Residential Income

Milan, NM Residential Income Properties for Sale

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Grants, NM Prewitt, NM Bluewater, NM San Fidel, NM Thoreau, NM
Multifamily Property with House
Updated: Jun 12
Multifamily Property with House

416 hwy 66, Milan, NM 87021

$865,000
22,000 sqft
17 units plus a house on the lot
22,000‑square‑foot property
Zoning designation: Y11
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Duplex with Separate Utility Meters
Updated: May 20, 2025
Duplex with Separate Utility Meters

701 Lava, Milan, NM 87021

$139,000
1,922 sqft 0.38 AC lot
Two residences with 3 bedrooms and 2 bathrooms, and 2 bedrooms and 1 bathroom
1,922 square feet; built in 1977
0.38‑acre lot with room to park a manufactured home
Separate electric and gas meters for each residence
Swamp coolers and metal roof
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2 active listings match your search: Residential Income for sale in Milan, NM. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

10-Unit Apartment Building
10-Unit Apartment Building

201 Lincoln Avenue, Grants, NM 87020

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

A gated courtyard and property-wide mini-split HVAC serve the apartment community.

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Renovated Apartment Building with TPO Roofs
Renovated Apartment Building with TPO Roofs

1035 E High St, Grants, NM 87020

$1,350,000
14,850 sqft

Most units remodeled with new VCT flooring, paint, and updated kitchens; all roofs replaced with TPO within five years.

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Off-Grid Cabin on 20 Acres
Off-Grid Cabin on 20 Acres

Box S Ranch Road lot: 20-23, Ramah, NM 87321

$185,000
20.15 AC lot

Turnkey off-grid cabin with equipment on 20 acres.

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Private Wooded Acres with Cabin
Private Wooded Acres with Cabin

Forest Road 157, Ramah, NM 87321

$89,000
16.40 AC lot

Off-grid log cabin on 16.4 acres with forest access.

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Milan, NM Residential Income Properties Market Trends and Statistics

Explore 2 residential income properties for sale in Milan, NM on our real estate platform. These investment opportunities span a total of 23,922 square feet of properties for sale, with an estimated market value of $1,004,000.

Sale prices for residential investment properties in Milan, NM start at $139,000, averaging $502,000, and reaching up to $865,000 — 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 2
Apartment buildings 1
Duplexes 1

Demographics Overview

Population 3,164
Median Household Income $39,041
College Educated 10.7%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
87021 $502K

Listings Trend

New vs delisted commercial listings in Cibola County

New Delisted

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