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Multifamily Property with Secondary Residence
For Sale
$164,999

1101 S Espanola St, Las Cruces, NM 88001

Corner-lot property combines a primary adobe home, private-entry living area, and detached two-bedroom residence.

Property SizeContact for details
Days on Market70

Property Features for 1101 S Espanola St

General Information

Standard status Active
Property subtype Residential Income

Building Details

Buildings 2
Listing Agency: New Mexico Properties
Listed By: DeAnn L Rocha
Source: Exprealty
Added: Jun 3 Changed: Aug 8 Last Checked: Aug 11 at 11:18AM

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 New Mexico Properties

Investment Insights

Based on property information with market context.

This multifamily property includes several distinct living spaces on a large corner lot. The primary adobe residence measures approximately 2,234 square feet and is configured with three bedrooms, an office or bedroom suite, and two baths. It also contains a separate one-bedroom, one-bath living area with its own private entrance.

A detached secondary residence adds approximately 754 square feet with two bedrooms and one bath. Together, the improvements provide a combination of primary-home space, separately accessed accommodations, and an additional standalone residence. The property is located at 1101 S Espanola St in Las Cruces, New Mexico.

Key Highlights

  • Approximately 2,234‑square‑foot main adobe residence
  • Separate 1‑bedroom, 1‑bath living area with private entrance
  • Detached secondary residence of approximately 754 square feet

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Butcher Grocery & Convenience Store Locksmith Acupuncture (Bike/Boat/Book/etc) Store Florist

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

Location Intelligence

Trade Area within ½ mile

1,192
Businesses Nearby

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

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

What type of property is this?
Multifamily property - Corner-lot property combines a primary adobe home, private-entry living area, and detached two-bedroom residence.
Where is this multifamily property located?
The property is located at 1101 S Espanola St Las Cruces, NM.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: Approximately 2,234‑square‑foot main adobe residence; Separate 1‑bedroom, 1‑bath living area with private entrance; Detached secondary residence of approximately 754 square feet
More about this property
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