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    701 Lava Milan, NM 87021

    For Sale
    $139,000

    MULTI_FAMILY - Milan, NM

    Property size:
    1,922 SF
    Lot size:
    0.38 Acres
    Days on Market:
    206
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 701 Lava

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
    Bedrooms
    3
    Bathrooms
    2
    APN
    2058063110323
    Appliances
    Refrigerator
    Size
    1,922 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Forced Air, Central

    Building Details

    Year built
    1977
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile
    Building materials
    Frame, Stucco

    Realty One of New Mexico (505) 883-9400 [email protected]

    Listing agent Anna T Carabajal (505) 250-0028 License #50510

    Listing date May 22, 2025

    MLS# 1084438 Listing URL

    Copyright © 2025 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.

    Overview

    Duplex in Milan, New Mexico

    This duplex, located in Milan, New Mexico, offers an investment opportunity with two units. The first unit includes 3 bedrooms and 2 baths, while the second features 2 bedrooms and 1 bath. The property has a spacious 0.38-acre lot, suitable for parking a manufactured home to potentially add another income-generating unit. Each unit is equipped with separate electric and gas meters, providing independent utilities for tenants. Both units currently have long-term renters. The property is cooled by swamp coolers and has a metal roof. The property has 1922 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Milan
    County
    Cibola
    State
    New Mexico
    Longitude
    -107.892911
    Latitude
    35.169646

    FAQs

    What type of property is this?
    Duplex - Versatile duplex with long-term renters, ideal for investment.
    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: - Steady income from long-term renters in both units.; - Opportunity to add a third income-generating unit by parking a manufactured home on the spacious lot.; - Duplex configuration with a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit.
    (505) 250-0028
    Request Owner's contact information
    701 Lava Milan, NM 87021
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    701 Lava
    Milan, NM 87021
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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
    701 Lava Milan, NM 87021
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