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    1515 W 18Th St Portales, NM 88130

    For Sale
    $495,000

    Multi Unit 5+ - Portales, NM

    Lot size:
    0.92 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 1515 W 18Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    100100000014900
    Interior features
    Walk-In Closet(s)
    Appliances
    Range, Refrigerator
    Lot size
    0.92 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    1
    Number of units
    8
    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Brick
    Roof type
    Metal, Shingle
    Architectural style
    Other

    Keller Williams Realty (575) 935-4040 [email protected]

    Listing agent Melinda Wilkinson (575) 935-4040

    Listing date Oct 31, 2025

    MLS# 20256251 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

    Eight-Door Apartment Complex with Storage

    This property presents an opportunity to own an eight-door apartment complex characterized by consistently low turnover. Each unit includes one bedroom, one bathroom, and a large walk-in closet. The kitchens are equipped with an electric range and refrigerator. Building 1 has a metal roof, while Building 2 features a composition roof. Utilities are separately metered, and tenants are responsible for their own utility payments. Each apartment is equipped with central heat and air, and covered porches provide added comfort. The property also includes 20 concrete block storage units, each approximately 10x10, with concrete foundations and metal roofs, offering an additional income source or tenant amenity. Situated on a large lot of 0.9183 acres, this property offers potential for future growth. The property is located in Portales, Roosevelt County, New Mexico.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    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
    -103.350685
    Latitude
    34.171008

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment complex with storage units and expansion potential.
    Where is this apartment building located?
    The property is located at 1515 W 18Th St Portales, NM.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: - Eight-door apartment complex with consistently low turnover.; - 20 concrete block storage units provide additional income or tenant amenity.; - Each unit has separate utility meters, with tenants paying their own utilities.
    (575) 935-4040
    Request Owner's contact information
    1515 W 18Th St 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
    1515 W 18Th St Portales, NM 88130
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