Las Cruces, NM Residential Income Properties for Sale

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Mesilla, NM La Mesa, NM Dona Ana, NM Mesquite, NM Vado, NM Radium Springs, NM Berino, NM Anthony, NM

14 properties

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Updated: Apr 2

Las Cruces Multifamily Investment Property

311 Hurt Road, Las Cruces, NM 88007

$800,000

2.71 AC lot

5 income‑producing units on 2.71 acres offer a steady revenue stream
Fully secured property with rock wall perimeter and single entrance/exit
Duplex units feature open floor plans, kitchen appliances, washer/dryer, patio, and backyard porch
Solar panels provide energy efficiency
Tenants responsible for all utilities (electric, water, cable, gas)

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Updated: Jun 8

Luxury Brand-New Fourplex

1323 Mission Nuevo Drive, Las Cruces, NM 88011

$1,300,000

0.26 AC lot

Brand‑new 2026 construction luxury fourplex (under construction) with no HOA reported
Four identical units, each with 1,742 heated SF across a spacious two‑story layout
Each unit offers 4 bedrooms and 2.5 bathrooms with modern gourmet kitchens and brand‑new appliances
Climate comfort: central air plus refrigerated air conditioning in every unit, with forced‑air natural gas heating
Each unit has its own double‑car garage, and utilities are individually metered

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Fully Renovated 10-Unit Apartment Building

1630 Wyoming Avenue, Las Cruces, NM 88001

$1,295,000

0.43 AC lot

Turnkey 10-unit complex with renovated interiors and recent exterior and systems updates.

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Downtown Las Cruces Development Opportunity

1995 N Solano Dr, Las Cruces, NM 88001

$79,000

0.10 AC lot

Small lot ideal for retail, office, or apartment development.

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Eight-Unit Multifamily Property

809 W Van Patten Avenue, Las Cruces, NM 88005

$315,000

0.57 AC lot

Six rear apartment units plus a detached home and studio at the front, with ample on-site parking and a renovated vacant unit.

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3BR/2BA Duplex Income Property

705 Cactus, Las Cruces, NM 88001

$295,000

0.17 AC lot

Duplex with two units, each offering three bedrooms and two bathrooms and separate utility responsibility for tenants.

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3BR/2BA Duplex Investment

1362 Santa Fe, Las Cruces, NM 88001

$295,000

0.17 AC lot

Duplex for sale with two 3-bedroom, 2-bath units, each separately rented and tenant-paid utilities.

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Mixed-Use Property with Residential Units

4001 W Picacho Avenue, Las Cruces, NM 88007

$450,000

0.22 AC lot

Multi-tenant property with commercial and residential spaces, parking, courtyard.

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Three-Unit Income Property

439 N Alameda Boulevard, Las Cruces, NM 88005

$265,000

0.21 AC lot

Three separate units each include designated parking, mini-split refrigerated air, and included appliances.

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Residential Income Duplex Property

306 S San Pedro Street, Las Cruces, NM 88001

$242,000

0.12 AC lot

Two income-producing homes in the Mesquite Historic District with separate yards, storage, and natural gas heating.

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Roadrunner Parkway Multifamily Development Site

Roadrunner Pkwy, Las Cruces, NM 88012

$1,045,000

Development site suitable for assisted living or apartments.

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1971 Duplex With Two Parcels

1029 N Melendres Street, Las Cruces, NM 88005

$270,000

0.32 AC lot

Duplex on two zero-lot-line parcels with two units, separate living areas, and evaporative coolers.

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Duplex with Attached Garages

955 Executive Place, Las Cruces, NM 88011

$275,000

0.18 AC lot

Well-maintained duplex offering two residential units with refrigerated air, private backyard space, and attached single-car garages.

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As-Is Duplex with Two Units

342 E May Avenue, Las Cruces, NM 88001

$130,000

0.07 AC lot

Duplex for sale in Las Cruces offered as-is, with one unit in decent condition and another requiring work and fixtures.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 14 Active listings in Las Cruces, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 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.

Eight-Unit Income Multifamily Property

925 Vinton Avenue, Canutillo, TX 79835

$1,500,000

2,604 sqft 3.90 AC lot

Eight-unit multifamily with 3.9 acres and detached garage, currently producing about $93,000 gross annual rent.

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Three-Unit Residential Income Property

7080 Second Street, Canutillo, TX 79835

$140,000

1,800 sqft 0.10 AC lot

Three separate units with private entrances and dedicated parking, offered as an as-is fixer-upper for income or multigenerational living.

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Pecan Orchard with Casita

3025/3035 W O'Hara Road, Anthony, NM 88021

$1,250,000

15.38 AC lot

15.38 acres with pecan orchard, main house, and casita.

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Anthony, NM Multifamily Opportunity

370 E Ohara Road, Anthony, NM 88021

$450,000

2.75 AC lot

Three apartment buildings, a house, and ample space on 2.75 acres.

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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.

Land in Las Cruces, NM

5025 Saddle Mountain Road, Las Cruces, NM 88012

$350,000

5.00 AC lot

Five acres of land with utilities at street.

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Las Cruces Commercial Land Available

7125 Jornada N, Las Cruces, NM 88012

$500,000

8.22 AC lot

8.22 acres of commercial land in Las Cruces, NM.

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Las Cruces Land For Sale

5906 El LLano Road, Las Cruces, NM 88012

$225,000

3.29 AC lot

3.29 acres of land ideal for housing development.

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Las Cruces Land For Sale

4150 Chia Court, Las Cruces, NM 88011

$159,000

1.05 AC lot

One acre homesite near Organ Mountains, Las Cruces, NM.

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Off-Market Properties in Las Cruces, NM

Consider similar Off-Market properties in Las Cruces, 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.

BOARDING/ROOMING HOUSE

2884 Roadrunner Pkwy, Las Cruces, NM 88011-0853

$8,865,000

Estimated value

171,770 sqft 16.38 AC lot

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BOARDING/ROOMING HOUSE

866 Lettuce Ln, Las Cruces, NM 88001

$670,000

Estimated value

6,895 sqft 0.41 AC lot

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BOARDING/ROOMING HOUSE

2200 Vly Dr, Las Cruces, NM 88005-3140

Value Estimation by Request

5,137 sqft 1.01 AC lot

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BOARDING/ROOMING HOUSE

1091 Branson Ave, Las Cruces, NM 88001-5477

Value Estimation by Request

1,600 sqft 0.20 AC lot

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BOARDING/ROOMING HOUSE

2802 Corte Diosa-d, Las Cruces, NM 88011-8140

$525,000

Estimated value

5,488 sqft 4.00 AC lot

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BOARDING/ROOMING HOUSE

2105 Espina St, Las Cruces, NM 88001-5550

$660,000

Estimated value

9,490 sqft 0.84 AC lot

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BOARDING/ROOMING HOUSE

2015 Enzie Dr, Las Cruces, NM 88001-5291

Value Estimation by Request

3,080 sqft 0.41 AC lot

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BOARDING/ROOMING HOUSE

2108 Solano Dr, Las Cruces, NM 88001-5553

$590,000

Estimated value

6,087 sqft 1.04 AC lot

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BOARDING/ROOMING HOUSE

255 Madrid Ave, Las Cruces, NM 88005-1749

Value Estimation by Request

3,696 sqft 0.69 AC lot

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BOARDING/ROOMING HOUSE

4260 Northrise Dr, Las Cruces, NM 88011-7299

$540,000

Estimated value

5,126 sqft 12.74 AC lot

View details

Las Cruces, NM Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Las Cruces, NM, showcased through 14 active listings 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 $4,941,000.

Sale prices for residential income properties in Las Cruces, NM start at $79,000, averaging $494,100, and reaching up to $1,300,000 — 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

Demographics Overview

Population 159K

Population Growth (5Y) +10.5%

Median Household Income $57,444

College Educated 43.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
88005	$457.2K
88007	$506.3K
88001	$550K
88012	$602.5K
88011	$1.3M

Taxes & Financing

Tax Rate (average for all types) 3.37%

Property Tax per SF $72.66 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Dona Ana County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Las Cruces fall within the 100,000+ square foot range.

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Las Cruces, NM Residential Income Properties for Sale

311 Hurt Road, Las Cruces, NM 88007

1323 Mission Nuevo Drive, Las Cruces, NM 88011

1630 Wyoming Avenue, Las Cruces, NM 88001

1995 N Solano Dr, Las Cruces, NM 88001

809 W Van Patten Avenue, Las Cruces, NM 88005

705 Cactus, Las Cruces, NM 88001

1362 Santa Fe, Las Cruces, NM 88001

4001 W Picacho Avenue, Las Cruces, NM 88007

439 N Alameda Boulevard, Las Cruces, NM 88005

306 S San Pedro Street, Las Cruces, NM 88001

Roadrunner Pkwy, Las Cruces, NM 88012

1029 N Melendres Street, Las Cruces, NM 88005

955 Executive Place, Las Cruces, NM 88011

342 E May Avenue, Las Cruces, NM 88001

Opportunities in Nearby Cities

925 Vinton Avenue, Canutillo, TX 79835

7080 Second Street, Canutillo, TX 79835

3025/3035 W O'Hara Road, Anthony, NM 88021

370 E Ohara Road, Anthony, NM 88021

Potential Development Sites for Consideration

5025 Saddle Mountain Road, Las Cruces, NM 88012

7125 Jornada N, Las Cruces, NM 88012

5906 El LLano Road, Las Cruces, NM 88012

4150 Chia Court, Las Cruces, NM 88011

Off-Market Properties in Las Cruces, NM

2884 Roadrunner Pkwy, Las Cruces, NM 88011-0853

866 Lettuce Ln, Las Cruces, NM 88001

2200 Vly Dr, Las Cruces, NM 88005-3140

1091 Branson Ave, Las Cruces, NM 88001-5477

2802 Corte Diosa-d, Las Cruces, NM 88011-8140

2105 Espina St, Las Cruces, NM 88001-5550

2015 Enzie Dr, Las Cruces, NM 88001-5291

2108 Solano Dr, Las Cruces, NM 88001-5553

255 Madrid Ave, Las Cruces, NM 88005-1749

4260 Northrise Dr, Las Cruces, NM 88011-7299

Las Cruces, NM Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Property Size Breakdown

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