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12-Unit Condominium Apartment Building
For Sale
$1,550,000
Pending

820 Mormon Place, Las Cruces, NM 88011

For sale 12 well-maintained 2-bedroom, 1.5-bath condominiums with resident and guest parking.

Property SizeContact for details
Days on Market82

Property Features for 820 Mormon Place

General Information

Standard status Pending

Additional Details

Highway Access Yes
Multifamily Units 12

Amenities

41 to 50 Years
Pending Continue to Show
No
Average
Carpet, Ceramic Tile
Evaporative Cooling
Forced Air
Unknown, Public Sewer
Natural Gas Available, Electricity Available
Parking Pad
.25 to .50 AC
15682
Public Records
Frame
Listing Agency: Volare Realty Group LLC
Listed By: Ron Bruder · License #LCN2824
Source: Homesforsaleinlascruces.idxbroker
Added: Jun 7 Changed: Aug 23 Last Checked: Aug 26 at 5:28AM

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 Volare Realty Group LLC

Investment Insights

Based on property information with market context.

This property for sale consists of 12 well-maintained condominiums. Each unit is configured with 2 bedrooms and 1.5 bathrooms. The community also offers resident and guest parking, supporting everyday convenience for tenants and visitors.

Located in Las Cruces, NM, the community is described as being just minutes from a mall, supermarkets, and popular shopping destinations. It also provides quick access to I-25, which can be appealing for commuters seeking an easy route to and from the area.

Key Highlights

  • Investment property with 12 well‑maintained condominiums
  • Each unit features 2 bedrooms and 1.5 bathrooms
  • Includes ample resident and guest parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Electrical Service Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,007
Businesses Nearby

Demographics for 88011, NM

32,885
Population
15,160
Households
2.2
Avg Household Size
43
Median Age
55%
College-Educated
95%
High-School Grad
251.7 sq mi
ZIP Area
131
Density / Sq Mi
$75,139
Median Household Income
$43,093
Median Earnings
$1,053
Median Rent
$315,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - For sale 12 well-maintained 2-bedroom, 1.5-bath condominiums with resident and guest parking.
Where is this apartment building located?
The property is located at 820 Mormon Place Las Cruces, NM.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Investment property with 12 well‑maintained condominiums; Each unit features 2 bedrooms and 1.5 bathrooms; Includes ample resident and guest parking
More about this property
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