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5-Unit Victorian Apartment Building

814 Fifth St, Las Vegas, NM 87701

For Sale
$398,000

Five occupied apartments span two buildings, with shared laundry, private laundry, decks, and off-street parking.

Property Size3,600 SF
Lot Size0.16 Acres
Price / SF$110.56
Days on Market41

Property Features for 814 Fifth St

General Information

Standard status Active
Size 3,600 SF
Lot size 0.16 Acres
Property subtype Multi Family Home
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 2 x 2BR/1BA, 1 x 1BR/2BA + office
Multifamily Units 5

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,828

Amenities

covered porch
pocket doors
built-ins
original-style wood floors
shared laundry room
private laundry area
storage underneath
wooden decks
on-demand hot water
Ceiling Fan(s)
Patio Covered

Building Details

Building Size 3,600 SF
Year Built 1900
Buildings 2
Units 5
Construction Victorian
Listing Agency: Pueblo Del Sol
Listed By: Reina A Fernandez · License NM #50882
Source: Bigcountryrealty
Added: Oct 1 Changed: Nov 10 Last Checked: Nov 9 at 3:06PM

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 Pueblo Del Sol

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Investment Insights

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The 1900 Victorian residence has been reconfigured as three apartments, complemented by a separate two-unit building at the rear. The mix includes two one-bedroom, one-bath apartments, one one-bedroom, two-bath apartment with an office and private basement laundry, and two additional apartments with one and two bedrooms, each with one bath. The rear building has storage below and wooden decks. Shared laundry serves the other four apartments. Historic details include a covered porch, pocket doors, built-ins, and wood floors. Improvements include a replacement water line in each building, recent exterior paint, and on-demand hot water. The property occupies a 0.16-acre lot, and all five apartments are rented.

Across from Carnegie Library and a park, the property is near New Mexico Highlands University, restaurants, shops, and the local farmers’ market.

Key Highlights

  • Five apartments across two buildings on a 0.16‑acre lot
  • Main residence contains three apartments; separate rear building has two
  • Unit mix: two 1‑bedroom/1‑bath, one 1‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and one 2‑bedroom/1‑bath

Property Analytics

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Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

878
Businesses Nearby

Demographics for 87701, NM

18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five occupied apartments span two buildings, with shared laundry, private laundry, decks, and off-street parking.
Where is this apartment building located?
The property is located at 814 Fifth St Las Vegas, NM.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Five apartments across two buildings on a 0.16‑acre lot; Main residence contains three apartments; separate rear building has two; Unit mix: two 1‑bedroom/1‑bath, one 1‑bedroom/2‑bath, one 2‑bedroom/1‑bath, and one 2‑bedroom/1‑bath
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