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    Hobbs, NM
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    Hobbs, NM Multifamily Properties for Sale

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    Seminole, TX Monument, NM Eunice, NM Lovington, NM Denver City, TX
    12-Unit Apartment Community
    Updated: Jul 19, 2024
    12-Unit Apartment Community

    2315 N Jefferson Street, Hobbs, NM 88240

    Contact for pricing
    12‑unit apartment community built in 1979 in Hobbs, NM, positioned near major employers and retail opportunities.
    Current average rents are $594/month based on an ask price of $840,000.
    Investment performance metrics include 9.82 GRM and 6.88% cap rate (before reserves, before tax).
    IRR figures reported: 20.4% before tax and 16.6% after tax (based on the provided ask price and rents).
    Renovation/rehabilitation financing noted through the Ventana Fund, with a base interest rate of 5.35% (per provided terms).
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 78 Potential Opportunities for your consideration. Besides 1 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Occupied Quadplex with Fireplaces
    Occupied Quadplex with Fireplaces

    406 SE 6th St, Andrews, TX 79714

    $299,500
    3,552 sqft 0.26 AC lot

    Four-unit property with central air, washer/dryer connections, and select dishwashers.

    View details
    Quadplex with Central HVAC
    Quadplex with Central HVAC

    404 SE 6th St, Andrews, TX 79714

    $299,500
    3,552 sqft 0.26 AC lot

    Four-unit property with fireplaces, laundry connections, and individually heated water systems.

    View details
    Mobile Home and RV Park
    Mobile Home and RV Park

    213 AVENUE J E, Lovington, NM 88260

    $850,000
    1.47 AC lot

    Fully occupied property combining mobile home and recreational vehicle accommodations.

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    Lovington RV Park with Expansion
    Lovington RV Park with Expansion

    103 S 17TH ST, Lovington, NM 88260

    $1,900,000
    5.00 AC lot

    Turn-key RV park with expansion potential in Lovington, NM.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Seminole, TX
    Residential Land in Seminole, TX

    800 NW 2nd St, Seminole, TX 79360

    $75,000
    0.26 AC lot

    Two lots with mobile home utilities in Seminole, Texas.

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    Land in Avalon Estates, Seminole
    Land in Avalon Estates, Seminole

    County Rd 100 lot: 10, Seminole, TX 79360

    $80,000
    3.26 AC lot

    Residential land for sale in a quiet country setting.

    View details

    Off-Market Properties in Hobbs, NM

    Consider similar Off-Market properties in Hobbs, NM. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    207 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    207 Townsend Pl, Hobbs, NM 88240-9541

    Estimated value:
    $125,000
    4 sqft
    View details
    921 Copper Ave
    MOBILE HOME PARK, TRAILER PARK

    921 Copper Ave, Hobbs, NM 88240-1748

    Estimated value:
    $295,000
    1,268 sqft
    View details
    6824 Country Rd
    MOBILE HOME PARK, TRAILER PARK

    6824 Country Rd, Hobbs, NM 88242-0823

    Estimated value: by Request
    View details
    924 Coal Ave
    MOBILE HOME PARK, TRAILER PARK

    924 Coal Ave, Hobbs, NM 88240-1717

    Estimated value:
    $295,000
    1,252 sqft
    View details
    200 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    200 Townsend Pl, Hobbs, NM 88240-9549

    Estimated value: by Request
    View details
    228 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    228 Townsend Pl, Hobbs, NM 88240-9549

    Estimated value: by Request
    View details
    115 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    115 Townsend Pl, Hobbs, NM 88240-9526

    Estimated value: by Request
    View details
    1407 Bender Blvd
    MOBILE HOME PARK, TRAILER PARK

    1407 Bender Blvd, Hobbs, NM 88240-9232

    Estimated value:
    $245,000
    1.00 AC lot
    View details
    227 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    227 Townsend Pl, Hobbs, NM 88240-9541

    Estimated value: by Request
    View details
    Hobbs, NM 88240
    MOBILE HOME PARK, TRAILER PARK

    Hobbs, NM 88240

    Estimated value:
    $205,000
    728 sqft
    View details
    709 Iron Ave
    MOBILE HOME PARK, TRAILER PARK

    709 Iron Ave, Hobbs, NM 88240-1850

    Estimated value:
    $295,000
    1,226 sqft
    View details
    203 Taos St Trlr, Unit 1
    MOBILE HOME PARK, TRAILER PARK

    203 Taos St Trlr, Hobbs, NM 88240-1243

    Unit 1
    Estimated value:
    $230,000
    1,120 sqft 0.03 AC lot
    View details
    551 Campbell St
    MOBILE HOME PARK, TRAILER PARK

    551 Campbell St, Hobbs, NM 88240-9415

    Estimated value:
    $310,000
    1,456 sqft
    View details
    217 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    217 Townsend Pl, Hobbs, NM 88240-9541

    Estimated value: by Request
    View details
    2315 Jefferson St
    Multifamily properties

    2315 Jefferson St, Hobbs, NM 88240

    Estimated value: by Request
    View details
    2315 Jefferson St
    Multifamily properties

    2315 Jefferson St, Hobbs, NM 88240

    Estimated value: by Request
    6,330 sqft 0.45 AC lot
    View details
    1307 Snyder St
    Multifamily properties

    1307 Snyder St, Hobbs, NM 88240

    Estimated value: by Request
    2.89 AC lot
    View details
    216 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    216 Victoria Ln, Hobbs, NM 88240-7650

    Estimated value:
    $215,000
    896 sqft
    View details
    110 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    110 Victoria Ln, Hobbs, NM 88240-7647

    Estimated value:
    $215,000
    896 sqft
    View details
    211 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    211 Victoria Ln, Hobbs, NM 88240-7652

    Estimated value:
    $215,000
    896 sqft
    View details
    220 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    220 Victoria Ln, Hobbs, NM 88240-7650

    Estimated value:
    $230,000
    1,080 sqft
    View details
    218 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    218 Victoria Ln, Hobbs, NM 88240-7650

    Estimated value:
    $215,000
    896 sqft
    View details
    119 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    119 Victoria Ln, Hobbs, NM 88240-7646

    Estimated value:
    $240,000
    1,216 sqft
    View details

    Hobbs, NM Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Hobbs, NM on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 50K
    Population Growth (5Y) +4.5%
    Median Household Income $69,020
    College Educated 12.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $10.31 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

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