Duplex with Attached
955 Executive Place Las Cruces, NM 88011
955 Executive Place, Las Cruces, NM, 88011
$275,000
Pending
For Sale
$275,000
Pending
MULTI_FAMILY - Las Cruces, NM
Property Size1,944 SF
Lot Size0.18 Acres
Days on Market21
Property Features for 955 Executive Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
- Parking features
- Garage
- Appliances
- Dishwasher, Refrigerator
- Standard status
- Pending
- APN
- 4-010-135-070-165
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- Lot #24 Block 12 Majestic Hills
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1981
- Number of units
- 2
- Building materials
- Slump Block
- Roof type
- Built-Up
Listing Agency
BHGRE Steinborn & Associates
(575) 522-3698
141 N. Roadrunner Parkway Ste 141, Las Cruces, NM
Listed by
Tobe Turpen
(575) 621-1462
Added: Jun 30 Updated: Jul 17 at 10:02 pm Checked: Jul 20 at 2:06 pm
MLS# 2602091
Listing URL
Copyright © 2026 Las Cruces Association of REALTORS®. 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 well-maintained duplex includes two spacious residential units. Each unit is described as approximately 972 square feet and features 2 bedrooms and 2 bathrooms, refrigerated air, and a private backyard area. Both units also have an attached single-car garage. Additional exterior improvements mentioned include a newer roof coating.
The property is located in the Telshor area of Las Cruces, near medical facilities, New Mexico State University, schools, shopping, and restaurants, with easy access to major roadways.
Set on a small lot sized at approximately 0.18 acres, the duplex offers a straightforward two-unit configuration designed for consistent day-to-day residential use.
The property is located in the Telshor area of Las Cruces, near medical facilities, New Mexico State University, schools, shopping, and restaurants, with easy access to major roadways.
Set on a small lot sized at approximately 0.18 acres, the duplex offers a straightforward two-unit configuration designed for consistent day-to-day residential use.
Key Highlights
- Well‑maintained duplex with two units in the Telshor area
- Each unit offers 2 bedrooms and 2 bathrooms with approximately 972 SF per unit
- Central air (refrigerated air) in each unit plus electric heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.8k | $10.20 |
| − Vacancy | −$1.1k | −$0.56 |
| EGI | $18.7k | $9.64 |
| − OpEx | −$5.6k | −$2.89 |
| NOI | $13.1k | $6.75 |
1,944 SF · lease $10.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$187.4K
$164.0K – $218.6K
NOI $13,117 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$168.5K
$147.5K – $196.6K
NOI $11,798 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$340.2K
$297.7K – $396.9K
NOI $23,813 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex offering two residential units with refrigerated air, private backyard space, and attached single-car garages.
Where is this duplex located?
The property is located at 955 Executive Place Las Cruces, NM.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Well‑maintained duplex with two units in the Telshor area; Each unit offers 2 bedrooms and 2 bathrooms with approximately 972 SF per unit; Central air (refrigerated air) in each unit plus electric heating
