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    Las Cruces, NM Triplexes for Sale

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    Mesilla, NM La Mesa, NM Dona Ana, NM Mesquite, NM Organ, NM Vado, NM Radium Springs, NM Berino, NM
    Three-Unit Multifamily Property
    Updated: Aug 1
    Three-Unit Multifamily Property

    703 Athenian Way, Las Cruces, NM 88011

    $750,000
    4,604 sqft
    Three‑unit triplex with 3 bedrooms and 2 bathrooms per unit
    Approximately 1,535 square feet of living space in each unit
    100% occupied
    Built in 2001
    Current rents are below market value
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    This listing looks promising.

    Here's a quick look at some key insights for

    703 Athenian Way, Las Cruces, NM 88011

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    • Est. Cap Rate

      4.1%
      NOI ÷ price

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $444K
      Suggested

    • Property Type

      Boarding/Rooming House, Apt Hotel
      Built 2001
    View Property Analytics
    Triplex with Three-Bedroom Main Unit
    Updated: Jun 12
    Triplex with Three-Bedroom Main Unit

    439 N Alameda Blvd, Las Cruces, NM 88005

    $265,000
    3,112 sqft
    Triplex configuration with one three‑bedroom unit, one two‑bedroom unit, and one one‑bedroom unit
    3,112 SF multifamily property built in 1920
    Three‑bedroom main unit includes a two‑car garage
    Each unit has designated parking and mini‑split refrigerated air
    All appliances are included across the property
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    Three-Unit Triplex with Full Occupancy
    Three-Unit Triplex with Full Occupancy

    703 Athenian Way #A, B, And C, Las Cruces, NM 88011

    $750,000

    All three units are leased and provide spacious three-bedroom, two-bath layouts in the Foothills area.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Las Cruces, NM, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Brick Triplex
    Brick Triplex

    10247 CALCUTTA Drive, Socorro, TX 79927

    $185,000
    1,612 sqft 0.16 AC lot

    One 2-bedroom and two 1-bedroom units, currently vacant, in M3 zoning.

    View details
    Triplex with Two Leased Units
    Triplex with Two Leased Units

    3905 LEAVELL Avenue, El Paso, TX 79904

    $315,000
    1,924 sqft 0.14 AC lot

    R1-zoned triplex with two leased units and seller-paid utilities, including Wi-Fi and exterior security equipment.

    View details
    Vacant Triplex with Unit Mix
    Vacant Triplex with Unit Mix

    10247 Calcutta Dr, Socorro, TX 79927

    $185,000
    1,612 sqft

    Three-unit residential property includes two one-bedroom residences and one two-bedroom residence.

    View details
    Triplex with Leased Units
    Triplex with Leased Units

    3905 Leavell Ave, El Paso, TX 79904

    $315,000
    1,924 sqft

    Three-unit income property with two leased units and seller-paid utilities, Wi-Fi, and security equipment.

    View details

    Las Cruces, NM Triplexes Market Trends and Statistics

    Explore 3 triplexes for sale in Las Cruces, NM, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 7,716 square feet of properties for sale, with an estimated market value of $1,765,000.

    Sale prices for three-family homes in Las Cruces, NM start at $265,000, averaging $588,333, and reaching up to $750,000 — 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 13
    Duplexes 12
    Quadplexes 3
    Triplexes 3
    Mobile home & RV parks 2

    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 $265K

    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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    Popular Searches in Las Cruces, NM

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    Most Searched ZIP Codes in Las Cruces, NM

    • 88011
    • 88005

    Featured Las Cruces Real Estate Agencies

    Realmo connects you with licensed Las Cruces CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Realty Las Cruces
    3780 Foothills Road, Suite C Las Cruces, NM 88011
    Phone: 15755270880
    KellerWilliamsLasCruces.com

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