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Versatile Multifamily Property on Acreage

158 Independence Avenue, Las Vegas, NM 87701

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For Sale

$384,900

MULTI_FAMILY - Las Vegas, NM

Property size:

3,515 SF

Lot size:

1.41 Acres

Price / SF:

$109/SF

HighLights

Over an acre with 2 lots and 3 separate homes, offering income and/or multi‑generational living potential
Front home: approx. 1,120 sq. ft., 3 bedrooms and 3/4 bath
Middle structure: efficiency apartment with a spacious bedroom, living area, and 3/4 bath
Rear home: 3 bedrooms, 1.75 baths, and its own 2‑car garage
Additional outbuildings include a detached single‑car garage, multiple storage sheds, and other outbuildings
Central heating; frame and stucco construction; tile and carpet flooring; appliances include refrigerator, disposal, and free‑standing gas range

We can help!

Contact an agent

Jonathan M Ortiz

Learn more

For Sale

$384,900

MULTI_FAMILY - Las Vegas, NM

Property size:

3,515 SF

Lot size:

1.41 Acres

Price / SF:

$109/SF

Added:: Mar 30, 2026
Days on Market:: 101
Last Refresh:: Jul 8 at 6:06 am

Property Features for 158 Independence Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 7
Bathrooms: 4
Rooms: Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 3
Appliances: FreeStandingGasRange, Disposal, Refrigerator
Standard status: Active
APN: 1094092521323
Size: 3,515 SF
Lot size: 1.41 Acres

Taxes and HOA fees

Tax Description: SUBD: TOWN OF LAS VEGAS BLOCK: L-7 L-8 S: 27 T: 16 R: 16
Tax Annual Amount: 2100

Utilities

Heating system: Central

Building Details

Year built: 1950
Floors in Building: 2
Number of units: 3
Flooring type: Tile, Carpet
Building materials: Frame, Stucco

We can help!

Contact an agent

Jonathan M Ortiz

Listing agent Jonathan M Ortiz License #44118

Listing office Southwest Elite Real Estate 8100 Wyoming M4 #412, Albuquerque, NM

Listing date Mar 30, 2026

MLS# 1100794 Listing URL

HighLights

Over an acre with 2 lots and 3 separate homes, offering income and/or multi‑generational living potential
Front home: approx. 1,120 sq. ft., 3 bedrooms and 3/4 bath
Middle structure: efficiency apartment with a spacious bedroom, living area, and 3/4 bath
Rear home: 3 bedrooms, 1.75 baths, and its own 2‑car garage
Additional outbuildings include a detached single‑car garage, multiple storage sheds, and other outbuildings
Central heating; frame and stucco construction; tile and carpet flooring; appliances include refrigerator, disposal, and free‑standing gas range

Overview

This multifamily property offers an investment opportunity with versatility, situated on over an acre comprising two lots and three separate homes. The front home features approximately 1,120 square feet with 3 bedrooms and a 3/4 bath. The middle structure is an efficiency apartment complete with a spacious bedroom, living area, and 3/4 bath. The rear home offers 3 bedrooms, 1.75 baths, and its own 2-car garage. The property also includes a detached single-car garage, multiple storage sheds, and various outbuildings suitable for hobbyists, storage, or workspace needs. Mature trees and a rock wall enhance the property's outdoor appeal. The total property size is 3,515 square feet.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Las Vegas
County: San Miguel
State: New Mexico
Longitude: -105.221774
Latitude: 35.587204

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For sale
Multifamily properties
NM
Las Vegas
87701
158 Independence Avenue

What type of property is this?

Multifamily property - Three homes on over an acre, potential income property.

Where is this multifamily property located?

The property is located at 158 Independence Avenue Las Vegas, NM.

What is the asking price?

The asking price for this property is $384,900.

What are key features of this property?

This property features: Over an acre with 2 lots and 3 separate homes, offering income and/or multi‑generational living potential; Front home: approx. 1,120 sq. ft., 3 bedrooms and 3/4 bath; Middle structure: efficiency apartment with a spacious bedroom, living area, and 3/4 bath

158 Independence Avenue, Las Vegas, NM 87701

MULTI_FAMILY - Las Vegas, NM

Property Features for 158 Independence Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Historic Bank and Office Building

Historic Adobe Mixed-Use Building

Historic Mixed-Use Adobe Building

Historic Mixed-Use Building

Updated Investment Property Near Plaza

Arby’s Restaurant NNN Investment

Historic Plaza Mixed-Use Opportunity

Income-Generating Duplex for Sale

Two-Unit Duplex Income Property

Historic Las Vegas Mixed-Use Complex

Retail Property with Medical Anchor

Speedway Convenience Store Investment Opportunity

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