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60-Unit Apartment Development
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3069 Del Rey Boulevard, Las Cruces, NM 88012

Multifamily development with completed engineering and substantially advanced site work.

Property Size67,560 SF
Price / SF$34.04
Days on Market131

Property Features for 3069 Del Rey Boulevard

General Information

Standard status Active
Size 67,560 SF
Property subtype Multifamily

Building Details

Stories 3
Units 105
Listing Agency: NAI 1st Valley
Listed By: Jacob Slavec · License #NM 48002AB
Source: Crexi
Added: Apr 23 Changed: Aug 31 Last Checked: Aug 31 at 6:10AM

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 NAI 1st Valley

Investment Insights

Based on property information with market context.

This 60-unit apartment development is under construction on a 2.9-acre site at 3069 Del Rey Boulevard in Las Cruces, New Mexico. The project has completed engineering, and site work is substantially underway, providing a partially completed development for continued construction. The stated property size is 67,560 square feet. Located in the eastern portion of Las Cruces along Del Rey Boulevard, the property sits within a residential corridor. The development is offered for sale as an in-progress multifamily project, with completion and stabilization remaining as the next stages of the development process.

Key Highlights

  • 60‑unit apartment development currently under construction
  • 2.9‑acre multifamily development site
  • Engineering work completed

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Auto Repair Shop Big Box & Wholesale Store

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

379
Businesses Nearby

Demographics for 88012, NM

32,550
Population
12,704
Households
2.6
Avg Household Size
34
Median Age
35%
College-Educated
86%
High-School Grad
348.8 sq mi
ZIP Area
93
Density / Sq Mi
$66,988
Median Household Income
$40,670
Median Earnings
$1,210
Median Rent
$222,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily development with completed engineering and substantially advanced site work.
Where is this apartment building located?
The property is located at 3069 Del Rey Boulevard Las Cruces, NM.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 60‑unit apartment development currently under construction; 2.9‑acre multifamily development site; Engineering work completed
(575) 521-1535 Call to check price and availability
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