Duplex with Two Rental
For Sale
$139,000
701 Lava, Milan, NM 87021
MULTI_FAMILY - Milan, NM
Property Size1,922 SF
Lot Size0.38 Acres
Price / SF$72.32
Days on Market447
Property Features for 701 Lava
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 1
Appliances
Refrigerator
Directions
Heading northwest on San Jose toward 3rd St. Turn right on 5th St. Turn left onto I-40/ W Sante Fe Ave/ U.S. Rte. 66. Turn left onto Milan St. Turn right onto Lava Ave. Sign on property.
Subdivision
390 - Cibola
Standard status
Active
APN
2058063110323
Size
1,922 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
584
Utilities
Heating system
Forced Air, Central
Amenities
swamp coolers
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Frame, Stucco
Listing Agency:
Realty One of New Mexico
(505) 883-9400
Listed By:
Anna T Carabajal · License #50510
(505) 250-0028
Added: May 20, 2025
Changed: Aug 2
Last Checked: Aug 9 at 5:06AM
MLS# 1084438
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 duplex in Milan, New Mexico features two separate rental units. The first unit has 3 bedrooms and 2 baths, and the second unit has 2 bedrooms and 1 bath. Each unit is served by its own electric and gas meters, supporting independent tenant utilities. Comfort is provided with forced air and central heating, and cooling is supported by swamp coolers. The home was built in 1977 and includes a durable metal roof. Interior finishes include tile and carpet flooring, and appliances include a refrigerator.
The property sits on a 0.38-acre lot. The available lot space may support additional on-site parking, including room to park a manufactured home to add another income-generating unit. Both units currently have long-term renters in place.
The duplex is constructed with frame and stucco materials and offers a practical setup for tenants who value separation between households and utilities.
The property sits on a 0.38-acre lot. The available lot space may support additional on-site parking, including room to park a manufactured home to add another income-generating unit. Both units currently have long-term renters in place.
The duplex is constructed with frame and stucco materials and offers a practical setup for tenants who value separation between households and utilities.
Key Highlights
- Two rental units with separate electric and gas meters
- 3‑bedroom, 2‑bath unit plus 2‑bedroom, 1‑bath unit
- Forced air and central heating with swamp coolers
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 87021, NM
2,811
Population
1,284
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
80%
High-School Grad
10.0 sq mi
ZIP Area
281
Density / Sq Mi
$39,041
Median Household Income
$33,270
Median Earnings
$832
Median Rent
$131,500
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?
Duplex - Duplex on a spacious lot with separate electric and gas meters and long-term renters in place.
Where is this duplex located?
The property is located at 701 Lava Milan, NM.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two rental units with separate electric and gas meters; 3‑bedroom, 2‑bath unit plus 2‑bedroom, 1‑bath unit; Forced air and central heating with swamp coolers
