Three-Bedroom Duplex
For Sale
$295,000
Pending
1362 Santa Fe, Las Cruces, NM 88001
Two residential units offer three bedrooms and two bathrooms each, with tenants responsible for utilities.
Property Size2,172 SF
Days on Market93
Property Features for 1362 Santa Fe
General Information
Standard status
Pending
Size
2,172 SF
Property subtype
Multi-Family
Building Details
Year Built
2003
Listing Agency:
RE/MAX Classic Realty
Listed By:
Kayla Fikany
(575) 915-2461
Source:
Zrealestate
Added: Jul 16
Changed: Oct 15
Last Checked: Oct 14 at 10:48PM
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 RE/MAX Classic Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains 2,172 square feet across two residential units. Each unit provides three bedrooms and two bathrooms, creating a consistent layout throughout the property.
Tenants are responsible for all utilities. The seller also owns an adjacent duplex that is being offered for sale separately, providing an option to evaluate both properties together.
Tenants are responsible for all utilities. The seller also owns an adjacent duplex that is being offered for sale separately, providing an option to evaluate both properties together.
Key Highlights
- 2,172‑square‑foot duplex built in 2003
- Two units, each with 3 bedrooms and 2 bathrooms
- Tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,655
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,100
$293.1K
Cap Rate 7%
$209,357
$209.4K
Cap Rate 9%
$162,833
$162.8K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$22.2K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.9K $9.64/SF
− OpEx
−$6.3K −$2.89/SF
NOI
$14.7K $6.75/SF
Area
Las Cruces, NM
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,100
Cap Rate 7%
$209,357
Cap Rate 9%
$162,833
Alternative Uses
Best Use
Multifamily LT 5
$209.4K
$183.2K – $244.3K
NOI $14,655 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$188.3K
$164.8K – $219.7K
NOI $13,182 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$380.1K
$332.6K – $443.4K
NOI $26,606 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three bedrooms and two bathrooms each, with tenants responsible for utilities.
Where is this duplex located?
The property is located at 1362 Santa Fe Las Cruces, NM.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,172‑square‑foot duplex built in 2003; Two units, each with 3 bedrooms and 2 bathrooms; Tenants pay all utilities
