Portales, NM Multifamily properties for Sale: Buy Multi-Unit Buildings Near You

Updated: Oct 28, 2021

22-Space RV & Mobile Home Park

746 S Roosevelt Rd R 1/2, Portales, NM 88130

$454,000

20 acres total, including 10 developed acres for RV and mobile home use
22 fully equipped RV and mobile home spaces
Water, sewer, and high‑speed fiber optic internet at the spaces
Two existing rented mobile homes included in the purchase
Four 1,800‑gallon septic systems, county cooperative water, and a new water well

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Updated: Feb 2

Portales Multifamily Investment Opportunity

501 S Avenue G, Portales, NM 88130

$450,000

6,300 sqft

Acquisition Cap Rate: 6.77%
100% Occupied as of February 2026
Less than 1/2 mile from ENMU Campus
All units are 2‑Bedroom 1‑Bath
Complete Remodel as of the last 5 years

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Commercial Land with Highway Frontage

1701 W 2nd, Portales, NM 88130

$410,000

2,964 sqft

The site is within walking distance of Eastern New Mexico University, with six adjoining lots separately available.

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3 active listings match your search: Multifamily for sale in Portales, NM. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

12-Unit Apartment Building

117 Townsgate Plz, Clovis, NM 88101

$1,500,000

10,240 sqft

Apartments offer one-bedroom layouts, in-unit laundry, and updates to flooring, HVAC, and water heaters in many units.

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Mixed-Use Property with Rental Units

400 Phelps Avenue, Littlefield, TX 79339

$198,000

1,375 sqft 0.07 AC lot

Front commercial space is paired with two occupied residential rental units.

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Renovated 6-Unit Apartment Building

1000 Ash St, Clovis, NM 88101

$499,900

4,950 sqft

Six fully stabilized residential units feature 2019 roof improvements and recent interior updates, with utilities individually metered.

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45-Unit Apartment Building

1100 S Wicker Avenue, Littlefield, TX 79339

$2,400,000

Established multifamily property with maintained improvements and current occupancy above ninety percent.

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Portales, NM Multifamily Properties Market Trends and Statistics

Explore 3 multifamily properties for sale in Portales, NM, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 9,264 square feet of properties for sale, with an estimated market value of $1,314,000.

Sale prices for multifamily properties in Portales, NM start at $410,000, averaging $438,000, and reaching up to $454,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
88130	$452K

Neighborhood

Average Price

88130

$452K