21-Unit Apartment
New
For Sale
$1,700,000
2510/2530 S Espina St, Las Cruces, NM 88001
A mix of studio and larger apartments is arranged around landscaped courtyards on R-3-zoned land.
Property Size63,162 SF
Lot Size1.44 Acres
Price / SF$26.91
Days on Market2
Property Features for 2510/2530 S Espina St
General Information
Standard status
Active
Size
63,162 SF
Lot size
1.44 Acres
Property subtype
Multi-Family
Zoning
R-3
Financials
Asking Price
$1,700,000
Cap Rate
6.08%
Average Monthly Rent
$689
Additional Details
Multifamily Units
21
Amenities
secure storage
landscaped courtyards
solar panels
drip irrigation
exterior lighting
Building Details
Year Built
1900
Listing Agency:
RE/MAX Classic Realty
Listed By:
Kayla Fikany
(575) 915-2461
Source:
Zrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:07AM
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 RE/MAX Classic Realty
Investment Insights
Based on property information with market context.
This 21-unit apartment property includes studio, one-bedroom, and larger residences across two addresses. Interior details include hardwood flooring and plaster walls, while landscaped courtyards provide shared outdoor space. Improvements include a roof installed in 2021, solar panels, drip irrigation, exterior lighting, and updated fixtures. Secure storage and parking are also part of the property.
The site is two blocks from NMSU and near University Avenue dining, healthcare services, and major employers. The property occupies approximately 1.44 acres and carries R-3 zoning. Its unit mix, courtyard layout, and range of building and site improvements define the offering.
The site is two blocks from NMSU and near University Avenue dining, healthcare services, and major employers. The property occupies approximately 1.44 acres and carries R-3 zoning. Its unit mix, courtyard layout, and range of building and site improvements define the offering.
Key Highlights
- 21 apartment units, including studios, one‑bedroom apartments, and larger units
- Approximately 1.44 acres with R‑3 zoning
- Roof installed in 2021, solar panels, and updated fixtures
Property Analytics
Current Use
Lease Details
21
Residential units
Location Intelligence
Trade Area within ½ mile
716
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
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 - A mix of studio and larger apartments is arranged around landscaped courtyards on R-3-zoned land.
Where is this apartment building located?
The property is located at 2510/2530 S Espina St Las Cruces, NM.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 21 apartment units, including studios, one‑bedroom apartments, and larger units; Approximately 1.44 acres with R‑3 zoning; Roof installed in 2021, solar panels, and updated fixtures
