About 501 S Avenue G
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.
Residential Income property for sale in Portales, NM at 501 S Avenue G. This 2 bedroom Residential Income property is priced at $92/sqft
Features of 501 S Avenue G
| MLS® # | 1104787 |
|---|---|
| Price | $450,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Square Footage | 4,872 |
| Acres | 0.48 |
| Year Built | 1977 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information: Portales
| Address | 501 S Avenue G |
|---|---|
| Area | 580 - Roosevelt |
| City | Portales |
| County | Roosevelt |
| State | NM |
| Zip Code | 88130 |
Amenities of 501 S Avenue G
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior of 501 S Avenue G
| Interior | Vinyl |
|---|---|
| Appliances | Free-Standing Gas Range, Microwave, Refrigerator |
| Heating | Forced Air |
| Cooling | Refrigerated |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information On 501 S Avenue G
| Date Listed | June 4th, 2026 |
|---|---|
| Days on Market | 98 |
| RE / Bank Owned | No |
Listing Details
| Office | NAI SunVista Commercial RE |
|---|