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    1500 Avenue G S Portales, NM 88130

    For Sale
    $491,000

    Multi Unit 2-4 - Portales, NM

    Property size:
    3,780 SF
    Lot size:
    0.23 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 1500 Avenue G S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    100000000491101
    Parking
    8
    Interior features
    Ceiling Fan(s)
    Exterior features
    Sidewalk
    Appliances
    Cooktop, Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    3,780 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Number of units
    4
    Flooring type
    Concrete
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Southwest Real Estate (575) 762-7801 [email protected]

    Listing agent Illeana Griego (575) 762-7801

    Listing date Aug 28, 2025

    MLS# 20250223 Listing URL

    Copyright © 2025 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

    New 4-Plex Near ENMU

    This is a new 4-plex property for sale, offering a unique ownership opportunity. Each unit features a 2-bedroom, 2-bathroom layout and comes fully equipped with new kitchen appliances, as well as a washer and dryer. The property is located just 3 blocks from Eastern New Mexico University, presenting a good investment opportunity for those looking to cater to the student community. Its location is also convenient for Cannon Air Force Base. Each unit includes a fenced backyard, offering private outdoor space. The property is located in Portales, New Mexico, in Roosevelt County. The lot size is 0.2273 acres, and the property size is 3780 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    Portales
    County
    Roosevelt
    State
    New Mexico
    Longitude
    -103.340254
    Latitude
    34.175712

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    FAQs

    What type of property is this?
    Quadplex - New 4-plex near Eastern New Mexico University with fenced backyards.
    Where is this quadplex located?
    The property is located at 1500 Avenue G S Portales, NM.
    What is the asking price?
    The asking price for this property is $491,000.
    What are key features of this property?
    This property features: - Brand new 4-plex: Unique ownership opportunity with modern construction.; - Each unit includes 2 bedrooms and 2 bathrooms: Provides comfortable living.; - Fully equipped units: Includes new kitchen appliances, washer, and dryer.
    (575) 762-7801
    Request Owner's contact information
    1500 Avenue G S Portales, NM 88130
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    Portales, NM 88130
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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
    1500 Avenue G S Portales, NM 88130
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