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2510/2530 S Espina Street, Las Cruces
$1,700,000
2603208 MLS
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.

2510/2530 S Espina Street, Las Cruces

Listing courtesy of Listing Agent: Marvid Charlson (marvid@pmiofnewmexico.com) from Listing Office: Property Mgt & Investments of NM.
2220 Dakota Drive, Las Cruces
$559,500
2603001 MLS

2220 Dakota Drive, Las Cruces

Listing courtesy of Listing Agent: Brian Nelson (nelsonteam@cbsn.com) from Listing Office: Coldwell Banker Sudderth Nelso.
1737 E Idaho Avenue, Las Cruces
$215,000
2 Beds ⋅ 2602635 MLS
Rare find! This duplex features two one-bedroom, one-bathroom units, each updated in recent years with tile flooring throughout, newer cooling systems, and newer appliances. Both units have excellent rental historys. One unit includes an attached sunroom for additional living space, and is wheelchair accessible. A circular driveway provides ample parking and easy access, while the fully fenced corner lot adds privacy and security. Ideal as a full rental or for owner-occupants who want to live in one unit and offset their mortgage with rental income from the other. A unique opportunity with long-term income potential.

1737 E Idaho Avenue, Las Cruces

Listing courtesy of Listing Agent: Janine Yvonne Trujillo (j9trujillo@gmail.com) from Listing Office: EXIT Realty Horizons.
1820 Rentfrow Avenue, Las Cruces
$675,000
8 Beds ⋅ 2601851 MLS
VERY NICE 4PLEX WITH BRICK EXTERIOR, LOCATED CLOSE TO NMSUPARTIAL REMODEL IN 2025, TO INCLUDE NEW FURNACES, WATER HEATERS, GRANITE COUNTERTOPS, KITCHEN AND BATHROOM CABINETS, TOILETS, HARDWARE, FAUCETS, DOORS, LIGHTING, CEILING FANS, SHEETROCK WORK, ELECTRICAL AND MORE.THREE APTS RENT FOR $985/MO EACHONE APT RENTS FOR $1,075/MOGROSS MONTHLY RENTS OF $4,030WATER AND TRASH INCLUDED WITH RENT. TENANT PAYS ELECTRIC AND GAS.TWO PARKING SPACES CLOSE TO FRONT DOOR FOR EACH UNIT. EACH APT HAS A PATIO AND SMALL YARD WITH ROCK WALL. MANY RESTAURANTS AND BUSINESSES NEARBY. EASY ACCESS TO HIGHWAYS AND ANYWHERE IN BEAUTIFUL LAS CRUCES.

1820 Rentfrow Avenue, Las Cruces

Listing courtesy of Listing Agent: Bruce Crichton (makeityourplace@yahoo.com) from Listing Office: Makeityourplace.
1323 Mission Nuevo Drive, Las Cruces
$1,250,000
2601846 MLS
Discover luxury living and investment potential in Mission Nuevo! Offered as a complete package, this newly constructed fourplex overlooks Hole 11 of Sonoma Ranch Golf Course, with beautiful golf course views from the balconies. Each of the four identical two-story units offers approximately 1,742 heated sq. ft., 4 bedrooms, 2.5 bathrooms, and an attached double-car garage. Spacious kitchens feature brand-new appliances, while refrigerated air conditioning, indoor washer/dryer hookups, and individually metered utilities provide everyday convenience. With no HOA, this property offers flexibility for investors or an owner-occupant seeking rental income from the additional units. Enjoy a convenient location near shopping, schools, and recreation. Schedule your tour today to experience this exceptional four-plex!

1323 Mission Nuevo Drive, Las Cruces

Listing courtesy of Listing Agent: Cecilia A Borunda (ceciliasellinghomes@gmail.com) from Listing Office: REMAX Classic Realty.
1272 Mission Nuevo Drive, Las Cruces
$1,289,950
2601737 MLS
Amazing Investment Opportunity!! Each New Construction Unit comes with 3 bedrooms & 2.5 bathrooms. Convenient double car garage for each unit & minutes away from Sonoma Golf Course & Lohman. Thoughtfully crafted with quality at the focus, this a unique opportunity to add to an investment portfolio.

1272 Mission Nuevo Drive, Las Cruces

Listing courtesy of Listing Agent: Carlos Fraire (carlos.fraire06@gmail.com) from Listing Office: Home Pros Real Estate Group New Mexico.
2220 Dakota Dr, Las Cruces
$559,500
4 Beds ⋅ 2 Baths ⋅ 172624 MLS
Super nice duplex. Each unit is a 4 bedroom, 2 bath, 2 car garage home that comes with a stove, refrigerator, microwave, and more! Excellent investment, over $3,540 per month in income!

2220 Dakota Dr, Las Cruces

Listing courtesy of Listing Agent: THERESA NELSON (nelsonteam@cbsn.com) from Listing Office: 7.
Las Cruces
$800,000
10 Beds ⋅ 2601048 MLS
Investment opportunity! This unique property offers 5 income-producing units across 2.71 acres, ideal for anyone seeking a steady revenue stream. The property features a mix of dwellings including a duplex (each side 2 bed, 1 bath, 1,233 sq ft) with open floor plans, kitchen appliances, washer and dryer, patio, and backyard porch. Additional residences include a spacious 3-bedroom double wide with open layout, a 2-bedroom single wide with 1 bathroom, and a studio complete with kitchen and bath. Outdoor amenities include solar panels, pergolas, inviting sitting areas, a large shed for storage, and a dedicated kids play area. Tenants are responsible for their own utilities, including electric, water, cable, and gas. The property is fully secured with a rock wall perimeter and features a single entrance/exit. Don't miss this versatile property with solid income potential--schedule your showing today!

Las Cruces

Listing courtesy of Listing Agent: Leticia Rodriguez (lrodflores@gmail.com) from Listing Office: EXIT Realty Horizons.
1140 Monte Vista Avenue, Las Cruces
$1,900,000
40 Beds ⋅ 2503722 MLS
INVESTMENT OPPORTUNITY!!!

1140 Monte Vista Avenue, Las Cruces

Listing courtesy of Listing Agent: Veronica Lindley (veronica@vnlproperties.com) from Listing Office: VNL Realty LLC.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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