501 S Avenue G, Portales, NM 88130

Portales
Local realty services provided by:ERA Summit
501 S Avenue G,Portales, NM 88130
$450,000
  • 2 Beds
  • 1 Baths
  • 4,872 sq. ft.
  • Multi-family
  • Active
Listed by: luke scarpa
Office: nai sunvista commercial re
MLS#:1104787
Source:NM_SWMLS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$92.36

About this home

Offered at an asking price of $450,000, the property generates a compelling 6.77% cap rate, providing investors with immediate cash flow and long-term upside potential. Fully remodeled within the last five years, this six-unit property consists of three duplexes situated on a single lot and is 100% occupied as of February 2026. Featuring all 2-bedroom, 1-bathroom units, the property benefits from strong historical occupancy driven by its location less than a half-mile from Eastern New Mexico University, making it an attractive and proven student housing investment.

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Home facts

  • Year built:1977
  • Listing ID #:1104787
  • Added:1 day(s) ago
  • Updated:June 04, 2026 at 06:43 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Flooring:Vinyl
  • Kitchen Description:Free Standing Gas Range, Microwave, Refrigerator
  • Living area:4,872 sq. ft.

Heating and cooling

  • Cooling:Refrigerated
  • Heating:Forced Air

Structure and exterior

  • Year built:1977
  • Building area:4,872 sq. ft.
  • Lot area:0.48 Acres
  • Levels:1 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$92.36
  • Tax amount:$2,735

Features and amenities

  • Appliances:Free Standing Gas Range, Microwave, Refrigerator

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