10-Unit Apartment
For Sale
$1,100,000
201 Lincoln Avenue, Grants, NM 87020
Apartments feature updated interior finishes, in-unit laundry hookups, and access to a gated courtyard.
Property Size7,090 SF
Price / SF$155.15
Days on Market110
Property Features for 201 Lincoln Avenue
General Information
Standard status
Active
Size
7,090 SF
Total Parking Spaces
20
Property subtype
Residential Income
Zoning
M-R
Occupancy
80%
Additional Details
Multifamily Units
10
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,382
Amenities
washer/dryer hookups
stainless steel appliances
quartz countertops
garbage disposals
LVP flooring
tiled showers
mini-split HVAC
secure gated courtyard
Landscaping
Lighting
Building Details
Building Size
7,090 SF
Year Built
1976
Buildings
1
Stories
1
Units
10
Listing Agency:
Weichert, Realtors Image
(505) 365-6721
Listed By:
Diana J Leal · License #54204
(505) 910-3320
Source:
Goldenshieldsrealty
Added: Jul 9
Changed: Oct 24
Last Checked: Oct 24 at 2:58PM
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 Weichert, Realtors Image
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Investment Insights
Based on property information with market context.
This 7,090-square-foot apartment property in Grants, New Mexico, was built in 1976 and is zoned M-R. The 10 renovated apartments share a consistent floor plan and include washer and dryer hookups, stainless steel appliances, quartz counters, garbage disposals, LVP flooring, and tiled showers. Mini-split HVAC systems were installed throughout the property in 2024, and residents have access to a gated courtyard. Occupancy is 80%.
A separate one-bedroom, one-bath unit of approximately 600 square feet has been converted from storage space and is about 75% complete. It includes washer and dryer hookups; completion would be required before it could function as an additional apartment.
A separate one-bedroom, one-bath unit of approximately 600 square feet has been converted from storage space and is about 75% complete. It includes washer and dryer hookups; completion would be required before it could function as an additional apartment.
Key Highlights
- 10 renovated apartments with 80% occupancy
- 7,090 SF property built in 1976; zoned M‑R
- Mini‑split HVAC installed property‑wide in 2024
Property Analytics
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Lease Details
10
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
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Business Placement
Demographics for 87020, NM
11,471
Population
4,593
Households
2.5
Avg Household Size
38
Median Age
23%
College-Educated
85%
High-School Grad
902.0 sq mi
ZIP Area
13
Density / Sq Mi
$67,511
Median Household Income
$39,100
Median Earnings
$741
Median Rent
$154,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments feature updated interior finishes, in-unit laundry hookups, and access to a gated courtyard.
Where is this apartment building located?
The property is located at 201 Lincoln Avenue Grants, NM.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10 renovated apartments with 80% occupancy; 7,090 SF property built in 1976; zoned M‑R; Mini‑split HVAC installed property‑wide in 2024
