Lovington, NM Multifamily Properties for Sale

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Tatum, NM Hobbs, NM

$1,400,000

5.00 Acres

Lovington RV Park with Expansion

103 S 17th Street, Lovington, NM 88260

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

Turnkey RV park with 45 spaces currently generating income
Significant expansion potential with an additional 20 acres available
City utilities provide a reliable and convenient infrastructure
Current rental income of $600/month per space
Owner financing available

Updated: Jul 18, 2024

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$1,400,000

45-Site RV Park in Lovington

103 S 17th Street, Lovington, NM 88260

RV park in Permian Basin with strong cash flow.

High Cap Rate: Approximately 14.45% at the $1.4M asking price, generating an estimated NOI of $202,355.
Strong Revenue: Generates approximately $270,000 in annual gross revenue.
Location: Located in Lovington, New Mexico, in the heart of the Permian Basin oil and gas region, benefiting from strong demand from long‑term tenants in the energy industry.
Expansion Potential: Additional 20 acres of adjacent land available for purchase for future RV site expansion or workforce housing development.
Simple Operations: Operates with city water, sewer, and utilities, reducing operational complexity.

Updated: Apr 28, 2024

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$250,000

1.77 Acres

Commercially Zoned Land For Sale

Commercially zoned land suitable for various business ventures.

TBD Urlacher Drive Drive, Lovington, NM 88260

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Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 3 Active listings in Lovington, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 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.

$299,000

1,260 SF

Two Homes on 1.77 Acres

Two residences with potential for rental income and future development.

825 E Santa Fe Street, Hobbs, NM 88240

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$350,000

Fourplex with Four 2BR Units

A fourplex with four 2-bedroom, 1-bath units, including two ground-level accessible apartments.

703 W Calle Sur, Hobbs, NM 88240

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$130,000

5.10 Acres

RV Park Investment Opportunity

RV park with spaces and mobile home hook-ups.

380 N County Rd 205, Seminole, TX 79360

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$140,000

5.01 Acres

RV Park Investment Opportunity

5.01 acre RV park with hook-ups for sale.

Cr 205 N Quail Run, Seminole, TX 79360

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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.

$75,000

0.26 Acres

Residential Land in Seminole, TX

Two lots with mobile home utilities in Seminole, Texas.

800 NW 2nd St, Seminole, TX 79360

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$80,000

3.26 Acres

Land in Avalon Estates, Seminole

Residential land for sale in a quiet country setting.

County Rd 100 lot: 10, Seminole, TX 79360

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$115,000

0.73 Acres

Residential Land in Goldsmith, TX

Fenced land with utilities ready for a mobile home.

15764 W 39th St, Goldsmith, TX 79741

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$34,995

1.00 Acre

One Acre Lot in Anton

One acre lot in Anton, Texas, near Lubbock.

6861 N Bulldog, Anton, TX 79313

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Off-Market Properties in Lovington, NM

Consider similar Off-Market properties in Lovington, 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.

MOBILE HOME PARK, TRAILER PARK

1,280 SF

Value Estimation by Request

Unit 20

1900 2nd St Trlr, Lovington, NM 88260-2827

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MOBILE HOME PARK, TRAILER PARK

1,056 SF

Value Estimation by Request

Unit 19

1900 2nd St Trlr, Lovington, NM 88260-2822

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MOBILE HOME PARK, TRAILER PARK

924 SF

Value Estimation by Request

Unit 38

1200 Love St Trlr, Lovington, NM 88260-2838

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MOBILE HOME PARK, TRAILER PARK

1,120 SF

Value Estimation by Request

318 Ave R A Trlr A, Lovington, NM 88260-5746

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Lovington, NM Multifamily Properties Market Trends and Statistics

Explore 23 multifamily properties for sale in Lovington, NM, showcased through 3 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 $3,050,000.

Sale prices for multifamily properties in Lovington, NM start at $250,000, averaging $1,016,666, and reaching up to $1,400,000 — 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 15K

Population Growth (5Y) +1.8%

Median Household Income $75,197

College Educated 23.2%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
88260	$1M

Taxes & Financing

Tax Rate (average for all types) 2.88%

Property Tax per SF $0.55 per SF

Tax Rate vs County Average 0.18 pp above county avg

Average Loan-to-Value 65.0%

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Lovington, NM Multifamily Properties for Sale

103 S 17th Street, Lovington, NM 88260

103 S 17th Street, Lovington, NM 88260

TBD Urlacher Drive Drive, Lovington, NM 88260

Opportunities in Nearby Cities

825 E Santa Fe Street, Hobbs, NM 88240

703 W Calle Sur, Hobbs, NM 88240

380 N County Rd 205, Seminole, TX 79360

Cr 205 N Quail Run, Seminole, TX 79360

Potential Development Sites for Consideration

800 NW 2nd St, Seminole, TX 79360

County Rd 100 lot: 10, Seminole, TX 79360

15764 W 39th St, Goldsmith, TX 79741

6861 N Bulldog, Anton, TX 79313

Off-Market Properties in Lovington, NM

1900 2nd St Trlr, Lovington, NM 88260-2822

114 Elm Ave, Lovington, NM 88260-2831

219 Forrest St, Lovington, NM 88260-2850

1442 State Hwy 206, Lovington, NM 88260-8454

102 Juniper Ave, Lovington, NM 88260-2337

217 Forrest St, Lovington, NM 88260-2850

206 Forrest St, Lovington, NM 88260-2850

216 Forrest St, Lovington, NM 88260-2850

113 Elm Ave, Lovington, NM 88260-2853

215 Elm Ave, Lovington, NM 88260-2834

203 Elm Ave, Lovington, NM 88260-2843

218 Elm Ave, Lovington, NM 88260-2842

115 Elm Ave, Lovington, NM 88260-2853

116 Elm Ave, Lovington, NM 88260-2831

111 Elm Ave, Lovington, NM 88260-2853

205 Elm Ave, Lovington, NM 88260-2843

1900 2nd St Trlr, Lovington, NM 88260-2827

1900 2nd St Trlr, Lovington, NM 88260-2822

1200 Love St Trlr, Lovington, NM 88260-2838

318 Ave R A Trlr A, Lovington, NM 88260-5746

Lovington, NM Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

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