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2306 S Espina Street

Las Cruces, NM 88001
  • $4,850,000
  • STATUS: Active
  • ON SITE: 57 Days
  • MLS #: 2501488
UPDATED: 26 min ago
$4,850,000
  • 0
    BEDS
  • 1.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1994
County:

School Ratings & Info

Description

Prime Investment Opportunity - 43-Unit Apartment Complex Near NMSU.Unlock the potential of this 43-unit multifamily complex ideally located just three blocks from New Mexico State University. With a well-balanced unit mix of 24 one-bedroom and 19 two-bedroom units, the property is tailored to meet a strong demand from students, faculty, and local professionals alike. Tenants enjoy ample on-site parking, a convenient laundry facility, and quick access to campus, retail, dining, and public transit. The layout and location make this asset an attractive, income-generating opportunity with long-term upside in one of the city's most in-demand rental corridors.

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© 2025 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Agave Real Estate Group | Real Broker. Data last updated: 2025-07-18T13:14:19.273.
www.mylascruceshomefinder.com/homes/164063332
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2306 S Espina Street Las Cruces, NM 88001

  • Price: $4,850,000
  • Status: Active
  • On Site: 57 Days
  • Updated: 26 min ago
  • MLS #: 2501488
0
Beds
0
Baths
0
½ Baths
1.52
Acres
1994
Built
Neighborhood:
N/A
County:
Dona Ana
Area:
328 - Valley View
Property Description
Prime Investment Opportunity - 43-Unit Apartment Complex Near NMSU.Unlock the potential of this 43-unit multifamily complex ideally located just three blocks from New Mexico State University. With a well-balanced unit mix of 24 one-bedroom and 19 two-bedroom units, the property is tailored to meet a strong demand from students, faculty, and local professionals alike. Tenants enjoy ample on-site parking, a convenient laundry facility, and quick access to campus, retail, dining, and public transit. The layout and location make this asset an attractive, income-generating opportunity with long-term upside in one of the city's most in-demand rental corridors.
Exterior Features

Construction Materials FrameStucco Parking Capacity 90.00 Parking Features None Roof PitchedShingle

Interior Features

Appliances DishwasherRefrigerator Cooling Evaporative Cooling Flooring Foundation Slab Heating Natural GasForced Air

Property Features

Association Amenities Laundry Association YN No Fencing Chain LinkWood Green Certified No Included In Rent WaterTrash CollectionSewer Lot Size Dimensions 1.51 to 2 AC Miscellaneous Individual Heat & AirIndividual Water Heater New Vs Resale Resale Property Sub Type Multi Family Sewer Public Sewer Tax Legal Description S:29 T:23S R:2E MAP 11C TR84 Water Source Public

Listing provided courtesy of Jeremiah Lay of Steinborn/TCN Commercial RE: (575) 532-2345. All listing information was provided by Southern New Mexico Multiple Listing Service.


© 2025 Southern New Mexico Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLIS or Agave Real Estate Group | Real Broker. Data last updated: 2025-07-18T13:14:19.273.
 
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Agave Real Estate Group | Real Broker
3780 Foothills Rd. Suite C
Las Cruces NM, 88011