Renovated Multifamily Property with
201 Lincoln Avenue Grants, NM 87020
201 Lincoln Avenue, Grants, NM, 87020
$1,100,000
For Sale
$1,100,000
MULTI_FAMILY - Grants, NM
Property Size7,090 SF
Lot Size0.40 Acres
Price / SF$155.15
Days on Market10
Property Features for 201 Lincoln Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 20
- Bathrooms
- 10
- Rooms
- Bedroom 5, Bedroom 20, Bathroom 6, Bedroom 7, Bedroom 12, Bedroom 13, Bedroom 14, Bathroom 7, Bedroom 1, Bathroom 1, Bathroom 8, Bathroom 2, Bathroom 5, Bathroom 9, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 19, Bedroom 8, Bedroom 4, Bedroom 10, Bathroom 10, Bedroom 17, Bedroom 15, Bedroom 9, Bedroom 2, Bedroom 11, Bedroom 16, Bedroom 18
- Parking
- 20
- Security features
- Security
- Exterior features
- Landscaping, Lighting
- Appliances
- FreeStandingGasRange, Disposal, Microwave, Refrigerator
- 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
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 10
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick, Frame
Listing Agency
Weichert, Realtors Image
(505) 365-6721
6705 Academy Rd NE Suite A, Albuquerque, NM
Listed by
Diana J Leal · License #54204
(505) 910-3320
Added: Jul 9 Checked: Jul 18 at 9:06 pm
MLS# 1106959
Listing URL
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 multifamily property consists of 10 renovated units with a consistent, spacious floor plan. Each unit is described as having washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. Property-wide, new energy-efficient mini-split HVAC systems were installed in 2024. The property also includes a secure gated courtyard for residents.
Additional value-add related improvements are noted in the materials. An additional approximately 600 SF, 1-bedroom/1-bath unit has been converted from a storage unit and includes washer/dryer hookups. Completion is described as roughly 75% complete, with the stated opportunity to create an 11th income-producing unit subject to completion.
From a tenant- or operator-fit perspective, the unit package is oriented around in-unit convenience, including laundry hookups, modern finishes, and tiled showers. The 2024 HVAC upgrade supports a uniform approach to climate control across the building. With 80% occupancy reported for the renovated units, this is positioned for buyers seeking a recently refreshed rental housing base and continued completion of the partially finished additional unit.
Additional value-add related improvements are noted in the materials. An additional approximately 600 SF, 1-bedroom/1-bath unit has been converted from a storage unit and includes washer/dryer hookups. Completion is described as roughly 75% complete, with the stated opportunity to create an 11th income-producing unit subject to completion.
From a tenant- or operator-fit perspective, the unit package is oriented around in-unit convenience, including laundry hookups, modern finishes, and tiled showers. The 2024 HVAC upgrade supports a uniform approach to climate control across the building. With 80% occupancy reported for the renovated units, this is positioned for buyers seeking a recently refreshed rental housing base and continued completion of the partially finished additional unit.
Key Highlights
- 10 renovated multifamily units with 80% occupancy, with potential for immediate lease‑up
- 2024 property‑wide installation of new energy‑efficient ductless mini‑split HVAC systems
- Each unit features washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated units with 2024 mini-split HVAC and washer/dryer hookups, plus 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 multifamily units with 80% occupancy, with potential for immediate lease‑up; 2024 property‑wide installation of new energy‑efficient ductless mini‑split HVAC systems; Each unit features washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers
