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Seville Apartments with Courtyard
For Sale
Contact for pricing
Pending

1400 Alamo St, Las Cruces, NM 88001

Multifamily property with individually metered utilities, on-site laundry, and surface parking.

Property SizeContact for details
Days on Market144

Property Features for 1400 Alamo St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 87%
Net Operating Income $87,013

Additional Details

Utilities to Site Yes
Parking per Unit 2

Amenities

Large Open Courtyard
On-Site Laundry Facility
Listing Agency: Waller Group Homes
Listed By: Logan Waller · License #TX 0479147
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 10:44AM

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 Waller Group Homes

Investment Insights

Based on property information with market context.

Seville Apartments is an apartment-building property with a large shared courtyard, surface parking, and an on-site laundry facility. Each unit includes an electric stove and oven, refrigerator, individual electric and gas metering, and a separate water heater. Cooling is provided through swamp coolers and individual window units. The property is currently 87% occupied, with 3 vacant units described as market ready.

The property is located 1.8 miles from New Mexico State University and 2.1 miles from Doña Ana Community College in Las Cruces. The roof was replaced 5 years ago, while the asphalt surface parking lot was repaved 6 years ago. Parking is provided at 2 spaces per unit.

Key Highlights

  • 87% current occupancy with 3 vacant units identified as market ready
  • 1.8 miles from New Mexico State University and 2.1 miles from Doña Ana Community College
  • Large open courtyard and on‑site laundry facility

Property Analytics

Current Use

Seville Apartments Apartment Building Desert of Hope Apartment Complex

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Locksmith Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

87%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

997
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 - Multifamily property with individually metered utilities, on-site laundry, and surface parking.
Where is this apartment building located?
The property is located at 1400 Alamo St Las Cruces, NM.
What are key features of this property?
This property features: 87% current occupancy with 3 vacant units identified as market ready; 1.8 miles from New Mexico State University and 2.1 miles from Doña Ana Community College; Large open courtyard and on‑site laundry facility
(214) 818-4109 Call to check price and availability
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