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    1505 W Hank Ave Artesia, NM 88210

    For Sale
    $289,000

    Multi Unit 2-4 - Artesia, NM

    Property size:
    3,159 SF
    Lot size:
    0.17 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1505 W Hank Ave

    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
    4151098430361 & 4151098435361
    Parking
    4
    Appliances
    Range
    Size
    3,159 SF
    Lot size
    0.17 Acres

    Building Details

    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Stucco
    Roof type
    Membrane
    Architectural style
    Other

    Harwell and Associates Real Estate (575) 748-1036 [email protected]

    Listing agent Karen Miller (575) 748-1036

    Listing date Oct 28, 2025

    MLS# 20256046 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

    Artesia Multifamily Investment Opportunity

    This multifamily property in Artesia, New Mexico, presents an excellent investment opportunity. The property consists of four units: one 1-bedroom unit, two 2-bedroom units, and one 3-bedroom unit. The building features a large front porch. Recent upgrades include the addition of split units to all units and a new roof, both completed in 2024. Situated on a lot of 0.1676 acres, the property offers a combination of current income and long-term value in a steady rental market. The total property size is 3159 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
    Artesia
    County
    Eddy
    State
    New Mexico
    Longitude
    -104.415862
    Latitude
    32.847303

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    • $289,000
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      Artesia Multifamily Investment Opportunity

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with recent upgrades in a steady rental market.
    Where is this quadplex located?
    The property is located at 1505 W Hank Ave Artesia, NM.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - 4-Unit Multifamily Property: Provides immediate rental income and long-term investment potential.; - New Roof (2024): Reduces immediate maintenance concerns.; - Split Units Added (2024): Enhances tenant comfort.
    (575) 748-1036
    Request Owner's contact information
    1505 W Hank Ave Artesia, NM 88210
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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
    1505 W Hank Ave Artesia, NM 88210
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