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Duplex Income Property
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1245 JELSO AVE, Grants, NM 87020

For sale duplex in Grants, NM, with an available neighboring sister property for buyers seeking additional units.

Property Size2,400 SF
Price / SF$112.50
Days on Market52

Property Features for 1245 JELSO AVE

General Information

Standard status Active
Size 2,400 SF
Class B
Property subtype Multifamily, Special Purpose
Zoning MF
Occupancy 90%
Investment Type Stabilized
Net Operating Income $21,302

Building Details

Year Built 1980
Buildings 1
Units 8
Tenancy Multi
Listing Agency: Hanna Commercial, LLC
Listed By: Richard Hanna, CCIM · License #9158
Source: Crexi
Added: Jun 21 Changed: Aug 8 Last Checked: Aug 10 at 6:36AM

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.

1245 JELSO AVE is a for-sale duplex set up for residential income. The property is identified as having two units under a single duplex configuration, providing an owner with a straightforward income asset structure.

The listing notes a sister property next door at 1241 JELSO AVE, which is also available for sale. This side-by-side availability may be relevant for buyers looking to expand their holdings while keeping acquisitions adjacent.

Because the information provided focuses on the duplex form factor and the availability of the neighboring sister property, prospective buyers should evaluate unit interiors, layout, and current condition during their due diligence. This is best suited for owner-occupants or investors seeking a residential income duplex and, optionally, the opportunity to purchase an additional neighboring property as part of a broader acquisition plan. For current terms and to confirm all details, request the full package from the listing broker.

Key Highlights

  • Duplex for sale in Grants, NM
  • Year built: 1980
  • Sister property next door at 1241 is also available for sale

Property Analytics

Current Use

Duplexes

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.

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?
Duplex - For sale duplex in Grants, NM, with an available neighboring sister property for buyers seeking additional units.
Where is this duplex located?
The property is located at 1245 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 for sale in Grants, NM; Year built: 1980; Sister property next door at 1241 is also available for sale
(505) 332-0522 Call to check price and availability
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