Hobbs, NM Apartment buildings for sale

Updated: Mar 12

Sunrise Apartments Multifamily Investment Opportunity

1515 E Scharbauer Street, Hobbs, NM 88240

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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.

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Updated: Mar 26

12-Unit Apartment Building

212 S Shipp Street, Hobbs, NM 88240

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12‑unit multifamily property (Year Built 1960) in Hobbs, New Mexico
100% occupancy with $96,000 in annual rental income (actual 2025)
Net Operating Income of approximately $67,575 (before debt service)
Rents average about $667 per unit, with projected rents at $900/unit
Gross potential rent of $129,600 annually and projected NOI of approximately $78,000–$92,000

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Multifamily Property with Owner Finance

210 W Dunnam Street, Hobbs, NM 88240

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15-unit multifamily property with potential for expansion and owner financing.

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12-Unit Apartment Community

2315 N Jefferson Street, Hobbs, NM 88240

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For sale 12-unit apartment community in Hobbs, New Mexico, positioned near major employers and retail opportunities.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 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.

Apartment Income Building with Private Well

12715 W 3rd St, Odessa, TX 79763

$550,000

6,375 sqft 2.54 AC lot

Apartment income property built in 2015 with a private well water source and central hot water service.

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Fenced Workforce Housing and RV Park

10213 W 57th St, Odessa, TX 79764

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1.43 AC lot

Brick construction property with 17 bed spaces/offices, full laundry, two kitchens, and seven RV spaces on a fully fenced site.

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Midland Multifamily Investment Opportunity

5200 Briarwood Ave, Midland, TX 79707

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Multifamily property in Midland, Texas, ideal for investment.

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Value-Add Multifamily Portfolio

3321 Neely Ave, Midland, TX 79707

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Seven-property multifamily portfolio totaling 896 units across Midland and Odessa, with approximately 70% of units pending upgrades.

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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.

Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000

0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000

0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Pahrump Land Investment Opportunity

2001 Casino Street, Pahrump, NV 89048

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0.31 AC lot

0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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San Jacinto Land with Utilities

Rosario, San Jacinto, CA 92583

$155,000

0.33 AC lot

Unique lot with utilities available for multiple residential uses.

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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

2315 Jefferson St, Hobbs, NM 88240

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6,330 sqft 0.45 AC lot

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