Renovated Apartment
For Sale
$1,100,000
201 Lincoln Avenue, Grants, NM 87020
ResidentialIncome, Grants, NM
Property Size7,090 SF
Lot Size0.40 Acres
Price / SF$155.15
Days on Market54
Property Features for 201 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
M-R
Bedrooms
20
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 3, Bathroom 6, Bedroom 6, Bedroom 13, Bedroom 2, Bedroom 14, Bedroom 7, Bathroom 7, Bedroom 15, Bathroom 2, Bathroom 9, Bathroom 4, Bathroom 3, Bedroom 18, Bathroom 10, Bedroom 9, Bedroom 11, Bathroom 8, Bedroom 17, Bedroom 4, Bedroom 19, Bedroom 10, Bedroom 8, Bedroom 16, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 20, Bedroom 12
Parking
20
Security features
Security
Exterior features
Landscaping, Lighting
Appliances
FreeStandingGasRange, Disposal, Microwave, Refrigerator
Directions
on U.S. RT 66 take a right onto 1st St, make a right at Lincoln Ave
Subdivision
390 - Cibola
Standard status
Active
APN
2055062151437
Size
7,090 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
6382
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Amenities
washer/dryer hookups
stainless steel appliances
quartz countertops
garbage disposals
LVP flooring
tiled showers
mini-split HVAC systems
secured gated courtyard
Building Details
Year built
1976
Floors in Building
1
Number of units
10
Flooring type
Carpet, Vinyl
Building materials
Brick, Frame
Listing Agency:
Weichert, Realtors Image
(505) 365-6721
Listed By:
Diana J Leal · License #54204
(505) 910-3320
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 31 at 5:06PM
MLS# 1106959
Copyright © 2026 Southwest MLS. 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 7,090-square-foot apartment property contains 10 renovated units on 0.4 acres. Unit interiors include consistent floor plans, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, tiled showers, and washer/dryer hookups. Property-wide mini-split HVAC systems were installed in 2024, with ductless heating and cooling throughout. Brick and frame construction, landscaping, and site lighting are also present.
Occupancy is 80%. A roughly 600-square-foot, one-bedroom, one-bath unit was converted from storage space and is approximately 75% complete; finishing that unit could add another income-producing apartment, subject to completion. Residents have access to a secure gated courtyard. The property is located at 201 Lincoln Avenue in Grants, New Mexico.
Occupancy is 80%. A roughly 600-square-foot, one-bedroom, one-bath unit was converted from storage space and is approximately 75% complete; finishing that unit could add another income-producing apartment, subject to completion. Residents have access to a secure gated courtyard. The property is located at 201 Lincoln Avenue in Grants, New Mexico.
Key Highlights
- 10 renovated apartment units with 80% occupancy
- 7,090 SF apartment property on 0.4 acres
- 2024 installation of energy‑efficient mini‑split HVAC systems property‑wide
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments feature updated finishes, laundry hookups, and access to a secure 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 apartment units with 80% occupancy; 7,090 SF apartment property on 0.4 acres; 2024 installation of energy‑efficient mini‑split HVAC systems property‑wide
