Luxury Brand-New
1323 Mission Nuevo Drive Las Cruces, NM 88011
For Sale
$1,300,000
MULTI_FAMILY - Las Cruces, NM
Property Size6,968 SF
Lot Size0.26 Acres
Price / SF$186.57
Days on Market50
Property Features for 1323 Mission Nuevo Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Property condition
- Under Construction
- Parking features
- Garage
- Appliances
- Range, Refrigerator, Disposal, Dishwasher
- Standard status
- Active
- APN
- 4-010-133-010-327
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- MISSION NUEVO (BK 21 PG 153-154 - 057174) Lot: 13 S: 3 T:23S R: 2E
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Number of units
- 4
- Building materials
- Frame, Stucco
- Roof type
- Flat, Tile
Listing Agency:
RE/MAX Classic Realty
(575) 524-8788
Listed By:
Cecilia A Borunda · License #52429
(575) 639-2156
Added: Jun 8
Changed: Jul 18
Last Checked: Jul 27 at 8:06AM
MLS# 2601846
Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brand new construction luxury fourplex featuring four identical two-story units designed for comfort and convenience. Each unit offers a spacious layout with 4 bedrooms and 2.5 bathrooms, along with modern gourmet kitchens and brand-new appliances. Practical in-home features include refrigerated air conditioning and indoor washer/dryer hookups. Each unit also includes an attached double-car garage and provides balcony space overlooking the golf course.
The property is located in the Mission Nuevo area of Las Cruces and overlooks Sonoma Ranch Golf Course, as described for views of Golf Course Hole 11. The offering is presented as a complete package with no HOA, and the units are individually metered for utilities.
For tenants, buyers, or owner-occupants seeking a low-maintenance, turnkey income property, this configuration offers consistent unit design across the four homes. With individually metered utilities and brand new construction, the setup is built to simplify day-to-day operations while giving residents the added convenience of garage parking and in-unit laundry hookups.
The property is located in the Mission Nuevo area of Las Cruces and overlooks Sonoma Ranch Golf Course, as described for views of Golf Course Hole 11. The offering is presented as a complete package with no HOA, and the units are individually metered for utilities.
For tenants, buyers, or owner-occupants seeking a low-maintenance, turnkey income property, this configuration offers consistent unit design across the four homes. With individually metered utilities and brand new construction, the setup is built to simplify day-to-day operations while giving residents the added convenience of garage parking and in-unit laundry hookups.
Key Highlights
- Brand‑new 2026 construction luxury fourplex (under construction) with no HOA reported
- Four identical units, each with 1,742 heated SF across a spacious two‑story layout
- Each unit offers 4 bedrooms and 2.5 bathrooms with modern gourmet kitchens and brand‑new appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.1k | $10.20 |
| − Vacancy | −$3.9k | −$0.56 |
| EGI | $67.2k | $9.64 |
| − OpEx | −$20.1k | −$2.89 |
| NOI | $47.0k | $6.75 |
6,968 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$671.6K
$587.7K – $783.6K
NOI $47,015 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,355 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Turnkey fourplex with four identical two-story units, individually metered utilities, and attached double-car garages.
Where is this quadplex located?
The property is located at 1323 Mission Nuevo Drive Las Cruces, NM.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Brand‑new 2026 construction luxury fourplex (under construction) with no HOA reported; Four identical units, each with 1,742 heated SF across a spacious two‑story layout; Each unit offers 4 bedrooms and 2.5 bathrooms with modern gourmet kitchens and brand‑new appliances
