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501 S Avenue G Portales, NM $ 450,000
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$ 450,000 Get more info
501 S Avenue G
$ 450,000
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501 S Avenue G

Portales, NM, 88130
$ 450,000
Bedrooms2 Baths1.0 Sq 4,872

Monthly Estimate*

$ 2,771

501 S Avenue G, Portales, NM 88130 - Image 1
501 S Avenue G, Portales, NM 88130 - Image 2
501 S Avenue G, Portales, NM 88130 - Image 3
501 S Avenue G, Portales, NM 88130 - Image 4
501 S Avenue G, Portales, NM 88130 - Image 5
501 S Avenue G, Portales, NM 88130 - Image 6

Multi-Family Home for sale in Portales, NM

for $450,000 with 2 bedrooms and 1 full bath. This 4,872 square foot home was built in 1977 on a lot size of 0.48.

Offered at an asking price of $450,000, the property generates a compelling 6.77% cap rate, providing investors with immediate cash flow and long-term upside potential. Fully remodeled within the last five years, this six-unit property consists of three duplexes situated on a single lot and is 100% occupied as of February 2026. Featuring all 2-bedroom, 1-bathroom units, the property benefits from strong historical occupancy driven by its location less than a half-mile from Eastern New Mexico University, making it an attractive and proven student housing investment.

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Multi-Family Active

Price

$ 450,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 2,734

Style

Lot Size

0.48

Year Built

1977

Town/City

Portales

County/Region

Roosevelt

MLS | Web ID

1104787
Features
General
Heating Forced Air
Cooling Refrigerated
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Free-Standing Gas Range Microwave Refrigerator
Year Built 1977
Tenant Pays Electricity Gas Sewer Water
Stories Count 1
Levels One
Property Subtype Multi Family
County Roosevelt
New Construction false
Property Type Residential Income
Green Energy Generation None
Status Active
Directions From US-70 in Portales head south on S Main Ave. Turn west on W 5th Street then south on S Avenue G. Property is located on the west side of S Avenue G at 501 S Avenue G.
City Portales
Disclosures Lead Based Paint Disclosure RANM 2100 Disclosure
Zoning Description R-1
Number Of Units Total 6
MLS Area 580 - Roosevelt
Lot Size Square Feet 21000
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 2734.88
Property Condition Resale
Builder Name N/A
Standard Status Active
Year Built Source Public Records
Total Actual Rent 4140
Property Sub Type Additional Multi Family
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Interior
Flooring Vinyl
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 2
Total Baths 1
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Exterior
Number of Buildings 3
Building Area Total 4872
Lot Size Acres 0.48
Lot Size Source Public Records
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* Excluded Features
List By
Luke Scarpa

Listing Agent

Nai Sunvista Commercial Re

Broker

luke@sunvista.com

Email

Affordability Calculator

$2,999
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$228
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/4/2026$450,000 Listed Price

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501 S Avenue G, Portales, NM, 88130 is a Multi-Family Home for sale at $450,000 with 4,872 sqft and a lot size of 0.48. 501 S Avenue G has 2 bedrooms, 1.0 baths, and was built in 1977. The property's zip code is 88130 which is in Portales, NM

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