Portales Multifamily Investment
For Sale
$450,000
501 S Avenue G, Portales, NM 88130
Three duplexes near ENMU campus, fully remodeled and occupied.
Property Size6,300 SF
Price / SF$71.43
Days on Market263
Property Features for 501 S Avenue G
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Multifamily
Zoning
R-2
Building Details
Year Built
1977
Listing Agency:
NAI SunVista
Listed By:
Luke Scarpa · License #REC-2023-0302
(505) 504-8883
Source:
Carnm.resimplifi
Added: Feb 2
Changed: Oct 9
Last Checked: Oct 20 at 5:06PM
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 SunVista
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Investment Insights
Based on property information with market context.
This multifamily property features three duplexes situated on a single lot. Each unit offers a layout of two bedrooms and one bathroom. The property is located less than half a mile from the Eastern New Mexico University (ENMU) campus. As of February 2026, the property is 100% occupied. The acquisition cap rate is 6.77%. The property has demonstrated strong historical student occupancy. Complete remodeling was performed within the last five years. The property size is 6,300 square feet.
Key Highlights
- Acquisition Cap Rate: 6.77%
- 100% Occupied as of February 2026
- Less than 1/2 mile from ENMU Campus
Property Analytics
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Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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Business Placement
Demographics for 88130, NM
18,027
Population
7,985
Households
2.3
Avg Household Size
31
Median Age
22%
College-Educated
86%
High-School Grad
632.1 sq mi
ZIP Area
29
Density / Sq Mi
$52,420
Median Household Income
$29,958
Median Earnings
$865
Median Rent
$136,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Three duplexes near ENMU campus, fully remodeled and occupied.
Where is this duplex located?
The property is located at 501 S Avenue G Portales, NM.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Acquisition Cap Rate: 6.77%; 100% Occupied as of February 2026; Less than 1/2 mile from ENMU Campus
