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    Hobbs, NM
    Residential Income

    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
    Sunrise Apartments Multifamily Investment Opportunity
    Updated: Mar 12
    Sunrise Apartments Multifamily Investment Opportunity

    1515 E Scharbauer Street, Hobbs, NM 88240

    $3,300,000
    Strong in‑place income with $440,880 actual rental income in 2025.
    Desirable unit mix with larger floorplans, including 16 three‑bedroom units.
    Convenient access and visibility near Seminole Highway.
    Stabilized multifamily investment opportunity with reliable cash flow.
    Amenities include a community swimming pool, on‑site leasing office, and shared laundry facility.
    View details
    Multifamily Property with Owner Finance
    Updated: Oct 1, 2024
    Multifamily Property with Owner Finance

    210 W Dunnam Street, Hobbs, NM 88240

    $1,200,000
    Owner financing available
    Opportunity to add more units on the bottom story
    15 Units already in place
    Average rent of $900 per month per unit
    Existing rental income
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, 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.

    Duplex Income Property
    Duplex Income Property

    404 SE 6th St, Andrews, TX 79714

    $309,500
    3,552 sqft 0.26 AC lot

    Residential income property with wood-burning fireplaces, washer/dryer connections, and HVAC across multiple units.

    View details
    100% Occupied Multifamily Investment
    100% Occupied Multifamily Investment

    406 SE 6th St, Andrews, TX 79714

    $309,500
    3,552 sqft 0.26 AC lot

    Multifamily property with wood-burning fireplaces and washer/dryer connections, with some units including dishwashers.

    View details
    Residential Income Duplex
    Residential Income Duplex

    406 E Buckley Street, Brownfield, TX 79316

    $105,000
    1,367 sqft 0.24 AC lot

    For sale duplex property in Brownfield, TX, offering residential income potential for investors or owner-operators.

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

    2147 County Road 600, Brownfield, TX 79316

    $350,000
    2.50 AC lot

    For sale on 2.5 acres, featuring 13 full-hookup RV sites and a 16x76 mobile home.

    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.

    10 Acres Near State Line
    10 Acres Near State Line

    Seminole, TX 79360

    $75,000
    10.01 AC lot

    10-acre tract near NM/TX line with open space.

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    Residential Land in Seminole, TX
    Residential Land in Seminole, TX

    Seminole, TX 79360

    $50,000
    1.17 AC lot

    1.17 acres of land for custom homes near Seminole.

    View details
    Unrestricted Land Near Denver City
    Unrestricted Land Near Denver City

    County Road 217, Denver City, TX 79323

    $95,000
    10.01 AC lot

    10 acres of unrestricted land between Denver City and Seagraves.

    View details
    Residential Lot in Growing Subdivision
    Residential Lot in Growing Subdivision

    TBD 80 Private Rd 320 lot: K, Seminole, TX 79360

    $32,000
    1.21 AC lot

    1.21-acre residential lot 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

    Value Estimation by Request
    4 sqft
    View details
    921 Copper Ave
    MOBILE HOME PARK, TRAILER PARK

    921 Copper Ave, Hobbs, NM 88240-1748

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    1.00 AC lot
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    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

    Value Estimation by Request
    728 sqft
    View details
    709 Iron Ave
    MOBILE HOME PARK, TRAILER PARK

    709 Iron Ave, Hobbs, NM 88240-1850

    Value Estimation by Request
    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
    Value Estimation by Request
    1,120 sqft 0.03 AC lot
    View details
    551 Campbell St
    MOBILE HOME PARK, TRAILER PARK

    551 Campbell St, Hobbs, NM 88240-9415

    Value Estimation by Request
    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

    Value Estimation by Request
    896 sqft
    View details
    110 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    110 Victoria Ln, Hobbs, NM 88240-7647

    Value Estimation by Request
    896 sqft
    View details
    211 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    211 Victoria Ln, Hobbs, NM 88240-7652

    Value Estimation by Request
    896 sqft
    View details
    220 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    220 Victoria Ln, Hobbs, NM 88240-7650

    Value Estimation by Request
    1,080 sqft
    View details
    218 Victoria Ln
    MOBILE HOME PARK, TRAILER PARK

    218 Victoria Ln, Hobbs, NM 88240-7650

    Value Estimation by Request
    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. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $4,500,000.

    Sale prices for residential income properties in Hobbs, NM start at $1,200,000, averaging $2,250,000, and reaching up to $3,300,000 — 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

    Apartment buildings 2
    Multifamily properties 2

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    88240 $1.4M

    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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