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Updated Four-Unit Apartment Property
For Sale
$284,000

1407 W Hank Avenue, Artesia, NM 88210

The unit mix includes one-, two-, and three-bedroom residences, with a large front porch serving the property.

Property Size3,159 SF
Price / SF$89.90
Days on Market320

Property Features for 1407 W Hank Avenue

General Information

Standard status Active
Size 3,159 SF
Total Parking Spaces 4
Property subtype Multi Family Home

Units

Unit Mix 1 x 1BR, 2 x 2BR, 1 x 3BR
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $711

Building Details

Building Size 3,159 SF
Units 4
Listing Agency: Harwell & Associates Real Estate
Listed By: Karen S Miller · License #47241
Source: Clovisrealestatesales
Added: Oct 15, 2025 Changed: Aug 28 Last Checked: Aug 29 at 10:22AM

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 Harwell & Associates Real Estate

Investment Insights

Based on property information with market context.

This four-unit residential income property contains one one-bedroom residence, two two-bedroom residences, and one three-bedroom residence. A large front porch provides shared exterior space, while split units serve all four residences following installation in 2024. The roof was also replaced in 2024.

Located at 1407 W Hank Avenue in Artesia, New Mexico, the property presents a compact multifamily configuration within a single building. Its varied bedroom mix and recent updates are the primary documented physical characteristics, giving prospective owners a clear overview of the improvements and residential layout.

Key Highlights

  • Four‑unit property with one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom units
  • Split units added to all units in 2024
  • New roof completed in 2024

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Law Firm HVAC Service Locksmith Garden 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.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby

Demographics for 88210, NM

18,571
Population
7,851
Households
2.4
Avg Household Size
35
Median Age
19%
College-Educated
86%
High-School Grad
1,287.3 sq mi
ZIP Area
14
Density / Sq Mi
$80,423
Median Household Income
$47,725
Median Earnings
$925
Median Rent
$213,900
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?
Quadplex - The unit mix includes one-, two-, and three-bedroom residences, with a large front porch serving the property.
Where is this quadplex located?
The property is located at 1407 W Hank Avenue Artesia, NM.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Four‑unit property with one 1‑bedroom, two 2‑bedroom, and one 3‑bedroom units; Split units added to all units in 2024; New roof completed in 2024
More about this property
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