Remodeled Brick
For Sale
$675,000
1820 Rentfrow Ave, Las Cruces, NM 88001
Four-unit property with updated interiors, private outdoor areas, and dedicated parking for each apartment.
Property Size3,312 SF
Price / SF$203.80
Days on Market173
Property Features for 1820 Rentfrow Ave
General Information
Standard status
Active
Size
3,312 SF
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
Makeityourplace
Listed By:
Bruce Crichton · License #20475
(575) 644-5607
Source:
Searchlascruceshomesforsale
Added: Apr 26
Changed: Oct 1
Last Checked: Oct 14 at 11:32PM
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 Makeityourplace
Investment Insights
Based on property information with market context.
This four-unit residential income property offers 3,312 SF within a brick exterior building constructed in 1965. A partial renovation completed in 2025 included new furnaces, water heaters, granite countertops, kitchen and bathroom cabinetry, toilets, hardware, faucets, doors, lighting, ceiling fans, sheetrock work, and electrical improvements.
Each apartment includes a patio, a small yard with a rock wall, and two parking spaces positioned near the front entrance. Water and trash are included with the rent, while residents pay electric and gas. The property is located at 1820 Rentfrow Ave in Las Cruces, with restaurants and businesses nearby and highway access available for travel throughout the area.
Each apartment includes a patio, a small yard with a rock wall, and two parking spaces positioned near the front entrance. Water and trash are included with the rent, while residents pay electric and gas. The property is located at 1820 Rentfrow Ave in Las Cruces, with restaurants and businesses nearby and highway access available for travel throughout the area.
Key Highlights
- Four‑unit brick property totaling 3,312 SF
- Partial remodel completed in 2025
- New furnaces and water heaters installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,347
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,940
$446.9K
Cap Rate 7%
$319,243
$319.2K
Cap Rate 9%
$248,300
$248.3K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$33.8K $10.20/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$31.9K $9.64/SF
− OpEx
−$9.6K −$2.89/SF
NOI
$22.3K $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%
$446,940
Cap Rate 7%
$319,243
Cap Rate 9%
$248,300
Alternative Uses
Best Use
Multifamily LT 5
$319.2K
$279.3K – $372.5K
NOI $22,347 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$287.2K
$251.3K – $335.0K
NOI $20,101 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$579.6K
$507.1K – $676.2K
NOI $40,571 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
736
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with updated interiors, private outdoor areas, and dedicated parking for each apartment.
Where is this quadplex located?
The property is located at 1820 Rentfrow Ave Las Cruces, NM.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit brick property totaling 3,312 SF; Partial remodel completed in 2025; New furnaces and water heaters installed
