Duplex with Separate
For Sale
$139,000
701 Lava, Milan, NM 87021
ResidentialIncome, Milan, NM
Property Size1,922 SF
Lot Size0.38 Acres
Price / SF$72.32
Days on Market470
Property Features for 701 Lava
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1
Appliances
Refrigerator
Directions
Heading northwest on San Jose toward 3rd St. Turn right on 5th St. Turn left onto I-40/ W Sante Fe Ave/ U.S. Rte. 66. Turn left onto Milan St. Turn right onto Lava Ave. Sign on property.
Subdivision
390 - Cibola
Standard status
Active
APN
2058063110323
Size
1,922 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
584
Utilities
Heating system
Forced Air, Central
Amenities
swamp coolers
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
Frame, Stucco
Listing Agency:
Realty One of New Mexico
(505) 883-9400
Listed By:
Anna T Carabajal · License #50510
(505) 250-0028
Added: May 20, 2025
Changed: Aug 19
Last Checked: Sep 1 at 8:06PM
MLS# 1084438
Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,922 square feet across two separate residences. One unit has three bedrooms and two bathrooms, while the other includes two bedrooms and one bathroom. Both homes are occupied by long-term renters and feature separate electric and gas metering. Interior finishes include tile and carpet, with forced-air and central heating listed among the systems. Swamp coolers provide cooling, and the frame-and-stucco construction is covered by a metal roof.
The property occupies 0.38 acres in Milan, New Mexico. Its lot includes space for parking a manufactured home, offering the stated possibility of adding another income-producing unit. A refrigerator is included among the listed appliances, and the home was built in 1977.
The property occupies 0.38 acres in Milan, New Mexico. Its lot includes space for parking a manufactured home, offering the stated possibility of adding another income-producing unit. A refrigerator is included among the listed appliances, and the home was built in 1977.
Key Highlights
- Two‑unit property totaling 1,922 square feet
- Unit mix includes 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom
- Both units have long‑term renters in place
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 87021, NM
2,811
Population
1,284
Households
2.2
Avg Household Size
37
Median Age
8%
College-Educated
80%
High-School Grad
10.0 sq mi
ZIP Area
281
Density / Sq Mi
$39,041
Median Household Income
$33,270
Median Earnings
$832
Median Rent
$131,500
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 - Two occupied residences offer distinct layouts, individual meters, and additional lot area for a manufactured home.
Where is this duplex located?
The property is located at 701 Lava Milan, NM.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two‑unit property totaling 1,922 square feet; Unit mix includes 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom; Both units have long‑term renters in place
