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Two-Building Quadplex Property
For Sale
$540,000

1241-1245 Jelso, Grants, NM 87020

Two-story rental asset comprising four two-bedroom units across separate lots, with additional storage space for potential washer and dryer use.

Property Size4,800 SF
Price / SF$112.50
Days on Market75

Property Features for 1241-1245 Jelso

General Information

Standard status Active
Size 4,800 SF
Property subtype Multifamily
Zoning MR

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Building Details

Year Built 1980
Buildings 2
Stories 2
Listing Agency: Hanna Commercial, LLC
Listed By: Richard Hanna · License #9158
Source: Carnm.resimplifi
Added: Jun 17 Changed: Aug 29 Last Checked: Aug 29 at 11:26PM

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 Hanna Commercial, LLC

Investment Insights

Based on property information with market context.

This quadplex property includes two separate two-story buildings totaling 4,800 square feet. The four units are configured with two bedrooms, one bathroom, a kitchen, and a living area. The buildings were constructed in 1980 and are positioned on separate lots, each measuring 2,400 square feet and approximately 0.15 acres.

A dedicated storage area formerly used for washers and dryers is located outside the reported building square footage and could support renewed laundry functionality. The property is located at 1241-1245 Jelso in Grants, New Mexico, and carries MR zoning.

Key Highlights

  • Four units with two bedrooms and one bathroom per unit
  • Two separate buildings totaling 4,800 square feet
  • Each building contains 2,400 square feet

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Auto Repair Shop Hair Salon

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

135
Businesses Nearby

Demographics for 87020, NM

11,471
Population
4,593
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
902.0 sq mi
ZIP Area
13
Density / Sq Mi
$67,511
Median Household Income
$39,100
Median Earnings
$741
Median Rent
$154,900
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?
Quadplex - Two-story rental asset comprising four two-bedroom units across separate lots, with additional storage space for potential washer and dryer use.
Where is this quadplex located?
The property is located at 1241-1245 Jelso Grants, NM.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four units with two bedrooms and one bathroom per unit; Two separate buildings totaling 4,800 square feet; Each building contains 2,400 square feet
More about this property
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