701 Lava Milan, NM ^$ 139,000

701 Lava

^$ 139,000

Back to search

701 Lava

Milan, NM, 87021

^$ 139,000

Bedrooms3 Baths2.0 Sq 1,922

Monthly Estimate*

^$ 867

Multi-Family Home for sale in Milan, NM

for $139,000 with 3 bedrooms and 2 full baths. This 1,922 square foot home was built in 1977 on a lot size of 0.38.

This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.

Multi-Family Active

Price

^$ 139,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 584

Style

Lot Size

0.38

Year Built

1977

Town/City

Milan

County/Region

Cibola

MLS | Web ID

1084438

Features

General

Heating Central Forced Air

Cooling Evaporative Cooling

Utilities Cable Available Electricity Connected Natural Gas Connected Water Connected

Appliances Refrigerator

Construction Materials Frame Stucco

Year Built 1977

Tenant Pays Electricity Gas

Stories Count 1

Levels One

Property Subtype Duplex

County Cibola

New Construction false

Property Type Residential Income

Subdivision Name N/A

Green Energy Generation None

Status Active

Directions Heading northwest on San Jose toward 3rd St. Turn right on 5th St. Turn left onto I-40/ W Sante Fe Ave/ U.S. Rte. 66. Turn left onto Milan St. Turn right onto Lava Ave. Sign on property.

City Milan

Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure

Zoning Description R-1

Number Of Units Total 2

MLS Area 390 - Cibola

Lot Size Square Feet 16553

Listing Terms Cash Conventional FHA

Tax Annual Amount 584.14

Property Condition Resale

Builder Name Unknown

Standard Status Active

Year Built Source Owner

Property Sub Type Additional Duplex

Interior

Flooring Carpet Tile

Basement (Y/N) false

Air Conditioning Y/N true

Heating Y/N true

Total Bedrooms 3

Total Baths 2

Exterior

Number of Buildings 1

Building Area Total 1922

Lot Size Acres 0.38

Lot Size Source Estimated

* Excluded Features

List By

Anna T Carabajal

Listing Agent

Realty One Of New Mexico

Broker

anncarabajal@gmail.com

Affordability Calculator

$916

Per Month

Monthly Principal & Interest: $867
Monthly Property Taxes: $49
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Milan, NM

Average List Price ^$139,000

Percent of Sale Price 0%

About Milan, NM

3,192 Population

44% Since 2002

^$38,363 Median Income

37.58 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/16/2025	$139,000		Listed Price

Map

More homes like this one

homes for you

See all

701 Lava, Milan, NM, 87021 is a Multi-Family Home for sale at $139,000 with 1,922 sqft and a lot size of 0.38. 701 Lava has 3 bedrooms, 2.0 baths, and was built in 1977. The property's zip code is 87021 which is in Milan, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/6/2025.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

701 Lava

Multi-Family Home for sale in Milan, NM

Affordability Calculator

Map

More homes like this one

Get more info about this home