10-Unit Multifamily
For Sale
$1,100,000
201 Lincoln Avenue, Grants, NM 87020
MULTI_FAMILY - Grants, NM
Property Size7,090 SF
Lot Size0.40 Acres
Price / SF$155.15
Days on Market36
Property Features for 201 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
M-R
Bedrooms
20
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 10, Bedroom 16, Bathroom 3, Bedroom 11, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 5, Bathroom 9, Bathroom 7, Bedroom 15, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 10, Bedroom 4, Bedroom 7, Bedroom 19, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 9, Bedroom 20, Bedroom 14, Bedroom 18, Bathroom 8, Bedroom 12, Bedroom 13, Bedroom 8, Bedroom 17
Parking
20
Security features
Security
Exterior features
Landscaping, Lighting
Appliances
FreeStandingGasRange, Disposal, Microwave, Refrigerator
Directions
on U.S. RT 66 take a right onto 1st St, make a right at Lincoln Ave
Subdivision
390 - Cibola
Standard status
Active
APN
2055062151437
Size
7,090 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
6382
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Amenities
washer/dryer hookups
stainless steel appliances
quartz countertops
garbage disposals
LVP flooring
tiled showers
mini-split HVAC systems
gated courtyard
Building Details
Year built
1976
Floors in Building
1
Number of units
10
Flooring type
Carpet, Vinyl
Building materials
Brick, Frame
Listing Agency:
Weichert, Realtors Image
(505) 365-6721
Listed By:
Diana J Leal · License #54204
(505) 910-3320
Added: Jul 9
Changed: Aug 4
Last Checked: Aug 13 at 8:06AM
MLS# 1106959
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10-unit multifamily property features renovated units and a consistent, spacious floor plan. Unit interiors include washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. Heating and cooling are provided by new ductless (mini-split) systems installed property-wide in 2024. Exterior amenities include landscaping and exterior lighting, and residents have access to a secure gated courtyard.
Set on a 0.4-acre lot with approximately 7,090 square feet under roof, the building was constructed in 1976 using brick and frame construction. The property is currently at 80% occupancy.
An additional storage-to-living conversion has been started: an approximately 600 SF, 1-bedroom/1-bath unit was created from a storage unit with washer/dryer hookups, providing the opportunity to create an 11th income-producing unit, subject to completion. The 11th unit is roughly 75% complete.
Set on a 0.4-acre lot with approximately 7,090 square feet under roof, the building was constructed in 1976 using brick and frame construction. The property is currently at 80% occupancy.
An additional storage-to-living conversion has been started: an approximately 600 SF, 1-bedroom/1-bath unit was created from a storage unit with washer/dryer hookups, providing the opportunity to create an 11th income-producing unit, subject to completion. The 11th unit is roughly 75% complete.
Key Highlights
- 10 renovated units with consistent floor plan and washer/dryer hookups
- 80% occupancy with ongoing immediate lease‑up potential
- Ductless mini‑split HVAC systems installed property‑wide in 2024
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 87020, NM
11,471
Population
4,593
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
902.0 sq mi
ZIP Area
13
Density / Sq Mi
$67,511
Median Household Income
$39,100
Median Earnings
$741
Median Rent
$154,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add 10-unit multifamily with renovated interiors, 80% occupancy, gated courtyard, and 2024 mini-split HVAC updates.
Where is this apartment building located?
The property is located at 201 Lincoln Avenue Grants, NM.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10 renovated units with consistent floor plan and washer/dryer hookups; 80% occupancy with ongoing immediate lease‑up potential; Ductless mini‑split HVAC systems installed property‑wide in 2024
