1231 5th Street Las Vegas, NM $ 320,000
1231 5th Street
$ 320,000
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1231 5th Street

Las Vegas, NM, 87701
$ 320,000
Bedrooms3 Baths2.0

Monthly Estimate*

$ 1,970

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Multi-Family Home for sale in Las Vegas, NM

for $320,000 with 3 bedrooms and 2 full baths. This home was built in 1941 on a lot size of 0.18.

Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history. The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails. Located near New Mexico Highlands University.

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Multi-Family Active

Price

$ 320,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,233

Style

Lot Size

0.18

Year Built

1941

Town/City

Las Vegas

County/Region

San Miguel

MLS | Web ID

1099154

Features
General
Heating Electric Wall Furnace
Cooling None Ceiling Fan(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Dryer Dishwasher Microwave Refrigerator Washer
Construction Materials Brick Block Frame
Year Built 1941
Tenant Pays Electricity Gas Sewer Trash Collection Water
Stories Count 2
Levels Two
Property Subtype Multi Family
County San Miguel
New Construction false
Property Type Residential Income
Subdivision Name Jose A & Aniceto Baca
Green Energy Generation None
Status Active
Directions From I-25 Northbound (Coming from Santa Fe) Take Exit 343 (I-25 Bus/NM-283/NM-329) toward Las Vegas. Turn left from the off-ramp onto Grand Ave. Continue on Grand Ave for approximately 0.8 miles. Turn left onto W National Ave. Turn right onto 5th St. The property will be on your left at 1231 5th St just past the schools.
City Las Vegas
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-1
Number Of Units Total 2
MLS Area 600 - San Miguel
Lot Size Square Feet 7764
Listing Terms Cash Conventional FHA VA Loan
Year Built Details approximate age
Tax Annual Amount 2233.96
Property Condition Resale
Builder Name unknown
Standard Status Active
Year Built Source Public Records
Property Sub Type Additional Multi Family
Legal Description Subd: Jose A. & Aniceto Baca Lot: 29-30 Block: 4 Tract: 29-30 S: 23 T: 16 R: 16
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Carpet Tile Wood
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Washer Hookup Dryer Hookup In Unit
Total Bedrooms 3
Unit Type Manager's Unit
Total Baths 2
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Exterior
Number of Buildings 2
Lot Size Acres 0.18
Lot Size Source Public Records
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* Excluded Features
List By
Geneva Ashley Riggs

Listing Agent

Homesmart Realty Pros

Broker

genevariggsrealestate@gmail.com

Email

Affordability Calculator

$2,156
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$186
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2026$320,000 Listed Price

Map


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1231 5th Street, Las Vegas, NM, 87701 is a Multi-Family Home for sale at $320,000 with a lot size of 0.18. 1231 5th Street has 3 bedrooms, 2.0 baths, and was built in 1941. The property's zip code is 87701 which is in Las Vegas, NM