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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
    29 properties
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    Three-Bedroom Duplex Property
    Updated: Jul 16
    Three-Bedroom Duplex Property

    1362 Santa Fe, Las Cruces, NM 88001

    $295,000
    2,172 sqft
    2,172‑square‑foot duplex built in 2003
    Two units, each with 3 bedrooms and 2 bathrooms
    Tenants pay all utilities
    Seller’s adjacent duplex is also offered for sale
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    This listing looks promising.

    Here's a quick look at some key insights for

    1362 Santa Fe, Las Cruces, NM 88001

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    • Est. Cap Rate

      5%
      NOI ÷ price

    • Est. NOI

      $15K
      Annual

    • Price @ 7% Cap

      $209K
      Suggested

    • Property Type

      Duplex
      Built 2003
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    New Construction Fourplex
    Updated: Jun 8
    New Construction Fourplex

    1323 Mission Nuevo Drive, Las Cruces, NM 88011

    $1,300,000
    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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    5-Unit Multifamily Property with Solar
    5-Unit Multifamily Property with Solar

    311 Hurt Road, Las Cruces, NM 88007

    $800,000
    2.71 AC lot

    Property includes a duplex, three additional residences, outdoor improvements, and tenant-paid utilities.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1737 E Idaho Avenue, Las Cruces, NM 88001

    $215,000
    0.16 AC lot

    Two one-bedroom residences on a fenced corner lot with a circular driveway and public utilities.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Three-Unit Multifamily Property
    Three-Unit Multifamily Property

    703 Athenian Way, Las Cruces, NM 88011

    $750,000
    4,604 sqft

    Fully occupied residential income property with three-bedroom layouts and two bathrooms in each residence.

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    Two-Home Duplex with Shared Storage
    Two-Home Duplex with Shared Storage

    306 S San Pedro Street, Las Cruces, NM 88001

    $232,000
    0.12 AC lot

    The property includes one vacant residence and one currently occupied home with separate living spaces and shared storage.

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    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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    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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    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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    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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    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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    Quadplex with Attached Studios
    Quadplex with Attached Studios

    13700 State Highway 478, Mesilla Park, NM 88047

    $399,000
    0.80 AC lot

    Four connected living spaces combine residential flexibility with a detached garage, fenced grounds, and well service.

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    Two-Home Multifamily Property
    Two-Home Multifamily Property

    306 S San Pedro St, Las Cruces, NM 88001

    $232,000
    1,866 sqft

    Pair of historic-district residences with separate layouts, shared storage, and proximity to civic and downtown destinations.

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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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    Established RV Park with Clubhouse
    Established RV Park with Clubhouse

    595 N Valley Dr, Las Cruces, NM 88005

    $4,300,000
    12.60 AC lot

    Full-hookup community offering daily, weekly, and monthly rental options.

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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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    Triplex with Three-Bedroom Main Unit
    Triplex with Three-Bedroom Main Unit

    439 N Alameda Blvd, Las Cruces, NM 88005

    $265,000
    3,112 sqft

    Each residence has designated parking, mini-split refrigerated air, and included appliances.

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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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    31-Unit Apartment Complex
    31-Unit Apartment Complex

    2051 Mars Ave, Las Cruces, NM 88012

    Contact for pricing
    31,260 sqft 2.49 AC lot

    Multifamily property with spacious two-bedroom residences, manager accommodations, and resident washer and dryer hookups.

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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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    One-Story Stucco Apartment Building
    One-Story Stucco Apartment Building

    2106 College St, Las Cruces, NM 88001

    Contact for pricing

    One-story frame stucco building with 10 units, including 1-bedroom and 2-bedroom configurations.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    950 Mormon Dr, Las Cruces, NM 88011

    Contact for pricing

    Multifamily property offers a mix of 2-bedroom and 1-bedroom units with in-unit refrigerated air and surface 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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    Las Cruces, NM Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Las Cruces, NM, showcased through 29 active listings on our real estate platform. These investment opportunities span a total of 188,719 square feet of properties for sale, with an estimated market value of $15,848,000.

    Sale prices for multifamily properties in Las Cruces, NM start at $215,000, averaging $792,400, and reaching up to $4,300,000 — 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

    Apartment buildings 13
    Duplexes 12
    Quadplexes 3
    Triplexes 3
    Mobile home & RV parks 2

    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 $283.3K
    88001 $482.4K
    88007 $625K
    88011 $1M

    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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    Most Searched ZIP Codes in Las Cruces, NM

    • 88001
    • 88005
    • 88011
    • 88012
    • 88007
    • 88047

    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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