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Three-Unit Live-Work Property
New
For Sale
$465,000

1101 Douglas Ave, Las Vegas, NM 87701

Includes a former medical office layout plus two standalone one-bedroom rental units.

Property Size3,200 SF
Price / SF$145.31
Days on Market7

Property Features for 1101 Douglas Ave

General Information

Standard status Active
Size 3,200 SF
Property subtype Multi-Family

Additional Details

Office Units 1

Building Details

Year Built 1947
Buildings 3
Listing Agency: Nm360 Real Estate
Listed By: Jeff Salman · License #3013
Source: Rivasrealestatenm
Added: Aug 16 Changed: Aug 17 Last Checked: Aug 22 at 3:55AM

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 Nm360 Real Estate

Investment Insights

Based on property information with market context.

This three-unit property combines a main office-style unit with two separate one-bedroom rentals. The primary unit includes a waiting area, reception and check-in area, four office rooms, and two bathrooms; it was previously used by a medical office. The layout may also be converted to a two-bedroom residence. Two standalone one-bedroom units provide additional residential space within the property. The building contains approximately 3,200 square feet and was built in 1947. Its setting near a university and commercial districts supports both the live-work configuration and proximity to established activity centers. The property is located at 1101 Douglas Ave in Las Vegas, NM.

Key Highlights

  • Three‑unit property with one main office‑style unit and two standalone one‑bedroom rentals
  • Main unit includes a waiting area, front desk/check‑in, four office rooms, and two bathrooms
  • Main unit may be converted to a two‑bedroom residence

Property Analytics

Current Use

Meadow City Procedural ... Medical Clinic Wendy Dimmette Md Physician

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Storage Facility Garden Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

892
Businesses Nearby

Demographics for 87701, NM

18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Includes a former medical office layout plus two standalone one-bedroom rental units.
Where is this triplex located?
The property is located at 1101 Douglas Ave Las Vegas, NM.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three‑unit property with one main office‑style unit and two standalone one‑bedroom rentals; Main unit includes a waiting area, front desk/check‑in, four office rooms, and two bathrooms; Main unit may be converted to a two‑bedroom residence
More about this property
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