Las Cruces, NM Multifamily Properties for Sale

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Mesilla, NM La Mesa, NM Dona Ana, NM Mesquite, NM Vado, NM Radium Springs, NM Berino, NM Anthony, NM

10 properties

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Updated: Jun 8

Luxury Brand-New Fourplex

1323 Mission Nuevo Drive, Las Cruces, NM 88011

$1,300,000

0.26 AC lot

Brand‑new construction fourplex (Year built 2026) in Mission Nuevo area
Four identical units with 1,742 heated SF each, two‑story layouts
Each unit has 4 bedrooms and 2.5 bathrooms with modern gourmet kitchens and new appliances
Each unit includes central air with refrigerated A/C, plus indoor washer/dryer hookups
Attached double‑car garage per unit and individually metered utilities

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Updated: Apr 2

Las Cruces Multifamily Investment Property

311 Hurt Road, Las Cruces, NM 88007

$800,000

2.71 AC lot

5 income‑producing units on 2.71 acres offer a steady revenue stream
Fully secured property with rock wall perimeter and single entrance/exit
Duplex units feature open floor plans, kitchen appliances, washer/dryer, patio, and backyard porch
Solar panels provide energy efficiency
Tenants responsible for all utilities (electric, water, cable, gas)

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Fully Renovated 10-Unit Apartment Building

1630 Wyoming Avenue, Las Cruces, NM 88001

$1,295,000

0.43 AC lot

Turnkey 10-unit complex with renovated interiors and recent exterior and systems updates.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Mixed-Use Property with Residential Units

4001 W Picacho Avenue, Las Cruces, NM 88007

$450,000

0.22 AC lot

Multi-tenant property with commercial and residential spaces, parking, courtyard.

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Residential Income Duplex Property

306 S San Pedro Street, Las Cruces, NM 88001

$242,000

0.12 AC lot

Two income-producing homes in the Mesquite Historic District with separate yards, storage, and natural gas heating.

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Three-Unit Residential Income Property

439 N Alameda Boulevard, Las Cruces, NM 88005

$275,000

0.21 AC lot

Triplex with three-bedroom main home plus one- and two-bedroom back units, each with designated parking and mini-split A/C.

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3BR/2BA Duplex Income Property

705 Cactus, Las Cruces, NM 88001

$295,000

0.17 AC lot

Duplex with two units, each offering three bedrooms and two bathrooms and separate utility responsibility for tenants.

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Roadrunner Parkway Multifamily Development Site

Roadrunner Pkwy, Las Cruces, NM 88012

$1,045,000

Development site suitable for assisted living or apartments.

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3BR/2BA Duplex Investment

1362 Santa Fe, Las Cruces, NM 88001

$295,000

0.17 AC lot

Duplex for sale with two 3-bedroom, 2-bath units, each separately rented and tenant-paid utilities.

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Eight-Unit Multifamily Property

809 W Van Patten Avenue, Las Cruces, NM 88005

$315,000

0.57 AC lot

Six rear apartment units plus a detached home and studio at the front, with ample on-site parking and a renovated vacant unit.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Las Cruces, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads, plus 4 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.

Eight-Unit Income Multifamily Property

925 Vinton Avenue, Canutillo, TX 79835

$1,500,000

2,604 sqft 3.90 AC lot

Eight-unit multifamily with 3.9 acres and detached garage, currently producing about $93,000 gross annual rent.

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Three-Unit Residential Income Property

7080 Second Street, Canutillo, TX 79835

$140,000

1,800 sqft 0.10 AC lot

Three separate units with private entrances and dedicated parking, offered as an as-is fixer-upper for income or multigenerational living.

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New Duplex with Large Lot

1325 Nambi Desert Drive, Chaparral, NM 88081

$635,000

2,100 sqft 1.30 AC lot

New duplex on large lot with metal building.

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Mobile Home Park Investment Opportunity

101 Calle Del Norte, Chaparral, NM

$650,000

3.11 AC lot

Mobile home park with income and expansion potential in Otero County.

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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.

Land in Las Cruces, NM

7563 El Centro Boulevard, Las Cruces, NM 88012

$133,500

4.04 AC lot

4.04 acre lot zoned for house or mobile home.

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Spacious Lot with Mountain Views

9200 El Centro Boulevard lot: 4, Las Cruces, NM 88012

$86,000

1.00 AC lot

1.16-acre lot with mountain views, ready for your dream home.

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Half-Acre Lot with Mountain Views

Sunrunner Avenue, Las Cruces, NM 88012

$62,500

0.50 AC lot

Half-acre lot with Organ Mountain views, mobile homes welcome.

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Chaparral, NM Land Opportunity

1190 Enchantment Drive, Chaparral, NM 88081

Contact for pricing

0.46 AC lot

0.46-acre lot in Chaparral, NM, priced to sell!

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Off-Market Properties in Las Cruces, NM

Consider similar Off-Market properties in Las Cruces, 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.

BOARDING/ROOMING HOUSE

2884 Roadrunner Pkwy, Las Cruces, NM 88011-0853

$8,865,000

Estimated value

171,770 sqft 16.38 AC lot

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BOARDING/ROOMING HOUSE

866 Lettuce Ln, Las Cruces, NM 88001

$670,000

Estimated value

6,895 sqft 0.41 AC lot

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BOARDING/ROOMING HOUSE

2200 Vly Dr, Las Cruces, NM 88005-3140

Value Estimation by Request

5,137 sqft 1.01 AC lot

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BOARDING/ROOMING HOUSE

1091 Branson Ave, Las Cruces, NM 88001-5477

Value Estimation by Request

1,600 sqft 0.20 AC lot

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BOARDING/ROOMING HOUSE

2802 Corte Diosa-d, Las Cruces, NM 88011-8140

$525,000

Estimated value

5,488 sqft 4.00 AC lot

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BOARDING/ROOMING HOUSE

2105 Espina St, Las Cruces, NM 88001-5550

$660,000

Estimated value

9,490 sqft 0.84 AC lot

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BOARDING/ROOMING HOUSE

2015 Enzie Dr, Las Cruces, NM 88001-5291

Value Estimation by Request

3,080 sqft 0.41 AC lot

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BOARDING/ROOMING HOUSE

2108 Solano Dr, Las Cruces, NM 88001-5553

$590,000

Estimated value

6,087 sqft 1.04 AC lot

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BOARDING/ROOMING HOUSE

255 Madrid Ave, Las Cruces, NM 88005-1749

Value Estimation by Request

3,696 sqft 0.69 AC lot

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BOARDING/ROOMING HOUSE

4260 Northrise Dr, Las Cruces, NM 88011-7299

$540,000

Estimated value

5,126 sqft 12.74 AC lot

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BOARDING/ROOMING HOUSE

1101 La Fonda Dr, Las Cruces, NM 88001-4065

Value Estimation by Request

2,496 sqft 0.36 AC lot

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BOARDING/ROOMING HOUSE

450 Picacho Ave, Las Cruces, NM 88005-2185

$900,000

Estimated value

15,238 sqft 1.55 AC lot

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BOARDING/ROOMING HOUSE

1213 Juniper Ave, Las Cruces, NM 88001-2157

Value Estimation by Request

2,955 sqft 0.22 AC lot

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BOARDING/ROOMING HOUSE

2105 Bex St, Las Cruces, NM 88005-3411

Value Estimation by Request

2,164 sqft 0.24 AC lot

View details

Las Cruces, NM Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Las Cruces, NM, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $4,702,000.

Sale prices for multifamily properties in Las Cruces, NM start at $242,000, averaging $587,750, and reaching up to $1,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 159K

Population Growth (5Y) +10.5%

Median Household Income $57,444

College Educated 43.5%

High-Yield Neighborhoods for Investment

Identify Las Cruces submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
88005	$329.9K
88007	$506.3K
88001	$550K
88012	$1M
88011	$1.3M

Taxes & Financing

Tax Rate (average for all types) 3.37%

Property Tax per SF $72.66 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Dona Ana County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Las Cruces fall within the 100,000+ square foot range.

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Reach out if you need assistance with Realmo tools or have questions about your listings

Las Cruces, NM Multifamily Properties for Sale

1323 Mission Nuevo Drive, Las Cruces, NM 88011

311 Hurt Road, Las Cruces, NM 88007

1630 Wyoming Avenue, Las Cruces, NM 88001

4001 W Picacho Avenue, Las Cruces, NM 88007

306 S San Pedro Street, Las Cruces, NM 88001

439 N Alameda Boulevard, Las Cruces, NM 88005

705 Cactus, Las Cruces, NM 88001

Roadrunner Pkwy, Las Cruces, NM 88012

1362 Santa Fe, Las Cruces, NM 88001

809 W Van Patten Avenue, Las Cruces, NM 88005

Opportunities in Nearby Cities

925 Vinton Avenue, Canutillo, TX 79835

7080 Second Street, Canutillo, TX 79835

1325 Nambi Desert Drive, Chaparral, NM 88081

101 Calle Del Norte, Chaparral, NM

Potential Development Sites for Consideration

7563 El Centro Boulevard, Las Cruces, NM 88012

9200 El Centro Boulevard lot: 4, Las Cruces, NM 88012

Sunrunner Avenue, Las Cruces, NM 88012

1190 Enchantment Drive, Chaparral, NM 88081

Off-Market Properties in Las Cruces, NM

2884 Roadrunner Pkwy, Las Cruces, NM 88011-0853

866 Lettuce Ln, Las Cruces, NM 88001

2200 Vly Dr, Las Cruces, NM 88005-3140

1091 Branson Ave, Las Cruces, NM 88001-5477

2802 Corte Diosa-d, Las Cruces, NM 88011-8140

2105 Espina St, Las Cruces, NM 88001-5550

2015 Enzie Dr, Las Cruces, NM 88001-5291

2108 Solano Dr, Las Cruces, NM 88001-5553

255 Madrid Ave, Las Cruces, NM 88005-1749

4260 Northrise Dr, Las Cruces, NM 88011-7299

1101 La Fonda Dr, Las Cruces, NM 88001-4065

450 Picacho Ave, Las Cruces, NM 88005-2185

1213 Juniper Ave, Las Cruces, NM 88001-2157

2105 Bex St, Las Cruces, NM 88005-3411

Las Cruces, NM Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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