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$750,000
9 Beds ⋅ 2602398 MLS
Discover a compelling investment opportunity, located in the highly desirable Foothills area. This well-positioned triplex is 100% occupied, providing immediate rental income from day one.The property features three spacious units, each offering 3 bedrooms, 2 bathrooms, and approximately 1,535 square feet of living space. Current rents are below market value, creating an attractive opportunity to increase income over time and strengthen the property's overall return.With full occupancy, generous unit layouts, and a sought-after Foothills location, this triplex offers an excellent combination of established cash flow and future income potential.

703 Athenian Way Unit A, B, and C, Las Cruces

Listing courtesy of Listing Agent: Andrew J Palmer (apalmerrealestate@gmail.com) from Listing Office: EXIT Realty Vista.
$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.
$1,300,000
2601846 MLS
Brand new construction luxury fourplex in the highly desirable Mission Nuevo area, offered at $1,300,000 as a complete package. Perfect turnkey asset with no HOA, ideal for investors or an owner-occupant looking for premium rental income. Sits overlooking Sonoma Ranch Golf Course Hole 11, offering stunning golf course views from balconies.Each of the four identical units boasts 1,742 heated sq ft of premium living space across a spacious two-story layout. Floor plans feature 4 bedrooms, 2.5 bathrooms, and modern gourmet kitchens with brand-new appliances. For maximum comfort and convenience, every unit includes refrigerated air conditioning, indoor washer/dryer hookups, and an attached double-car garage.Each unit is individually metered for utilities. Unbeatable location with zero deferred maintenance, brand-new builder warranties, and close proximity to premier shopping, top-tier schools, and recreation. High-demand floor plans ensure low vacancy rates. Schedule your tour today!

1323 Mission Nuevo Drive, Las Cruces

Listing courtesy of Listing Agent: Cecilia A Borunda (ceciliasellinghomes@gmail.com) from Listing Office: RE/MAX Classic Realty.
$315,000
5 Beds ⋅ 2601841 MLS
Eight-unit multifamily investment opportunity with a diverse unit mix and value-add potential. The property consists of six apartment units located at the rear of the site, including five currently leased units and one recently renovated unit that is available for rent. At the front of the property, a detached single-family home and studio provide additional income-producing flexibility.The rear apartment units each offer approximately 600 square feet of living space with 2 bd/ 1 bath corner units and 1 bd/ 1 bath interior units. Ample on-site parking is available for tenants, and the property includes additional outdoor space that could be enhanced to improve tenant enjoyment and overall appeal.With existing rental income, a renovated vacant unit, and opportunities for further improvements, this property presents an attractive option for investors seeking a project with upside potential and multiple revenue streams.

809 W Van Patten Avenue, Las Cruces

Listing courtesy of Listing Agent: Lauren C Lay (cali@nm-realty.com) from Listing Office: BHGRE Steinborn & Associates.
$164,999
6 Beds ⋅ 2601754 MLS
Investor opportunity in the heart of Las Cruces! Situated on a large corner lot, this unique property offers multiple living spaces and income potential. The main adobe residence features approximately 2,234 square feet 3-bedroom, office or bedroom suite, 2-bath, including a separate 1-bedroom, 1-bath living area with private entrance. A detached secondary residence offers approximately 754 square feet with 2 bedrooms and 1 bath.

1101 S Espanola Street, Las Cruces

Listing courtesy of Listing Agent: DeAnn L Rocha (deannrocha@gmail.com) from Listing Office: New Mexico Properties.
$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.
$575,500
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.
$270,000
2 Beds ⋅ 2601052 MLS
Two separate parcels with zero lot line create this 1971 duplex opportunity at 1029 & 1031 N Melendres.1029 N Melendres offers 851 sq ft with 3 bedrooms and 2 bathrooms plus a carport.1031 N Melendres provides 690 sq ft with 2 bedrooms and 1 bathroom.Both units feature evaporative coolers. Total combined living space is 1,541 sq ft. Ideal for owner-occupant or investor seeking rental income in a convenient location.

1029 N Melendres Street Unit A&B, Las Cruces

Listing courtesy of Listing Agent: Luke Gabriel Johnson (lukejohnson8721@gmail.com) from Listing Office: The Palms Realty.
$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.
$232,000
3 Beds ⋅ 2600667 MLS
Two charming homes in the original Mesquite Historic District offer a rare opportunity minutes from Downtown, the Farmers Market, Branigan Library, and City Hall. 306 San Pedro is now vacant but was rented for $1,125 and tenant maintained yard. This unit features 1,050 sq ft with 1 bedroom, 1 bath, bonus room, and separate laundry or office. High ceilings, newer cabinetry, electric stove, dishwasher, refrigerator, and newer vinyl flooring. 330 Bowman is currently rented for $850 and offers 672 sq ft with 2 bedrooms, 1 bath, tile floors, walk in shower, new countertop, fenced yard, and 5 year old under counter washer. Property features natural gas service, furnaces in all rooms, exterior security lighting, exterior paint completed 1 year ago, and new living and dining room windows installed about 3 years ago. Shared detached storage with separate spaces. Great investment potential, or live in one and use the other to offset rent!

306 S San Pedro Street, Las Cruces

Listing courtesy of Listing Agent: Jake Mossman (jake@thinkjake.com) from Listing Office: Keller Williams Realty.
$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.