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    New Mexico Residential Income Properties for Lease

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    Albuquerque, NM Santa Fe, NM Las Cruces, NM Rio Rancho, NM Farmington, NM Roswell, NM Santa Teresa, NM Hobbs, NM
    Six-Unit Apartment Building
    Updated: Nov 18, 2025
    Six-Unit Apartment Building

    506 E May Avenue, Las Cruces, NM 88001

    $600,000/Mo
    0.39 AC lot
    Six residential units: one 3‑bedroom unit and five 1‑bedroom, 1‑bath apartments
    0.39‑acre property at 506 E May Avenue, Las Cruces
    Remodeled apartment improvements with stucco construction
    Forced‑air heating and evaporative cooling
    Ceramic tile and carpet flooring
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    Three-Bedroom Residential Income Property
    Updated: Sep 30
    Three-Bedroom Residential Income Property

    2925 Valle Vista, Las Cruces, NM 88011

    Contact for pricing
    1,728 sqft
    1,728 square feet with 3 bedrooms and 2 baths
    Built in 1976
    Tile flooring throughout
    Sunroom included
    Oversized detached 2‑car garage
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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1737/1739 Idaho Avenue, Las Cruces, NM 88001

    Contact for pricing
    1,176 sqft

    Two separate residences include private outdoor areas and recent updates.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 513 Potential Opportunities for your consideration. Besides 3 Active listings in New Mexico, we suggest exploring alternatives. Similar 510 Properties for Sales.

    Similar Spaces for Sale in New Mexico

    Consider Similar Space for Sale. We found 510 Spaces matching your search parameters.

    12-Unit Apartment Compound
    12-Unit Apartment Compound

    7524 2nd Street NW, Albuquerque, NM 87107

    $947,250
    6,685 sqft 0.76 AC lot

    Three buildings provide a distinctive multifamily layout with varied apartment configurations, on-site parking, and a gated compound setting.

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    12-Unit Townhome-Style Apartment Compound
    12-Unit Townhome-Style Apartment Compound

    808 Ortiz Drive SE, Albuquerque, NM 87108

    $1,424,506
    9,650 sqft 0.46 AC lot

    Two-story residences feature private outdoor areas, full-size laundry connections, separate utility meters, and secured shared courtyards.

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    8-Unit Apartment Building with Patios
    8-Unit Apartment Building with Patios

    3434-3438 Thaxton Avenue SE, Albuquerque, NM 87106

    $1,069,900
    6,120 sqft 0.16 AC lot

    Each residence offers a two-bedroom, one-bathroom plan, in-unit laundry, and private outdoor space.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    1104 Palomas Drive SE, Albuquerque, NM 87108

    $999,565
    7,720 sqft 0.56 AC lot

    Remodeled multifamily property with patios, appliances, and forced-air heating.

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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    501-505 Mesilla Street SE, Albuquerque, NM 87108

    $560,000
    4,248 sqft 0.30 AC lot

    Two separately deeded triplexes offer a courtyard-style layout with a varied residential unit mix.

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    Updated 9-Unit Apartment Building
    Updated 9-Unit Apartment Building

    6720 Cochiti Road SE, Albuquerque, NM 87108

    $740,831
    4,300 sqft 0.31 AC lot

    Nine casita-style residences feature refreshed interiors, controlled access, shared laundry, and gated off-street parking.

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    Single-Story Mixed-Use Building
    Single-Story Mixed-Use Building

    466 San Francisco Street W, Santa Fe, NM 87501

    $1,150,000
    3,855 sqft 0.38 AC lot

    Fully leased commercial property with C-1 zoning, on-site gravel parking, and convenient access to downtown Santa Fe destinations.

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    Multibuilding Multifamily Compound
    Multibuilding Multifamily Compound

    18 Destierro Trail, Santa Fe, NM 87506

    $2,749,000
    8,894 sqft 3.84 AC lot

    The property combines a six-bedroom hacienda, a separate residence, and a circular adobe sanctuary with gathering and support spaces.

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    Fourplex with Individual Storage
    Fourplex with Individual Storage

    483 Vancouver Road SE, Rio Rancho, NM 87124

    $600,000
    3,433 sqft 0.46 AC lot

    Fully occupied multifamily property with four residential units, private backyards, laundry hookups, and individual storage.

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    Renovated Apartment Building
    Renovated Apartment Building

    201 Lincoln Avenue, Grants, NM 87020

    $1,100,000
    7,090 sqft 0.40 AC lot

    Renovated apartments feature updated finishes, laundry hookups, and access to a secure gated courtyard.

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    Mixed-Use Arts Residency Property
    Mixed-Use Arts Residency Property

    4 N Chamisa, Santa Fe, NM 87508

    $1,599,000
    4,815 sqft 2.09 AC lot

    Renovated campus combines gallery, event, residential, and private studio spaces along U.S. Highway 285.

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    Historic Three-Unit Compound
    Historic Three-Unit Compound

    343-345 E Berger Street, Santa Fe, NM 87505

    $1,200,000
    3,934 sqft 0.32 AC lot

    Three distinct residences combine period character, private courtyards, and off-street garage parking.

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    Duplex with Fenced Yards
    Duplex with Fenced Yards

    134 & 136 W Berger Street, Santa Fe, NM 87505

    $799,000
    1,200 sqft 0.03 AC lot

    Two separately metered residences offer private outdoor space and in-unit laundry.

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    7-Unit Townhome-Style Apartment Building
    7-Unit Townhome-Style Apartment Building

    3505 Lafayette Drive NE, Albuquerque, NM 87107

    $950,000
    9,100 sqft 0.38 AC lot

    Updated two-story residences feature spacious layouts, private utility rooms, and separately metered gas and electric service.

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    Updated Four-Unit Apartment Property
    Updated Four-Unit Apartment Property

    1920 Lead Avenue SE, Albuquerque, NM 87106

    $546,500
    2,038 sqft 0.21 AC lot

    UNM-area multifamily property with upgraded systems, contemporary apartment finishes, off-street parking, and alley and Lead Avenue access.

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    Four-Unit Quadplex with Yards
    Four-Unit Quadplex with Yards

    4301 Calle Andrew, Santa Fe, NM 87507

    $839,000
    4,032 sqft 0.09 AC lot

    Fully leased multifamily property with R-7 zoning, public utilities, and practical residential layouts.

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    7-Unit Inn with Hospitality Pavilion
    7-Unit Inn with Hospitality Pavilion

    Mimbres, NM 88049

    $539,000
    3,713 sqft 1.18 AC lot

    Furnished lodging property with caretaker quarters, automated guest operations, and a dedicated outdoor hospitality area.

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    Updated Four-Unit Apartment Property
    Updated Four-Unit Apartment Property

    1315 Madeira Drive SE, Albuquerque, NM 87108

    $522,720
    3,233 sqft 0.20 AC lot

    Four residential units feature refreshed interiors, private laundry areas, full kitchens, and shared courtyard space.

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    Apartment Building Near Employment Centers
    Apartment Building Near Employment Centers

    1325 Wellesley Drive SE, Albuquerque, NM 87106

    $4,500,000
    28,600 sqft 1.53 AC lot

    Kirtland Air Force Base, Sandia National Laboratories, and the Max-Q development are nearby.

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    Two-Building 8-Unit Apartment Property
    Two-Building 8-Unit Apartment Property

    309-313 Geraldine Loop SE, Rio Rancho, NM 87124

    $1,030,000
    6,684 sqft 0.57 AC lot

    Occupied two-bedroom residences feature one bathroom, carpeted floors, and central and forced-air heating.

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    52-Unit Apartment Community
    52-Unit Apartment Community

    2100 Stardust Court, Alamogordo, NM 88310

    $4,625,000
    30,020 sqft 1.98 AC lot

    The property offers studio, one-bedroom, and two-bedroom floor plans, including two units with garages.

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    New Mexico Residential income properties Market Trends and Statistics

    Explore Residential income properties leasing options in New Mexico with 3 listings featured on our commercial real estate exchange. The current inventory includes 2,904 square feet of properties with an estimated lease value of $600,000.

    Estimated lease rates for Residential income properties in New Mexico average $600,000/Mo.
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