501 S Avenue G Portales, NM 88130

Building Details

Year Built

1977

Listing office NAI Sun Vista Show Phone

Listing date Mar 2, 2026

Source Crexi

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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

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FAQs

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