Residential Income

Grants, NM Residential Income Properties for Sale

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Milan, NM Bluewater, NM Ramah, NM
Renovated Multifamily Property with Courtyard
Updated: Jul 9
Renovated Multifamily Property with Courtyard

201 Lincoln Avenue, Grants, NM 87020

$1,100,000
7,090 sqft 0.40 AC lot
10 renovated multifamily units with 80% occupancy, with potential for immediate lease‑up
2024 property‑wide installation of new energy‑efficient ductless mini‑split HVAC systems
Each unit features washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers
Secure gated courtyard for resident access
~600 SF 1‑bedroom, 1‑bath unit converted from storage; the 11th unit is roughly 75% complete and includes washer/dryer hookups (subject to completion)
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Two-Story Multifamily Property
Updated: Jan 13
Two-Story Multifamily Property

1276 Washington Avenue, Grants, NM 87020

$270,000
2,600 sqft 0.17 AC lot
Two‑story multi‑family property with well‑appointed suites
Each suite offers 650 SF of living space with a living room, 2 bedrooms, and a bathroom
Kitchens include appliances such as a free‑standing gas range, refrigerator, and range hood
Interior features include ceiling fans
Heating is forced air; cooling is via ceiling fan(s)
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Duplex Income Property
Duplex Income Property

1245 JELSO AVE, Grants, NM 87020

$270,000
2,400 sqft

For sale duplex in Grants, NM, with an available neighboring sister property for buyers seeking additional units.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Grants, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

Gallup, NM Triplex Investment
Gallup, NM Triplex Investment

502 E Green Avenue, Gallup, NM 87301

$325,000
3,000 sqft 0.16 AC lot

Fully rented triplex in Gallup, NM with strong cash flow.

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Multifamily Property with Additional House
Multifamily Property with Additional House

416 hwy 66, Milan, NM 87021

$865,000
22,000 sqft

Includes 17 units plus a house, offering potential to expand on the same property.

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Duplex in Milan, New Mexico
Duplex in Milan, New Mexico

701 Lava, Milan, NM 87021

$139,000
1,922 sqft 0.38 AC lot

Versatile duplex with long-term renters, ideal for investment.

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Red Roof Inn
Red Roof Inn

3304 West Highway 66, Gallup, NM 87301

$5,350,000
52,000 sqft

Red Roof Inn – Gallup, NM

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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.

Timberlake Ranch Recreation Land Parcel
Timberlake Ranch Recreation Land Parcel

700 Timberlake Road, Ramah, NM 87321

$117,000
6.36 AC lot

Recreation land parcel with well, septic, and RV hookups already installed, including electrical panel and multiple GFCI outlets.

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Land with Views and Utilities
Land with Views and Utilities

E Elk Drive lot: 14, Ramah, NM 87321

$39,000
5.40 AC lot

5.4 acres of land with power, meadows, and views.

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Residential Land Lot with Wide Frontage
Residential Land Lot with Wide Frontage

2126 36th Street SW, Rio Rancho, NM 87124

Contact for pricing
0.50 AC lot

A half-acre residential lot in Rio Rancho with a wide front line and permission for manufactured homes pending county requirements.

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Residential Land Lot
Residential Land Lot

2305 30th Street SW, Rio Rancho, NM 87124

Contact for pricing
0.50 AC lot

Half-acre lot in Rio Rancho with 80' frontage, suitable for manufactured homes pending county criteria.

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Off-Market Properties in Grants, NM

Consider similar Off-Market properties in Grants, 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.

1201 Tumbleweed Dr
Land

1201 Tumbleweed Dr, Grants, NM 87020

Value Estimation by Request
2.00 AC lot
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Grants, NM Residential Income Properties Market Trends and Statistics

Explore 4 residential income properties for sale in Grants, NM, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 12,090 square feet of properties for sale, with an estimated market value of $1,640,000.

Sale prices for residential income properties in Grants, NM start at $270,000, averaging $546,666, and reaching up to $1,100,000 — 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

Multifamily properties 3
Apartment buildings 1
Duplexes 1
Quadplexes 1

Demographics Overview

Population 12K
Population Growth (5Y) +6.3%
Median Household Income $67,511
College Educated 32.4%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
87020 $1M

Taxes & Financing

Tax Rate (average for all types) 3.74%
Property Tax per SF $41.14 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cibola County

New Delisted

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