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New-Build Three-Unit Triplex
For Sale
$429,900

106 Inca Street, Elephant Butte, NM 87935

Contemporary interiors feature granite counters, stainless steel appliances, and white shaker cabinetry throughout.

Property SizeContact for details
Days on Market39

Property Features for 106 Inca Street

General Information

Standard status Active
Property subtype Multi Family Home

Units

Unit Mix 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,999

Building Details

Year Built 2026
Buildings 1
Stories 1
Units 3
Listing Agency: Rio Mesa Realty
Listed By: Cheryl A Shipley · License #20121
Source: Southwestrealestate
Added: Jul 23 Changed: Aug 29 Last Checked: Aug 30 at 5:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rio Mesa Realty

Investment Insights

Based on property information with market context.

Completed in 2026, this triplex contains three residential units with open, functional layouts and contemporary interior finishes. The configuration includes one two-bedroom, one-bath unit alongside two one-bedroom, one-bath units. Each residence features granite countertops, stainless steel appliances, and white shaker cabinets, creating a consistent finish package across the property.

The property is near Elephant Butte Lake and Truth or Consequences, with access to outdoor recreation, hot springs, and local amenities. Its three-unit layout supports both multifamily ownership and an owner-occupant arrangement, subject to the buyer’s intended use.

Key Highlights

  • Three‑unit triplex completed in 2026
  • Unit mix includes one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
  • Granite countertops, stainless steel appliances, and white shaker cabinets in each unit

Property Analytics

Current Use

Triplexes

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

59
Businesses Nearby

Demographics for 87935, NM

1,817
Population
1,938
Households
0.9
Avg Household Size
64
Median Age
16%
College-Educated
96%
High-School Grad
38.4 sq mi
ZIP Area
47
Density / Sq Mi
$44,891
Median Household Income
$27,475
Median Earnings
$1,152
Median Rent
$180,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Contemporary interiors feature granite counters, stainless steel appliances, and white shaker cabinetry throughout.
Where is this triplex located?
The property is located at 106 Inca Street Elephant Butte, NM.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Three‑unit triplex completed in 2026; Unit mix includes one 2‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; Granite countertops, stainless steel appliances, and white shaker cabinets in each unit
More about this property
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