Updated Duplex Income
For Sale
$270,000
1241 Jelso Ave, Grants, NM 87020
Updated duplex with stucco repairs, newer cooling units, and a TPO roof installed about five years ago.
Property Size2,400 SF
Price / SF$112.50
Days on Market85
Property Features for 1241 Jelso Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily
Zoning
MR
Additional Details
Multifamily Units
8
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Hanna Commercial, LLC
Listed By:
Richard Hanna · License #9158
(505) 332-0522
Source:
Carnm.resimplifi
Added: Jun 17
Changed: Sep 8
Last Checked: Sep 9 at 6:12AM
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 updated duplex offers recent exterior and mechanical improvements intended to help reduce near-term capital expenses. Recent work includes stucco repair with a fresh color coat, newer cooling units, and a TPO roof installed approximately five years ago.
The property is located at 1241 Jelso Avenue in Grants, NM 87020. Public remarks indicate historically strong occupancy and rental rates around $800 per unit, supporting a consistent income profile for an investor.
As an income-oriented duplex, the layout is designed for two rental units within a single property, supported by the documented updates to key building components.
The property is located at 1241 Jelso Avenue in Grants, NM 87020. Public remarks indicate historically strong occupancy and rental rates around $800 per unit, supporting a consistent income profile for an investor.
As an income-oriented duplex, the layout is designed for two rental units within a single property, supported by the documented updates to key building components.
Key Highlights
- Duplex built in 1980
- Stucco repair and color coat completed as recent updates
- Newer cooling units
Property Analytics
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Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with stucco repairs, newer cooling units, and a TPO roof installed about five years ago.
Where is this duplex located?
The property is located at 1241 Jelso Ave Grants, NM.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Duplex built in 1980; Stucco repair and color coat completed as recent updates; Newer cooling units
