 2510 & 2530 S Espina is a 21-unit multifamily compound featuring studios, one-bed, and larger units with historic charm--hardwood floors, plaster walls, and landscaped courtyards. Rents average $689 against a market of $874, offering clear upside. Recent upgrades include new roof (2021), solar panels, drip irrigation, exterior lighting, and updated fixtures. Tenants enjoy secure storage, ample parking, and proximity to University Avenue dining, healthcare, and major employers. Offered at $1,700,000 with a 6.08% cap rate, this campus-adjacent asset qualifies for Ventana Fund financing and sits on +/-1.44 acres of R-3-zoned land. A rare chance to own a stabilized, character-rich property priced below replacement cost in the heart of Las Cruces.

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Home facts

  • Year built:1900
  • Subdivision & Development:Lester Addition
  • Listing ID #:2603208
  • Added:1 day(s) ago
  • Updated:October 13, 2026 at 08:45 PM

Rooms and interior

  • Kitchen Description:Refrigerator

Heating and cooling

  • Heating:Electric, Forced Air

Structure and exterior

  • Roof:Asphalt, Flat, Shingle
  • Year built:1900
  • Lot area:1.45 Acres
  • Construction Materials:Adobe, Stucco

Finances and disclosures

  • Price:$1,700,000

Features and amenities

  • Appliances:Refrigerator

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