Building Details

Year Built 1980

Buildings 4

Listing Agency: REMAX First Place Realtors Roswell

Listed By: Wendie Marley · License #REC-2022-1232 Show Phone

Source: Compass

Added: Sep 4 Changed: Oct 25 Last Checked: Oct 25 at 2:47AM

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Investment Insights

Based on property information with market context.

The property comprises six residences in two duplex buildings and two detached homes. Five units have been renovated, with work including flooring, bathrooms, cabinetry, electrical and lighting updates, and fascia improvements. Vaulted ceilings are among the interior features. One residence remains to be renovated, and the property was built in 1980.

A dedicated parking area serves the residences. The rentals have an established history, with some residents occupying their homes for more than a decade.

Key Highlights

• Six residences arranged in two duplexes and two detached homes
• Five of the six units have been renovated; one remains to be updated
• Renovation work includes flooring, bathrooms, cabinetry, electrical, lighting, and fascia

Property Analytics

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 88230, NM

4,658

Population

1,869

Households

2.5

Avg Household Size

36

Median Age

10%

College-Educated

68%

High-School Grad

285.7 sq mi

ZIP Area

16

Density / Sq Mi

$42,894

Median Household Income

$27,332

Median Earnings

$763

Median Rent

$96,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Five residences have received substantial updates, while one unit remains available for renovation.

Where is this multifamily property located?

The property is located at 501 4th Street Unit AE Dexter, NM.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Six residences arranged in two duplexes and two detached homes; Five of the six units have been renovated; one remains to be updated; Renovation work includes flooring, bathrooms, cabinetry, electrical, lighting, and fascia