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    1140 S Mesquite St Las Cruces, NM 88001

    For Sale
    $234,000

    MULTI_FAMILY - Las Cruces, NM

    Lot size:
    0.39 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 1140 S Mesquite St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    3
    Bathrooms
    3
    APN
    4-007-136-517-068
    Fencing
    Chain Link
    Appliances
    Range, Refrigerator
    Lot size
    0.39 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1944
    Number of units
    3
    Building materials
    Block, Stucco, Frame
    Roof type
    Shingle

    Exit Realty Horizons (575) 532-5678 [email protected]

    Listing agent Lisa Crissi Rivera (575) 915-4477

    Listing date Dec 1, 2025

    MLS# 2502119 Listing URL

    Copyright © 2025 Multiple Listing & Information Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Las Cruces Triplex Investment Opportunity

    This triplex, located near NMSU, shopping centers, schools, and major thoroughfares in Las Cruces, NM, presents an investment opportunity. The property features three units: two in a duplex layout and a detached A-frame apartment. The property is partially occupied. Situated on a 0.39-acre lot, the property offers development potential, with space to add a fourth unit or redevelop into a larger multifamily complex, pending zoning and city approval. The property is suitable for investors and first-time buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Las Cruces
    County
    Dona Ana
    State
    New Mexico
    Longitude
    -106.76914
    Latitude
    32.29938

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    FAQs

    What type of property is this?
    Triplex - Triplex near NMSU with development potential and income generation.
    Where is this triplex located?
    The property is located at 1140 S Mesquite St Las Cruces, NM.
    What is the asking price?
    The asking price for this property is $234,000.
    What are key features of this property?
    This property features: - Prime location near NMSU, shopping, schools, and major roads.; - Triplex with existing cash flow from 2/3 occupancy.; - $3000 Seller Credit.
    (575) 915-4477
    Request Owner's contact information
    1140 S Mesquite St Las Cruces, NM 88001
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    Las Cruces, NM 88001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1140 S Mesquite St Las Cruces, NM 88001
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