1231 5th Street, Las Vegas, NM 87701

Local realty services provided by:ERA Summit
1231 5th Street,Las Vegas, NM 87701
$320,000
  • - Beds
  • - Baths
  • 1,500 sq. ft.
  • Multi-family
  • Active
Listed by: geneva riggs
Office: homesmart realty pros
MLS#:202600425
Source:NM_SFAR

Price summary

  • Price:$320,000
  • Price per sq. ft.:$213.33

About this home

Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history. The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails. Located near New Mexico Highlands University, this property is strategically positioned for consistent demand. With a strong tax assessment history and steady value growth, this is a "set-it-and-forget-it" addition to any real estate portfolio. Whether you are looking for a reliable rental stream

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Home facts

  • Year built:1941
  • Listing ID #:202600425
  • Added:7 day(s) ago
  • Updated:February 10, 2026 at 04:34 PM

Rooms and interior

  • Living area:1,500 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Electric

Structure and exterior

  • Roof:Metal, Pitched
  • Year built:1941
  • Building area:1,500 sq. ft.
  • Lot area:0.18 Acres

Schools

  • High school:Robertson High
  • Middle school:Memorial Jr
  • Elementary school:Las Vegas

Utilities

  • Water:Public, Separate Meters
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$320,000
  • Price per sq. ft.:$213.33

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