Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1316 Ash Street Clovis, NM 88101

    View on Map
    For Sale
    $290,000

    MULTI_FAMILY - Clovis, NM

    Property size:
    2,808 SF
    Lot size:
    0.16 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 1316 Ash Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Electric Water Heater
    Standard status
    Active
    APN
    121201118024900
    Size
    2,808 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Lot 3 Block 2 REPLAT CLOVIS HTS BLK 3 LOTS 1-3, Clovis Heights
    TaxAnnualAmount
    2442

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Robin Myers

    Listing agent Robin Myers

    Listing office Southwest Real Estate 420 Commerce Way, Clovis, NM

    Listing date Nov 3, 2025

    MLS# 20256300

    Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Clovis Multifamily Investment Property

    This multifamily property is located in Clovis, New Mexico. The property features two units, each with 2 bedrooms and 2 full bathrooms upstairs, along with a guest bathroom downstairs. Each unit also includes a double car garage. The property is situated on a lot of 0.1607 acres. The total property size is 2808 square feet. Both units are currently rented, presenting an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clovis
    County
    Curry
    State
    New Mexico
    Longitude
    -103.19045
    Latitude
    34.411625

    Nearby Similar for Sale

    • $349,900
      5,222 SF

      Unique Furnished Multifamily Property

      Furnished multifamily property near Main Street, suitable for various uses.
      520 N Mitchell Street, Clovis, NM 88101
      View Details
    • $990,000
      14,000 SF

      Trucking Facility with Wash Bay

      Trucking facility with trailer wash bay and truck parking.
      600 S Edwards Streets, Clovis, NM 88101
      View Details
    • $365,000
      2,124 SF

      New Duplex Under Construction

      New duplex in Clovis, NM, offering income potential.
      120 Chisum Drive, Clovis, NM 88101
      View Details
    • $120,000
      1,312 SF

      High-Traffic Commercial Opportunity in Clovis

      Commercial property with high visibility and expansion potential in Clovis.
      901 E 1st Street, Clovis, NM 88101
      View Details
    • $2,488,235

      Retail Property in Clovis, NM

      Retail property with prominent signage and ample parking in Clovis.
      900 E Manana Blvd, Clovis, NM 88101
      View Details
    • $182,000
      3,000 SF

      Clovis Office Building For Sale

      Office-ready 3,000 SF building ideal for professional or service business.
      800 N Mitchell Street, Clovis, NM 88101
      View Details
    • $109,900
      1,978 SF

      Clovis Multifamily Investment Opportunity

      Two homes on one lot, ideal for investors.
      1016 Rencher Street, Clovis, NM 88101
      View Details
    • $324,000

      Clovis Multifamily Property For Sale

      Multifamily property in Clovis, NM, available for purchase.
      1321 Mission Drive, Clovis, NM 88101
      View Details
    • $400,000
      3,600 SF

      Auto Repair Shop Opportunity

      Established auto repair business with high visibility and easy access.
      1820 W 7th Street, Clovis, NM 88101
      View Details
    • $120,000
      3,000 SF

      Fenced Corner Lot with Building

      0.32-acre fenced corner lot with 3,000 SF metal building.
      1017 E Grand Avenue, Clovis, NM 88101
      View Details
    • $120,000
      1,312 SF

      High-Traffic Commercial Property For Sale

      Commercial property with high visibility and expansion potential.
      901 E 1st Street, Clovis, NM 88101
      View Details
    • $2,500,000
      7,831 SF

      New Retail Building For Sale

      7,831 SF retail building built in 2023 on 2.06 acres.
      512 E Llano Estacado Blvd, Clovis, NM
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Clovis, NM, featuring two units.
    Where is this duplex located?
    The property is located at 1316 Ash Street Clovis, NM.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Great investment property with existing tenants.; Two units, each featuring 2 bedrooms and 2 full bathrooms upstairs.; Each unit includes a double car garage.
    (575) 762-3542
    We can help!
    Listing Contact
    Robin Myers
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!