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    Las Cruces, NM
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    Las Cruces, NM Multifamily Properties for Sale

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    Mesilla, NM La Mesa, NM Dona Ana, NM Mesquite, NM Organ, NM Vado, NM Radium Springs, NM Berino, NM
    16 properties
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    New Construction Fourplex
    Updated: Jun 8
    New Construction Fourplex

    1323 Mission Nuevo Drive, Las Cruces, NM 88011

    $1,250,000
    0.26 AC lot
    Four‑unit property under construction with a 2026 year built
    Each unit measures 1,742 heated sq ft and includes 4 bedrooms and 2.5 bathrooms
    Every residence has an attached double‑car garage and refrigerated air conditioning
    Individually metered utilities with public water and public sewer
    Located on a 0.26‑acre site overlooking Sonoma Ranch Golf Course Hole 11
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    Updated Two-Unit Duplex
    Updated: Aug 8
    Updated Two-Unit Duplex

    1737 E Idaho Avenue, Las Cruces, NM 88001

    $215,000
    0.16 AC lot
    Two one‑bedroom, one‑bathroom units
    0.16‑acre fully fenced corner lot
    Attached sunroom with wheelchair accessibility
    Tile flooring, newer cooling systems, and newer appliances
    Circular driveway with on‑site parking
    View details
    Two-Unit Brick Duplex
    Two-Unit Brick Duplex

    1029 N Melendres Street, Las Cruces, NM 88005

    $270,000
    0.32 AC lot

    Separate parcels provide distinct two- and three-bedroom layouts with carport parking and evaporative cooling.

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    See hot listings in Las Cruces

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    21-Unit Apartment Compound
    21-Unit Apartment Compound

    2510/2530 S Espina St, Las Cruces, NM 88001

    $1,700,000
    63,162 sqft 1.44 AC lot

    A mix of studio and larger apartments is arranged around landscaped courtyards on R-3-zoned land.

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    8-Unit Multifamily Property
    8-Unit Multifamily Property

    809 W Van Patten Avenue, Las Cruces, NM 88005

    $315,000
    0.57 AC lot

    Six rear apartments include a renovated vacancy, while a detached home and studio broaden the property’s unit configuration.

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    Two-Unit Stucco Duplex
    Two-Unit Stucco Duplex

    1362 Santa Fe, Las Cruces, NM 88001

    $295,000
    0.17 AC lot

    Two residential units feature matching three-bedroom, two-bath layouts with tenant-paid utilities.

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    Three-Bedroom Duplex
    Three-Bedroom Duplex

    705 Cactus, Las Cruces, NM 88001

    $295,000
    0.17 AC lot

    Two-unit property with separate residences, public utilities, and included kitchen appliances.

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    Remodeled Brick Quadplex
    Remodeled Brick Quadplex

    1820 Rentfrow Ave, Las Cruces, NM 88001

    $675,000
    3,312 sqft

    Four-unit property with updated interiors, private outdoor areas, and dedicated parking for each apartment.

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    Five-Unit Multifamily Property
    Five-Unit Multifamily Property

    Las Cruces, NM 88007

    $800,000
    2.71 AC lot

    Five separate residences occupy a secured property with outdoor gathering areas and storage.

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    60-Unit Apartment Development
    60-Unit Apartment Development

    3609 Del Rey Blvd, Las Cruces, NM 88012

    $2,300,000
    67,560 sqft 2.90 AC lot

    Permitted construction is active, with engineering complete and substantial site work already finished.

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    Eight-Unit Multifamily Property
    Eight-Unit Multifamily Property

    809 W Van Patten Ave, Las Cruces, NM 88005

    $315,000
    5,101 sqft

    Includes apartments, a detached home, and a studio with on-site parking.

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    Three-Bedroom Duplex Property
    Three-Bedroom Duplex Property

    1362 Santa Fe, Las Cruces, NM 88001

    $295,000
    2,172 sqft

    Two residential units offer three bedrooms and two bathrooms each, with tenants responsible for utilities.

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    Two-Unit Duplex
    Two-Unit Duplex

    705 Cactus, Las Cruces, NM 88001

    $295,000
    2,172 sqft

    Each residence includes three bedrooms and two bathrooms, with occupants responsible for all utilities.

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    60-Unit Apartment Development
    60-Unit Apartment Development

    3069 Del Rey Boulevard, Las Cruces, NM 88012

    Contact for pricing
    67,560 sqft

    Multifamily development with completed engineering and substantially advanced site work.

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    12-Unit Condominium Apartment Building
    12-Unit Condominium Apartment Building

    820 Mormon Place, Las Cruces, NM 88011

    $1,550,000

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

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    Manufactured Housing Park Portfolio
    Manufactured Housing Park Portfolio

    2100 Isaacks Lane, Las Cruces, NM 88007

    Contact for pricing

    Portfolio of manufactured housing communities spanning Las Cruces and Alamogordo, with available pads and park-owned homes.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Las Cruces, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 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.

    Two-Home Duplex Property
    Two-Home Duplex Property

    708 E WASHINGTON Street, Anthony, TX 79821

    $200,000
    1,994 sqft 0.11 AC lot

    Both residences are rented and share one parcel with public sewer service.

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    Adobe Quadplex with Casita
    Adobe Quadplex with Casita

    393 E San Miguel St Unit 1-4, La Mesa, NM 88044

    $475,000
    4,460 sqft 0.49 AC lot

    Four apartments across two buildings offer flexible residential income or multi-generational living arrangements.

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    Adobe Quadplex With Casita
    Adobe Quadplex With Casita

    393 E San Miguel Street, La Mesa, NM 88044

    $475,000
    0.49 AC lot

    Two-building income property with public utilities, individual laundry, and full kitchen appliances in each apartment.

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    Multifamily Property with Acreage
    Multifamily Property with Acreage

    370 E Ohara Road, Anthony, NM 88021

    $450,000
    2.75 AC lot

    Four apartments and a separate house create a multi-building residential income configuration.

    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.

    Spacious Lot with Mountain Views
    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
    Half-Acre Lot with Mountain Views

    Sunrunner Avenue, Las Cruces, NM 88012

    $55,000
    0.50 AC lot

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

    View details
    Two-Acre Lot with 360 Views
    Two-Acre Lot with 360 Views

    1955 Hot Peppers Road, Chaparral, NM 88081

    $80,000
    2.00 AC lot

    Two-acre lot in Chaparral, NM with manufactured home allowance.

    View details
    Two-Acre Lot with 360 Views
    Two-Acre Lot with 360 Views

    1052 Shiprock Road, Chaparral, NM 88081

    $80,000
    2.00 AC lot

    Two-acre lot in Chaparral, NM with manufactured home allowance.

    View details

    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.

    2884 Roadrunner Pkwy
    BOARDING/ROOMING HOUSE

    2884 Roadrunner Pkwy, Las Cruces, NM 88011-0853

    Estimated value:
    $8,865,000
    171,770 sqft 16.38 AC lot
    View details
    866 Lettuce Ln
    BOARDING/ROOMING HOUSE

    866 Lettuce Ln, Las Cruces, NM 88001

    Estimated value:
    $380,000
    6,895 sqft 0.41 AC lot
    View details
    2200 Vly Dr
    BOARDING/ROOMING HOUSE

    2200 Vly Dr, Las Cruces, NM 88005-3140

    Estimated value:
    $400,000
    5,137 sqft 1.01 AC lot
    View details
    1091 Branson Ave
    BOARDING/ROOMING HOUSE

    1091 Branson Ave, Las Cruces, NM 88001-5477

    Estimated value:
    $275,000
    1,600 sqft 0.20 AC lot
    View details
    2802 Corte Diosa-d
    BOARDING/ROOMING HOUSE

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

    Estimated value:
    $525,000
    5,488 sqft 4.00 AC lot
    View details
    2105 Espina St
    BOARDING/ROOMING HOUSE

    2105 Espina St, Las Cruces, NM 88001-5550

    Estimated value:
    $385,000
    9,490 sqft 0.84 AC lot
    View details
    2015 Enzie Dr
    BOARDING/ROOMING HOUSE

    2015 Enzie Dr, Las Cruces, NM 88001-5291

    Estimated value:
    $290,000
    3,080 sqft 0.41 AC lot
    View details
    2108 Solano Dr
    BOARDING/ROOMING HOUSE

    2108 Solano Dr, Las Cruces, NM 88001-5553

    Estimated value:
    $375,000
    6,087 sqft 1.04 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 16 active listings on our real estate platform. These investment opportunities span a total of 211,039 square feet of properties for sale, with an estimated market value of $10,570,000.

    Sale prices for multifamily properties in Las Cruces, NM start at $215,000, averaging $755,000, and reaching up to $2,300,000 — 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

    Duplexes 10
    Apartment buildings 7
    Quadplexes 2
    Mobile home & RV parks 1

    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 $300K
    88001 $332.5K
    88007 $425K
    88011 $1M
    88012 $2.3M

    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.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Las Cruces, NM

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    Most Searched ZIP Codes in Las Cruces, NM

    • 88001
    • 88005
    • 88007
    • 88011
    • 88012

    Featured Las Cruces Real Estate Agencies

    Realmo connects you with licensed Las Cruces CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Realty Las Cruces
    3780 Foothills Road, Suite C Las Cruces, NM 88011
    Phone: 15755270880
    KellerWilliamsLasCruces.com
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