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    1412 8Th St Las Vegas, NM 87701

    New
    For Sale
    $175,000

    MULTI_FAMILY - Other - Las Vegas, NM

    Property size:
    1,880 SF
    Lot size:
    0.17 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1412 8Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-1, 2, 3, 4, 5, 6
    Rooms
    Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    3
    APN
    1094093436374
    Interior features
    NoInteriorSteps
    Size
    1,880 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1940
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    Home & Land Professionals LLC (505) 425-9074

    Listing agent Kurtis Quintana (505) 718-9364 License #53169

    Listing date Dec 4, 2025

    MLS# 202504274 Listing URL

    Copyright © 2025 Santa Fe Association of REALTORS®, 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

    Income-Generating Duplex Near Highlands University

    This income-generating duplex features two separate units, totaling 1,880 square feet. The main unit offers 1,306 square feet with 2 bedrooms, 1 bathroom, and a bonus room located past the laundry room, suitable for an office, storage, or workspace. The larger unit also includes a generous, partially finished basement for additional storage. The secondary unit provides 574 square feet with 1 bedroom and 1 bathroom and is currently occupied by tenants. The property includes a long driveway accommodating parking for both units. Both units have a recent and current rental history, with the potential to benefit from modern updates. This property offers multiple investment strategies: maintain it as a rental property with existing tenant income, use it as an owner-occupied investment by living in the larger unit while collecting rent from the smaller unit, or develop it as a family compound. Located near restaurants and shopping for convenience, it is also within walking distance of Highlands University, making it convenient for student tenants. The property is ready for a buyer's updates and improvements to maximize its potential and is located in Las Vegas, New Mexico.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Las Vegas
    County
    San Miguel
    State
    New Mexico
    Longitude
    -105.2235047
    Latitude
    35.6040116

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex near amenities and university, great investment opportunity.
    Where is this duplex located?
    The property is located at 1412 8Th St Las Vegas, NM.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Income-generating duplex with two separate units and rental history.; - Main unit features 2 bedrooms, 1 bathroom, and a bonus room, offering 1,306 sq ft of living space.; - Secondary unit is currently tenant-occupied, providing immediate rental income with 574 sq ft.
    (505) 718-9364
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    1412 8Th St Las Vegas, NM 87701
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    Las Vegas, NM 87701
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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
    1412 8Th St Las Vegas, NM 87701
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