Lea County, 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 5 Potential Opportunities for your consideration. Besides 4 Active listings in Lea County, NM, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads

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

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6,330 sqft 0.45 AC lot

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