201 Lincoln Avenue Grants, NM ^$ 1,100,000

201 Lincoln Avenue

^$ 1,100,000

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201 Lincoln Avenue

Grants, NM, 87020

^$ 1,100,000

Bedrooms20 Baths10.0 Sq 7,090

Monthly Estimate*

^$ 6,946

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Multi-Family Home for sale in Grants, NM

for $1,100,000 with 20 bedrooms and 10 full baths. This 7,090 square foot home was built in 1976 on a lot size of 0.4.

Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.

Multi-Family Active

Price

^$ 1,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,382

Style

Lot Size

0.4

Year Built

1976

Town/City

Grants

County/Region

Cibola

MLS | Web ID

1106959

Features

General

Heating Ductless

Cooling Ductless

Utilities Electricity Available Natural Gas Available Water Connected

Appliances Free-Standing Gas Range Disposal Microwave Refrigerator

Security Features Security Gate

Construction Materials Brick Frame

Year Built 1976

Tenant Pays Electricity Gas

Stories Count 1

Levels One

Property Subtype Multi Family

Gross Income 129000

County Cibola

Operating Expense 41000

New Construction false

Property Type Residential Income

Green Energy Generation None

Status Active

Directions on U.S. RT 66 take a right onto 1st St make a right at Lincoln Ave

City Grants

Disclosures Lead Based Paint Disclosure Principal is Real Estate Licensed RANM 2100 Disclosure

Zoning Description M-R

Number Of Units Total 10

MLS Area 390 - Cibola

Lot Size Square Feet 17424

Listing Terms Cash Conventional

Tax Annual Amount 6382

Property Condition Resale

Additional Parcels Y/N true

Builder Name Unknown

Standard Status Active

Year Built Source Appraiser

Total Actual Rent 7950

Property Sub Type Additional Multi Family

Interior

Flooring Carpet Free Vinyl

Air Conditioning Y/N true

Heating Y/N true

Laundry Features Washer Hookup Dryer Hookup GasDryer Hookup In Unit

Total Bedrooms 20

Total Baths 10

Exterior

Exterior Amenities Landscaping Lighting

Total Parking 20

Number of Buildings 1

Building Area Total 7090

Lot Size Acres 0.4

Lot Size Source Appraiser

* Excluded Features

List By

Diana Leal

Listing Agent

Albuquerque - Weichert, Realtors® - Image

Broker

Affordability Calculator

$7,477

Per Month

Monthly Principal & Interest: $6,946
Monthly Property Taxes: $532
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Grants, NM

Average List Price ^$427,500

Percent of Sale Price 61%

About Grants, NM

9,380 Population

2% Since 2002

^$35,053 Median Income

36.03 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
7/9/2026	$1,100,000		Listed Price

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201 Lincoln Avenue, Grants, NM, 87020 is a Multi-Family Home for sale at $1,100,000 with 7,090 sqft and a lot size of 0.4. 201 Lincoln Avenue has 20 bedrooms, 10.0 baths, and was built in 1976. The property's zip code is 87020 which is in Grants, NM

Each Weichert® Franchised Office Is Independently Owned and Operated

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 7/16/2026.

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201 Lincoln Avenue

Multi-Family Home for sale in Grants, NM

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