5-Unit Multifamily
For Sale
Contact for pricing
Pending
3 Menges Ln, Glenwood, NM 88039
The property combines manufactured and site-built residences with both month-to-month and short-term rental arrangements.
Property SizeContact for details
Days on Market144
Property Features for 3 Menges Ln
General Information
Standard status
Pending
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
1 Unit Needs to Be Repaired Prior to Renting
Additional Details
Multifamily Units
5
Listing Agency:
Action Realty, LLC.
(575) 574-2570
Listed By:
Dale Spurgeon · License #NM 14668
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 8:36AM
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 Action Realty, LLC.
Investment Insights
Based on property information with market context.
This multifamily property includes five residential units: three manufactured homes and two site-built units. Two residences are occupied under month-to-month arrangements, while two are operated as short-term rentals. One additional unit requires repairs before it can be rented. A garage and shop are leased together with Unit 5.
The site includes sections of wood privacy fencing and chain-link yard fencing. Located at 3 Menges Lane in Glenwood, New Mexico, the property offers a combination of residential structures and accessory space within one income-producing asset.
The site includes sections of wood privacy fencing and chain-link yard fencing. Located at 3 Menges Lane in Glenwood, New Mexico, the property offers a combination of residential structures and accessory space within one income-producing asset.
Key Highlights
- Five residential units, including three manufactured homes and two site‑built units
- Two units rented month to month
- Two units used for short‑term rentals
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 88039, NM
402
Population
533
Households
0.8
Avg Household Size
63
Median Age
31%
College-Educated
94%
High-School Grad
823.0 sq mi
ZIP Area
$29,675
Median Household Income
$27,575
Median Earnings
$663
Median Rent
$161,600
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?
Multifamily property - The property combines manufactured and site-built residences with both month-to-month and short-term rental arrangements.
Where is this multifamily property located?
The property is located at 3 Menges Ln Glenwood, NM.
What are key features of this property?
This property features: Five residential units, including three manufactured homes and two site‑built units; Two units rented month to month; Two units used for short‑term rentals
