Lea County, NM Apartment buildings for sale

Updated: Mar 12

Sunrise Apartments Multifamily Investment Opportunity

1515 E Scharbauer Street, Hobbs, NM 88240

$3,300,000

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: Oct 1, 2024

Multifamily Property with Owner Finance

210 W Dunnam Street, Hobbs, NM 88240

$1,200,000

Owner financing available
Opportunity to add more units on the bottom story
15 Units already in place
Average rent of $900 per month per unit
Existing rental income

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Lea County, NM, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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.

El Paso Vacant Residential Land

4936 Titanic Avenue, El Paso, TX 79904

$95,172

0.21 AC lot

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

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Norman Land For Luxury Condos

801 NW 36th Avenue, Norman, OK 73072

$285,000

0.74 AC lot

Prime Norman land suitable for luxury condos development.

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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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Prime Development Land, Springfield MO

N West Bypass, Springfield, MO 65802

$2,850,000

29.20 AC lot

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

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Off-Market Properties in Lea County, NM

Consider similar Off-Market properties in Lea County, 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

Value Estimation by Request

6,330 sqft · 0.45 AC lot

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Lea County, NM Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Lea County, 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 $4,500,000.

Sale prices for two-family homes in Lea County, NM start at $1,200,000, averaging $2,250,000, and reaching up to $3,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.