As-Is Duplex with Two
342 E May Avenue Las Cruces, NM 88001
342 E May Avenue, Las Cruces, NM, 88001
$130,000
Pending
For Sale
$130,000
Pending
MULTI_FAMILY - Las Cruces, NM
Property Size1,613 SF
Lot Size0.07 Acres
Days on Market217
Property Features for 342 E May Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- On Street
- Appliances
- Range
- Standard status
- Pending
- APN
- 4-007-135-324-233
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Description
- Original Townsite Lot: PT OF Block: 49 S: 18 T: 23S R: 2E INSTRUMENT 2316482
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Evaporative Cooling
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Adobe, Stucco, Frame
- Roof type
- Flat
Listing Agency
BHGRE Steinborn & Associates
(575) 522-3698
141 N. Roadrunner Parkway Ste 141, Las Cruces, NM
Listed by
Ron Bruder
(575) 312-7330
Added: Dec 15, 2025 Updated: Jul 17 at 10:02 pm Checked: Jul 20 at 1:06 pm
MLS# 2503820
Listing URL
Copyright © 2026 Las Cruces Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is an as-is handyman special duplex in Las Cruces, offered for sale with two separate units. The first unit is a one-bedroom, one-bath layout measuring 404 square feet and described as being in decent condition. The second unit is a two-bedroom, two-bath configuration totaling 1,209 square feet and is noted as needing work and fixtures.
The property is being marketed as mixed-use zoning. The lot size is listed at 0.07 acres, and the address is 342 E May Avenue, Las Cruces, NM 88001.
Interested parties should plan for inspection and confirm scope of needed repairs, particularly for the two-bedroom unit that is described as requiring updates and fixtures.
The property is being marketed as mixed-use zoning. The lot size is listed at 0.07 acres, and the address is 342 E May Avenue, Las Cruces, NM 88001.
Interested parties should plan for inspection and confirm scope of needed repairs, particularly for the two-bedroom unit that is described as requiring updates and fixtures.
Key Highlights
- Duplex handyman special sold as‑is
- One 1‑bedroom/1‑bath unit with 404 SF
- One 2‑bedroom/2‑bath unit with 1,209 SF in need of work and fixtures
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.5k | $10.20 |
| − Vacancy | −$905 | −$0.56 |
| EGI | $15.5k | $9.64 |
| − OpEx | −$4.7k | −$2.89 |
| NOI | $10.9k | $6.75 |
1,613 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$155.5K
$136.0K – $181.4K
NOI $10,883 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$139.8K
$122.4K – $163.2K
NOI $9,789 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex for sale in Las Cruces offered as-is, with one unit in decent condition and another requiring work and fixtures.
Where is this duplex located?
The property is located at 342 E May Avenue Las Cruces, NM.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Duplex handyman special sold as‑is; One 1‑bedroom/1‑bath unit with 404 SF; One 2‑bedroom/2‑bath unit with 1,209 SF in need of work and fixtures
