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Two-Unit Duplex With Basement
For Sale
$121,000

1412 8th Street, Las Vegas, NM 87701

MULTI_FAMILY - Other - Las Vegas, NM

Property Size1,880 SF
Lot Size0.17 Acres
Price / SF$64.36
Days on Market329

Property Features for 1412 8th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-1, 2, 3, 4, 5, 6
Zoning description R-2
Bedrooms 3
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1
Interior features NoInteriorSteps
Elementary school Las Vegas
Middle school Las Vegas
High school Las Vegas
Directions Take Exit 343 toward Las Vegas / NM-65, At the end of the ramp, turn right onto NM-65 / University Ave heading into Las Vegas, Continue on University Ave for about 1.3 miles, Turn right onto 7th St, Go about 0.4 miles, then turn left onto Mills Ave, Continue a short distance, then turn left onto 8th St, Drive about 0.3 miles, Your destination, 1412 8th St, Las Vegas, NM 87701, will be on the left.
Standard status Active
APN 1094093436374
Size 1,880 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description See associated docs
Legal Description See associated docs

Utilities

Sewer type Public Sewer
Heating system Space Heater, Natural Gas
Water source Public

Building Details

Year built 1940
Floors in Building 1
Number of units 2
Architectural style Other
Listing Agency: Home & Land Professionals LLC
Listed By: Kurtis Quintana · License #53169
Added: Sep 17, 2025 Changed: Aug 9 Last Checked: Aug 11 at 9:06PM
MLS# 202504274

Copyright © 2026 Santa Fe Association of REALTORS®, Inc. 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.

This duplex contains 1,880 square feet across two residences. The larger unit measures 1,306 square feet and includes two bedrooms, one bathroom, a bonus room beyond the laundry area, and a partially finished basement for storage. The second unit offers 574 square feet with one bedroom and one bathroom. Both residences have recent rental history, while the interior layout provides room for future updates.

A long driveway serves parking needs for both units. The property sits on a 0.17-acre lot with public water and public sewer, and it was built in 1940. R-1, 2, 3, 4, 5, and 6 zoning is identified. Restaurants and shopping are nearby, and Highlands University is within walking distance. Interior access is configured without interior steps.

Key Highlights

  • 1,880‑square‑foot duplex with two separate units
  • Larger unit: 1,306 square feet, 2 bedrooms, 1 bathroom, and bonus room
  • Second unit: 574 square feet with 1 bedroom and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Daycare Center (Bike/Boat/Book/etc) Store Garden Center Real Estate Agency

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

101
Businesses Nearby

Demographics for 87701, NM

18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Separate residences include flexible bonus space and basement storage.
Where is this duplex located?
The property is located at 1412 8th Street Las Vegas, NM.
What is the asking price?
The asking price for this property is $121,000.
What are key features of this property?
This property features: 1,880‑square‑foot duplex with two separate units; Larger unit: 1,306 square feet, 2 bedrooms, 1 bathroom, and bonus room; Second unit: 574 square feet with 1 bedroom and 1 bathroom
More about this property
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