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    Hobbs, NM
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    Hobbs, NM Residential Income Properties for Sale

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    Seminole, TX Lovington, NM Monument, NM Oil Center, NM Eunice, NM Denver City, TX Lometa, TX
    Three-Home Residential Income Property
    Updated: Apr 11
    Three-Home Residential Income Property

    1213 S Perry Dr, Hobbs, NM 88240

    Contact for pricing
    Investment property: 3 homes on one lot sold together for residential income
    1213 S Perry: 2 bed/1 bath, with 2nd bedroom and laundry room still under construction
    407 E Texas: 2 bed/1 bath
    Home next to 407 E Texas: 3 bed/1 bath, currently under construction
    View details
    12-Unit Apartment Community
    Updated: Jul 19, 2024
    12-Unit Apartment Community

    2315 N Jefferson Street, Hobbs, NM 88240

    Contact for pricing
    12‑unit apartment community built in 1979 in Hobbs, NM, positioned near major employers and retail opportunities.
    Current average rents are $594/month based on an ask price of $840,000.
    Investment performance metrics include 9.82 GRM and 6.88% cap rate (before reserves, before tax).
    IRR figures reported: 20.4% before tax and 16.6% after tax (based on the provided ask price and rents).
    Renovation/rehabilitation financing noted through the Ventana Fund, with a base interest rate of 5.35% (per provided terms).
    View details
    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 80 Potential Opportunities for your consideration. Besides 2 Active listings in Hobbs, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

    Mixed-Use Property with Event Spaces
    Mixed-Use Property with Event Spaces

    278 County Rd 306, Seminole, TX 79360

    $800,000
    10,992 sqft 1.19 AC lot

    Three occupied apartments complement gathering areas with kitchens, bathrooms, parking, and a playground.

    View details
    Mobile Home and RV Park
    Mobile Home and RV Park

    213 AVENUE J E, Lovington, NM 88260

    $850,000
    1.47 AC lot

    Fully occupied property combining mobile home and recreational vehicle accommodations.

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    RV Park With Cabin Rentals
    RV Park With Cabin Rentals

    1305 N Main St, Seminole, TX 79360

    Contact for pricing

    Income-producing property with RV accommodations, cabin rentals, and rentable storage space across a multi-use site.

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    Lovington RV Park with Expansion
    Lovington RV Park with Expansion

    103 S 17th Street, Lovington, NM 88260

    Contact for pricing
    5.00 AC lot

    Turn-key RV park with expansion potential in Lovington, NM.

    View details

    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.

    Unrestricted Land Near Denver City
    Unrestricted Land Near Denver City

    County Road 217, Denver City, TX 79323

    $85,000
    10.01 AC lot

    10 acres of unrestricted land between Denver City and Seagraves.

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    Residential Lot in Established Neighborhood
    Residential Lot in Established Neighborhood

    2303 SW Ave B, Seminole, TX 79360

    Contact for pricing
    0.29 AC lot

    Residential lot suitable for building a home or duplex.

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    Unrestricted Acreage with Existing Garage
    Unrestricted Acreage with Existing Garage

    Co Rd 370, Denver City, TX 79323

    $184,500
    32.97 AC lot

    Nearly 33 acres of unrestricted land near Denver City, with a garage structure sold as-is for flexible use.

    View details
    Seminole TX Land Parcel
    Seminole TX Land Parcel

    SW Ave. L, Seminole, TX 79360

    $499,000
    13.00 AC lot

    Large 13-acre parcel suitable for residential development in Seminole, TX.

    View details

    Off-Market Properties in Hobbs, NM

    Consider similar Off-Market properties in Hobbs, 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.

    207 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    207 Townsend Pl, Hobbs, NM 88240-9541

    $125,000
    Estimated value
    4 sqft
    View details
    921 Copper Ave
    MOBILE HOME PARK, TRAILER PARK

    921 Copper Ave, Hobbs, NM 88240-1748

    $295,000
    Estimated value
    1,268 sqft
    View details
    6824 Country Rd
    MOBILE HOME PARK, TRAILER PARK

    6824 Country Rd, Hobbs, NM 88242-0823

    Value Estimation by Request
    View details
    924 Coal Ave
    MOBILE HOME PARK, TRAILER PARK

    924 Coal Ave, Hobbs, NM 88240-1717

    $295,000
    Estimated value
    1,252 sqft
    View details
    200 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    200 Townsend Pl, Hobbs, NM 88240-9549

    Value Estimation by Request
    View details
    228 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    228 Townsend Pl, Hobbs, NM 88240-9549

    Value Estimation by Request
    View details
    115 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    115 Townsend Pl, Hobbs, NM 88240-9526

    Value Estimation by Request
    View details
    1407 Bender Blvd
    MOBILE HOME PARK, TRAILER PARK

    1407 Bender Blvd, Hobbs, NM 88240-9232

    $245,000
    Estimated value
    1.00 AC lot
    View details
    227 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    227 Townsend Pl, Hobbs, NM 88240-9541

    Value Estimation by Request
    View details
    Hobbs, NM 88240
    MOBILE HOME PARK, TRAILER PARK

    Hobbs, NM 88240

    $205,000
    Estimated value
    728 sqft
    View details
    709 Iron Ave
    MOBILE HOME PARK, TRAILER PARK

    709 Iron Ave, Hobbs, NM 88240-1850

    $295,000
    Estimated value
    1,226 sqft
    View details
    203 Taos St Trlr, Unit 1
    MOBILE HOME PARK, TRAILER PARK

    203 Taos St Trlr, Hobbs, NM 88240-1243

    Unit 1
    $230,000
    Estimated value
    1,120 sqft 0.03 AC lot
    View details
    551 Campbell St
    MOBILE HOME PARK, TRAILER PARK

    551 Campbell St, Hobbs, NM 88240-9415

    $310,000
    Estimated value
    1,456 sqft
    View details
    217 Townsend Pl
    MOBILE HOME PARK, TRAILER PARK

    217 Townsend Pl, Hobbs, NM 88240-9541

    Value Estimation by Request
    View details
    2315 Jefferson St
    Multifamily properties

    2315 Jefferson St, Hobbs, NM 88240

    Value Estimation by Request
    View details
    2315 Jefferson St
    Multifamily properties

    2315 Jefferson St, Hobbs, NM 88240

    Value Estimation by Request
    6,330 sqft 0.45 AC lot
    View details
    1307 Snyder St
    Multifamily properties

    1307 Snyder St, Hobbs, NM 88240

    Value Estimation by Request
    2.89 AC lot
    View details
    216 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    216 Victoria Ln, Hobbs, NM 88240-7650

    $215,000
    Estimated value
    896 sqft
    View details
    110 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    110 Victoria Ln, Hobbs, NM 88240-7647

    $215,000
    Estimated value
    896 sqft
    View details
    211 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    211 Victoria Ln, Hobbs, NM 88240-7652

    $215,000
    Estimated value
    896 sqft
    View details
    220 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    220 Victoria Ln, Hobbs, NM 88240-7650

    $230,000
    Estimated value
    1,080 sqft
    View details
    218 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    218 Victoria Ln, Hobbs, NM 88240-7650

    $215,000
    Estimated value
    896 sqft
    View details

    Hobbs, NM Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Hobbs, NM on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 50K
    Population Growth (5Y) +4.5%
    Median Household Income $69,020
    College Educated 12.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.68%
    Property Tax per SF $10.31 per SF
    Tax Rate vs County Average 0.11 pp below county avg
    Average Loan-to-Value 65.0%

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