60-Unit Apartment
For Sale
$2,300,000
3609 Del Rey Blvd, Las Cruces, NM 88012
Permitted construction is active, with engineering complete and substantial site work already finished.
Property Size67,560 SF
Lot Size2.90 Acres
Price / SF$34.04
Days on Market183
Property Features for 3609 Del Rey Blvd
General Information
Standard status
Active
Size
67,560 SF
Total Parking Spaces
105
Lot size
2.90 Acres
Property subtype
Multifamily
Zoning
R-4
Additional Details
Road Access
Yes
Multifamily Units
60
Amenities
105 Parking Spaces
Listing Agency:
NAI 1st Valley Realty
(575) 644-8529
Listed By:
Jacob Slavec · License #6572
(575) 644-8529
Source:
Carnm.resimplifi
Added: Mar 1
Changed: Aug 29
Last Checked: Aug 30 at 1:56PM
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 Realty
Investment Insights
Based on property information with market context.
This 60-unit apartment development is under construction on 2.9 acres at 3609 Del Rey Blvd in Las Cruces, New Mexico. The planned residential project contains approximately 67,560 square feet and includes one- and two-bedroom apartments. Construction progress includes grading, infrastructure preparation, and poured concrete slab foundations for the residential buildings.
The property is fully entitled and permitted, with engineering completed and active work underway. Zoned R-4, the site occupies a residential corridor in the eastern portion of Las Cruces. Existing progress provides a partially completed development platform for continued construction and project completion.
The property is fully entitled and permitted, with engineering completed and active work underway. Zoned R-4, the site occupies a residential corridor in the eastern portion of Las Cruces. Existing progress provides a partially completed development platform for continued construction and project completion.
Key Highlights
- 60 apartment units totaling approximately 67,560 square feet
- 2.9‑acre development site at 3609 Del Rey Blvd
- Fully entitled and permitted with construction in progress
Property Analytics
Current Use
Lease Details
60
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Permitted construction is active, with engineering complete and substantial site work already finished.
Where is this apartment building located?
The property is located at 3609 Del Rey Blvd 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 apartment units totaling approximately 67,560 square feet; 2.9‑acre development site at 3609 Del Rey Blvd; Fully entitled and permitted with construction in progress
