Hobbs, NM Apartment buildings for sale

$3,500,000

Sunrise Apartments Multifamily Investment Opportunity

1515 E Scharbauer Street, Hobbs, NM 88240

32-unit multifamily property in Hobbs, NM with strong income.

Strong in‑place income with $440,880 actual rental income in 2025.
Desirable unit mix with larger floorplans, including 16 three‑bedroom units.
Convenient access and visibility near Seminole Highway.
Stabilized multifamily investment opportunity with reliable cash flow.
Amenities include a community swimming pool, on‑site leasing office, and shared laundry facility.

Updated: Mar 12

Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$550,000

6,375 SF

West Odessa Income Property

17-bedroom income property on 2.5 acres in West Odessa.

12715 W 3rd St, Odessa, TX 79763

View details

Large Multifamily Investment Opportunity

$240,000

11,860 SF

Large Multifamily Investment Opportunity

Over 11,000 sqft multifamily property for sale.

517 N Lauderdale Ave, Odessa, TX 79763

View details

Contact for pricing

High-Yield Multifamily Investment Opportunity

Cash-flowing multifamily property with significant rent growth potential.

1412 Mockingbird Ln, Midland, TX 79705

View details

Contact for pricing

Midland Multifamily Investment Opportunity

Multifamily property in Midland, Texas, ideal for investment.

5200 Briarwood Ave, Midland, TX 79707

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$95,172

0.21 Acres

El Paso Vacant Residential Land

9,270 sq ft vacant lot in established El Paso neighborhood.

4936 Titanic Avenue, El Paso, TX 79904

View details

$285,000

0.74 Acres

Norman Land For Luxury Condos

Prime Norman land suitable for luxury condos development.

801 NW 36th Avenue, Norman, OK 73072

View details

$285,000

0.74 Acres

Buildable Lot for Luxury Condos

0.74 acre buildable lot zoned for low-density apartments.

801 36th Ave NW, Norman, OK 73072

View details

$2,850,000

29.20 Acres

Prime Development Land, Springfield MO

29.2 acres of retail-zoned land for mixed-use development.

N West Bypass, Springfield, MO 65802

View details

Off-Market Properties in Hobbs, NM

Consider similar Off-Market properties in Hobbs, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

6,330 SF Lot: 0.45 Acres

Value Estimation by Request

2315 Jefferson St, Hobbs, NM 88240

View details

Hobbs, NM Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Hobbs, NM on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $3,500,000.

Sale prices for two-family homes in Hobbs, NM start at $3,500,000, averaging $3,500,000, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
88240	$3.5M

Neighborhood

Average Price

88240

$3.5M

Hobbs, NM Apartment Buildings for Sale

1515 E Scharbauer Street, Hobbs, NM 88240