Search
Multifamily Property with Rental House
For Sale
Contact for pricing

202 West Madrid, Las Cruces, NM 88001

Apartment community offers one- and two-bedroom units plus a separate house for additional rental use.

Property SizeContact for details
Days on Market145

Property Features for 202 West Madrid

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Steinborn Commercial Real Estate
Listed By: Bill Shattuck · License #NM 18460 DR
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 1:55AM

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 Steinborn Commercial Real Estate

Investment Insights

Based on property information with market context.

This multifamily property includes a combination of one-bedroom and two-bedroom apartments, along with a house positioned behind the main complex. The additional residence provides a separate rental component within the property.

The property is located at 202 West Madrid in Las Cruces, near downtown. Retail shops and restaurants are within walking distance, placing everyday commercial amenities close to the apartments.

Key Highlights

  • One- and two‑bedroom apartment units
  • Separate house located behind the apartment complex
  • Additional residence can be rented separately

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Electrical Service Building Supply Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

547
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Multifamily property - Apartment community offers one- and two-bedroom units plus a separate house for additional rental use.
Where is this multifamily property located?
The property is located at 202 West Madrid Las Cruces, NM.
What are key features of this property?
This property features: One- and two‑bedroom apartment units; Separate house located behind the apartment complex; Additional residence can be rented separately
(575) 521-1535 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message