Two Homes on 1.77
For Sale
Contact for pricing
825 E Santa Fe Street, Hobbs, NM 88240
Two residences with potential for rental income and future development.
Property Size1,260 SF
Lot Size1.77 Acres
Price / SF$237.30
Days on Market79
Property Features for 825 E Santa Fe Street
General Information
Standard status
Active
Size
1,260 SF
Lot size
1.77 Acres
Property subtype
Multifamily
Building Details
Year Built
1970
Units
2
Listing Agency:
CORE Realty Group
(575) 433-7000
Listed By:
Kali Brown · License #20308
Source:
Crexi
Added: May 25
Changed: Aug 8
Last Checked: Aug 8 at 7:24AM
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 CORE Realty Group
Investment Insights
Based on property information with market context.
This 1.77-acre property features two residences: a site-built home and a manufactured home, presenting an investment opportunity with potential for rental income or multi-generational living. The site-built home includes 2 bedrooms, 1 bathroom, and approximately 1,260 sqft of living space, along with a fenced yard. The manufactured home provides 3 bedrooms and 2 bathrooms. The property also offers space for up to 6 potential RV sites, allowing for future development or investment use.
Key Highlights
- 1.77 acre property with two residences: a site‑built home and a manufactured home.
- Excellent potential for rental income from multiple sources.
- Ideal for multi‑generational living or owner occupancy with rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
Demographics for 88240, NM
42,386
Population
16,490
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
76%
High-School Grad
600.2 sq mi
ZIP Area
71
Density / Sq Mi
$65,394
Median Household Income
$37,178
Median Earnings
$1,124
Median Rent
$177,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences with potential for rental income and future development.
Where is this multifamily property located?
The property is located at 825 E Santa Fe Street Hobbs, NM.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1.77 acre property with two residences: a site‑built home and a manufactured home.; Excellent potential for rental income from multiple sources.; Ideal for multi‑generational living or owner occupancy with rental income.
