Two-Unit
For Sale
$295,000
Pending
705 Cactus, Las Cruces, NM 88001
Each residence includes three bedrooms and two bathrooms, with occupants responsible for all utilities.
Property Size2,172 SF
Days on Market93
Property Features for 705 Cactus
General Information
Standard status
Pending
Size
2,172 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,175
Building Details
Year Built
2003
Listing Agency:
RE/MAX Classic Realty
Listed By:
Kayla Fikany
(575) 915-2461
Source:
Zrealestate
Added: Jul 16
Changed: Oct 15
Last Checked: Oct 14 at 11:42PM
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 RE/MAX Classic Realty
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Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains two residential units totaling 2,172 square feet. Each unit is configured with three bedrooms and two bathrooms, providing a consistent layout across the property.
Residents currently pay all utilities. The seller also owns the adjacent duplex, which is separately available for sale, allowing consideration of both properties together.
Residents currently pay all utilities. The seller also owns the adjacent duplex, which is separately available for sale, allowing consideration of both properties together.
Key Highlights
- Two residential units totaling 2,172 square feet
- Each unit features 3 bedrooms and 2 bathrooms
- Constructed in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,655
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,100
$293.1K
Cap Rate 7%
$209,357
$209.4K
Cap Rate 9%
$162,833
$162.8K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$22.2K $10.20/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$20.9K $9.64/SF
− OpEx
−$6.3K −$2.89/SF
NOI
$14.7K $6.75/SF
Area
Las Cruces, NM
Vacancy
5.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,100
Cap Rate 7%
$209,357
Cap Rate 9%
$162,833
Alternative Uses
Best Use
Multifamily LT 5
$209.4K
$183.2K – $244.3K
NOI $14,655 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$188.3K
$164.8K – $219.7K
NOI $13,182 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$380.1K
$332.6K – $443.4K
NOI $26,606 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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Business Placement
Demographics for 88001, NM
36,831
Population
16,985
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
83%
High-School Grad
11.1 sq mi
ZIP Area
3,318
Density / Sq Mi
$32,978
Median Household Income
$23,195
Median Earnings
$797
Median Rent
$158,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms and two bathrooms, with occupants responsible for all utilities.
Where is this duplex located?
The property is located at 705 Cactus Las Cruces, NM.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two residential units totaling 2,172 square feet; Each unit features 3 bedrooms and 2 bathrooms; Constructed in 2003
