317 Gayland Drive, Clovis, NM 88101

Building Details

Year Built

1965

Listing office Town & Country Real Estate, Inc.

Listing date Jul 1, 2026

Source Crexi

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 Town & Country Real Estate, Inc.

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Overview

This four-plex (quadplex) features a well-maintained condition and is currently operated with long-term tenants. The property is offered for sale with a total building size of 3,249 square feet.

Located at 317 Gayland Drive in Clovis, New Mexico (88101), the asset presents as a straightforward residential income holding with four rental units under one roof.

The current rental rates are described as being below market, and the listing notes that rental rates could be adjusted to $750 per month. Seller-provided projections indicate that if rents are adjusted to $750, the cap rate would be 12%. For qualified buyers and investors, this makes the property a practical option for those seeking a manageable four-unit structure with stable tenant history and a clear, formula-based rent-adjustment scenario tied to the seller’s underwriting.

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Hair Salon Restaurant Gym & Fitness Center Building Supply Skin Care Clinic Dental Office Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Clovis

County

Curry

State

New Mexico

Longitude

-103.2252225

Latitude

34.4207589

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FAQs

What type of property is this?

Quadplex - Well-maintained four-unit income property with long-term tenants and the ability to adjust monthly rents.

Where is this quadplex located?

The property is located at 317 Gayland Drive Clovis, NM.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: Four‑unit (4‑plex) income property built in 1965; Long‑term tenants in place; Rents may be adjusted to $750/month to target a 12% cap rate