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One-Story Stucco Apartment Building
For Sale
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2106 College St, Las Cruces, NM 88001

One-story frame stucco building with 10 units, including 1-bedroom and 2-bedroom configurations.

Property SizeContact for details
Days on Market121

Property Features for 2106 College St

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Steinborn Commercial Real Estate
Listed By: Bill Shattuck · License #NM 18460 DR
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 11:52PM

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 Steinborn Commercial Real Estate

Investment Insights

Based on property information with market context.

This one-story frame stucco apartment building contains 10 total units, made up of (10) 1-bedroom units and (3) 2-bedroom units, arranged within a single building structure. The property is presented for sale with stated income metrics of a 7.1% cap rate and $35,308 per door.

The building is described as within walking distance of New Mexico State University, which is listed at 25,300+ enrollment.

With the mix of 1-bedroom and 2-bedroom unit types, the property offers a straightforward residential income configuration in a compact one-building layout.

Key Highlights

  • 7.1% cap rate and $35,308 per door
  • One‑story frame stucco building with 10 total units
  • Unit mix includes (10) 1‑bedroom units and (3) 2‑bedroom units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Hair Salon Nail Salon Real Estate Agency Electrical Service HVAC Service Spa & Massage Center

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

773
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?
Apartment building - One-story frame stucco building with 10 units, including 1-bedroom and 2-bedroom configurations.
Where is this apartment building located?
The property is located at 2106 College St Las Cruces, NM.
What are key features of this property?
This property features: 7.1% cap rate and $35,308 per door; One‑story frame stucco building with 10 total units; Unit mix includes (10) 1‑bedroom units and (3) 2‑bedroom units
(575) 521-1535 Call to check price and availability
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