800 Richardson Ave Roswell, NM 88201
This exceptional investment opportunity presents a rare find in the heart of Roswell, New Mexico. The property, located at 800 N Richardson Avenue, comprises two distinct units on a spacious 12,420 square foot lot. The main unit, a stunning 3,232 square foot residence, boasts five bedrooms and three and a half bathrooms. Recently updated and remodeled, it features two versatile bonus rooms ideal for home offices or additional bedrooms. Significant improvements include a new roof installed in 2024 and a complete HVAC system replacement in 2019. Its size and amenities make it perfect for a primary residence or a high-demand Airbnb. The second unit offers two separate one-bedroom, one-bathroom apartments. The lower apartment is fully remodeled and equipped with its own independent electrical and water meters. The upper apartment has completed plumbing and electrical work, requiring only finishing touches for occupancy. This property, built in 1949, presents a compelling blend of classic charm and modern updates, offering strong potential for rental income and appreciation. The asking price is $395,000. This is a unique chance to acquire a well-maintained, multi-unit property in a desirable Roswell location. Don't miss this chance to add a valuable asset to your portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.