Portales Multifamily Investment
For Sale
$450,000
501 S Avenue G, Portales, NM 88130
Three duplexes near ENMU campus, fully remodeled and occupied.
Property Size4,872 SF
Price / SF$92.36
Days on Market150
Property Features for 501 S Avenue G
General Information
Standard status
Active
Size
4,872 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,734
Listing Agency:
NAI SunVista Commercial RE
(505) 504-8883
Listed By:
Luke Scarpa · License #REC-2023-0302
(505) 504-8883
Source:
Exprealty
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 22 at 2:51PM
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 Commercial RE
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
