501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
501 S Avenue G, Portales, NM 88130
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mark Rickert

Mark Rickert

+1(505) 600-3956
Listed by NAI SunVista Commercial RE
$ 450,000
Est. payment | /mo

2 Beds

1 Bath

4,872 SqFt

Save
$ 450,000
Est. payment | /mo
Save

2 Beds

1 Bath

4,872 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,872 sqft

Price per Sqft $92

MLS Listing ID 1104787

Bedrooms 2

Construction Status Resale

HOA Y/N No

Year Built 1977

Annual Tax Amount $2,734

Lot Size 0.480 Acres

Acres 0.48

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

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.

Location

State NM

County Roosevelt

Area 580 - Roosevelt

Interior

Heating Forced Air

Cooling Refrigerated

Flooring Vinyl

Fireplace No

Appliance Free-Standing Gas Range, Microwave, Refrigerator

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Construction Status Resale

Others

Tax ID 100000000528200

Acceptable Financing Cash, Conventional, FHA, VA Loan

Green/Energy Cert None

Listing Terms Cash, Conventional, FHA, VA Loan

Southwest MLS (SWMLS IDX Plus)

Nearby Locations

Mark Rickert

"My job is to provide you with concierge level service and to provide you with incredible service with exceptional results!" 

+1(505) 600-3956

mark@rickertpg.com

150 Washington Ave, Santa Fe, NM, 87501, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Rickert Property Group Team @ Real Broker, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

501 S Avenue G