Las Cruces, NM Multifamily Properties for Sale

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Mesilla, NM Dona Ana, NM Mesquite, NM

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$1,350,000

1,656 SF

Las Cruces Four-Plex Investment

1263 Mission Nuevo Drive, Las Cruces, NM 88011

Four luxury units near Sonoma Ranch Golf Course.

Four‑plex property offering strong rental income potential.
Each unit features 3 bedrooms, 2.5 bathrooms, and a double car garage.
Located near the desirable Sonoma Ranch Golf Course.
Modern kitchens with stainless steel appliances in each unit.
Tile flooring throughout each unit.

Updated: Apr 8

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Las Cruces Multifamily Investment Property

$800,000

2.71 Acres

Las Cruces Multifamily Investment Property

311 Hurt Road, Las Cruces, NM 88007

Five income-producing units on 2.71 acres in Las Cruces.

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)

Updated: Apr 2

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$239,750

840 SF

Well-Maintained Duplex in Las Cruces

Las Cruces duplex with carport and storage, live-in potential.

1255 W Ethel Avenue, Las Cruces, NM 88005

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$299,000

0.21 Acres

Las Cruces Multi-Unit Investment

Multi-unit property with income potential in Las Cruces, NM.

439 N Alameda Boulevard, Las Cruces, NM 88005

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Mixed-Use Property with Residential Units

$450,000

0.22 Acres

Mixed-Use Property with Residential Units

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

4001 W Picacho Avenue, Las Cruces, NM 88007

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$450,000

0.19 Acres

Remodeled Duplex in Las Cruces

Completely remodeled duplex, ideal for investors or owner-occupants.

1212 Brownlee Avenue, Las Cruces, NM 88005

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$269,000

4,000 SF

Corner Lot Development Opportunity

1.5-acre corner lot with flexible zoning and development potential.

865 Tres Amigos Road, Las Cruces, NM 88007

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$549,990

2,600 SF

Renovated Five-Unit Multifamily Complex

Las Cruces multifamily property with recent renovations and value-add potential.

807 Chaparro St, Las Cruces, NM 88001

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$450,000

Remodeled Duplex For Sale

Completely remodeled duplex, ideal for investors or owner-occupants.

1212 Brownlee Avenue, Las Cruces, NM 88005

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$1,045,000

Roadrunner Parkway Multifamily Development Site

Development site suitable for assisted living or apartments.

Roadrunner Pkwy, Las Cruces, NM 88012

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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.

$635,000

2,100 SF

Chaparral Duplex with Metal Building

New duplex with metal building on oversized 1.3-acre lot.

1325 Nambi Desert Drive, Chaparral, NM 88081

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$635,000

2,100 SF

New Duplex with Large Lot

New duplex on large lot with metal building.

1325 Nambi Desert Drive, Chaparral, NM 88081

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Canutillo Triplex: Investment Opportunity

$140,000

1,800 SF

Canutillo Triplex: Investment Opportunity

Three-unit property in Canutillo, TX, with renovation potential.

7080 Second Street, Canutillo, TX 79835

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Restaurant, Apartments, and Warehouse Space

$299,000

2,589 SF

Restaurant, Apartments, and Warehouse Space

Mixed-use property featuring a restaurant, apartments, and warehouse space.

6928 Third St, Canutillo, TX 79835

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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.

$133,500

4.04 Acres

Land in Las Cruces, NM

4.04 acre lot zoned for house or mobile home.

7563 El Centro Boulevard, Las Cruces, NM 88012

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$90,000

1.16 Acres

Spacious Lot with Mountain Views

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

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

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$62,500

0.50 Acres

Half-Acre Lot with Mountain Views

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

Sunrunner Avenue, Las Cruces, NM 88012

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$135,000

1.81 Acres

Land in Vado, New Mexico

1.81 acre lot zoned D2 with city utilities.

89 Coors Road, Vado, NM 88072

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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

171,770 SF Lot: 16.38 Acres

Estimated value

$8,865,000

2884 Roadrunner Pkwy, Las Cruces, NM 88011-0853

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BOARDING/ROOMING HOUSE

6,895 SF Lot: 0.41 Acres

Estimated value

$670,000

866 Lettuce Ln, Las Cruces, NM 88001

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BOARDING/ROOMING HOUSE

5,137 SF Lot: 1.01 Acres

Value Estimation by Request

2200 Vly Dr, Las Cruces, NM 88005-3140

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BOARDING/ROOMING HOUSE

1,600 SF Lot: 0.20 Acres

Value Estimation by Request

1091 Branson Ave, Las Cruces, NM 88001-5477

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BOARDING/ROOMING HOUSE

5,488 SF Lot: 4.00 Acres

Estimated value

$525,000

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

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BOARDING/ROOMING HOUSE

9,490 SF Lot: 0.84 Acres

Estimated value

$660,000

2105 Espina St, Las Cruces, NM 88001-5550

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BOARDING/ROOMING HOUSE

3,080 SF Lot: 0.41 Acres

Value Estimation by Request

2015 Enzie Dr, Las Cruces, NM 88001-5291

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BOARDING/ROOMING HOUSE

6,087 SF Lot: 1.04 Acres

Estimated value

$590,000

2108 Solano Dr, Las Cruces, NM 88001-5553

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BOARDING/ROOMING HOUSE

3,696 SF Lot: 0.69 Acres

Value Estimation by Request

255 Madrid Ave, Las Cruces, NM 88005-1749

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BOARDING/ROOMING HOUSE

5,126 SF Lot: 12.74 Acres

Estimated value

$540,000

4260 Northrise Dr, Las Cruces, NM 88011-7299

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BOARDING/ROOMING HOUSE

2,496 SF Lot: 0.36 Acres

Value Estimation by Request

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

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BOARDING/ROOMING HOUSE

15,238 SF Lot: 1.55 Acres

Estimated value

$900,000

450 Picacho Ave, Las Cruces, NM 88005-2185

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BOARDING/ROOMING HOUSE

2,955 SF Lot: 0.22 Acres

Value Estimation by Request

1213 Juniper Ave, Las Cruces, NM 88001-2157

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BOARDING/ROOMING HOUSE

2,164 SF Lot: 0.24 Acres

Value Estimation by Request

2105 Bex St, Las Cruces, NM 88005-3411

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Las Cruces, NM Multifamily Properties Investment Opportunities Market Analysis

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 9,096 square feet of properties for sale, with an estimated market value of $2,408,740.

Sale prices for multifamily properties in Las Cruces, NM start at $239,750, averaging $602,185, and reaching up to $1,350,000 — 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

Property Size Breakdown

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

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 median listing prices of real estate assets

Neighborhood	Average Price
88005	$359.7K
88007	$506.3K
88001	$550K
88012	$1M
88011	$1.4M

Taxes & Financing

Tax Rate (average for all types) 3.37%

Property Tax per SF $72.66 per sq ft

Average Loan-to-Value 65.0%

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Las Cruces, NM Multifamily Properties for Sale

Las Cruces Four-Plex Investment

Four luxury units near Sonoma Ranch Golf Course.

Las Cruces Multifamily Investment Property

Five income-producing units on 2.71 acres in Las Cruces.

Well-Maintained Duplex in Las Cruces

Las Cruces Multi-Unit Investment

Mixed-Use Property with Residential Units

Remodeled Duplex in Las Cruces

Corner Lot Development Opportunity

Renovated Five-Unit Multifamily Complex

Remodeled Duplex For Sale

Roadrunner Parkway Multifamily Development Site

Opportunities in Nearby Cities

Chaparral Duplex with Metal Building

New Duplex with Large Lot

Canutillo Triplex: Investment Opportunity

Restaurant, Apartments, and Warehouse Space

Potential Development Sites for Consideration

Land in Las Cruces, NM

Spacious Lot with Mountain Views

Half-Acre Lot with Mountain Views

Land in Vado, New Mexico

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 Investment Opportunities Market Analysis

Top Commercial Asset Segments

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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