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Property profile & analytics
OFF-MARKET
Specialty properties

811 15Th St Portales, NM 88130

Built 2024
Property ID
US61-1661067
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, four-unit multifamily property located at 811 W 15th Street, Portales, New Mexico, 88130. Built in 2024, this property boasts a substantial 13,429 square foot lot and is offered at an asking price of $491,000. Each of the four units features a comfortable two-bedroom, two-bathroom layout, complete with brand new kitchen appliances and in-unit washer and dryer sets. The property's strategic location near Eastern New Mexico University makes it ideally suited to cater to the student population, while its proximity to Cannon Air Force Base further enhances its appeal to a diverse tenant base. Designed with energy efficiency in mind, this 4-plex incorporates 2x6 exterior walls and spray foam insulation in both the walls and roof, resulting in significant energy savings and enhanced comfort for residents. Adding to the property's desirability, each unit includes a private fenced backyard, providing residents with valuable outdoor space. This turnkey investment offers a compelling opportunity for immediate income generation and long-term appreciation in a desirable location. The property's modern construction and thoughtful design elements combine to create a highly attractive rental property with strong potential for a positive return on investment.

Property profile
Verified
Property type Specialty properties
Year built 2024
UPID US61-1661067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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