6-Unit Apartment
For Lease
$600,000
506 E May Avenue, Las Cruces, NM 88001
COMMERCIAL - Las Cruces, NM
Space SizeContact for details
Lot Size0.39 Acres
Days on Market268
Property Features for 506 E May Avenue
General Information
Property type
Commercial Lease
Property subtype
Other
Subdivision
Las Cruces Heights
Directions
Located downtown areaMesquite Street to 506 E May Avenue with apartments located at 520 E May Avenue
Standard status
Active
APN
4-007-135-371-223
Lot size
0.39 Acres
Taxes and HOA fees
Tax Description
Subd: ORIGINAL TOWNSITE Lot: 3 Block: 74 S: 18 T: 23S R: 2E
Legal Description
Subd: ORIGINAL TOWNSITE Lot: 3 Block: 74 S: 18 T: 23S R: 2E
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Evaporative Cooling
Water source
Public
Building Details
Floors in Building
1
Number of units
6
Flooring type
Carpet, Tile - Ceramic
Building materials
Stucco
Roof type
Flat, Tar/Gravel
Listing Agency:
Berkshire Hathaway Homeservices - NM Properties
(575) 541-9221
Listed By:
Terriane M Everhart · License #15542
(575) 639-1138
Added: Nov 18, 2025
Changed: Aug 4
Last Checked: Aug 13 at 9:06AM
MLS# 2503612
Copyright © 2026 Las Cruces Association of REALTORS®. 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 6-unit apartment building offers a mix of unit types, including one 3-bedroom rental unit and five 1-bedroom, 1-bath apartments. The property is described as newly remodeled, and the building improvements and finishes include tile - ceramic and carpet flooring. Heating is provided by forced-air systems, with evaporative cooling.
Set on a 0.39-acre lot at 506 E May Avenue in Las Cruces, the building is constructed with stucco and features a flat, tar/gravel roof. Public water service and public sewer are available, and natural gas is available for the property.
Per the listing, purchase is subject to existing leases on all 6 units.
Set on a 0.39-acre lot at 506 E May Avenue in Las Cruces, the building is constructed with stucco and features a flat, tar/gravel roof. Public water service and public sewer are available, and natural gas is available for the property.
Per the listing, purchase is subject to existing leases on all 6 units.
Key Highlights
- Six total units: one 3‑bedroom rental unit and five 1‑bedroom, 1‑bath apartments
- 0.39‑acre lot at 506 E May Avenue in Las Cruces, NM
- Forced‑air heating and evaporative cooling
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
Explore this area
Business Placement
Demographics for 88001, NM
36,831
Population
16,985
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
83%
High-School Grad
11.1 sq mi
ZIP Area
3,318
Density / Sq Mi
$32,978
Median Household Income
$23,195
Median Earnings
$797
Median Rent
$158,300
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 - Six-unit apartment building with forced-air heating, evaporative cooling, and public water and sewer services.
Where is this apartment building located?
The property is located at 506 E May Avenue Las Cruces, NM.
What is the lease rate?
The lease rate is $600,000.
What are key features of this property?
This property features: Six total units: one 3‑bedroom rental unit and five 1‑bedroom, 1‑bath apartments; 0.39‑acre lot at 506 E May Avenue in Las Cruces, NM; Forced‑air heating and evaporative cooling
