CALLING ALL INVESTORS! Don't miss this fantastic opportunity to own a well-maintained income-producing fourplex with strong rental history and long-term potential! All four units have new exterior stucco paint and REFRIGERATED AIR, and each have their own back yard. Three out of the four units have been recently updated with beautiful tile floors, granite countertops, modern undermount kitchen sinks, and new windows! Newly landscaped in front, creating great curb appeal! Each unit also has two parking spaces conveniently located right in front of each unit, plus additional guest parking. This versatile property is perfect for a seasoned investor, multi-generational setup, or an owner-occupant looking to live in one unit while collecting rental income from the others. With its excellent rental appeal and reliable cash flow, this fourplex is a must-have addition to your portfolio.
For sale
Price cut: $18K (12/6)
$432,000
1201 E Griggs Ave, Las Cruces, NM 88001
8beds
4baths
3,600sqft
Est.:
Quadruplex, Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$120/sqft
$-- HOA
What's special
Curb appealNewly landscaped in frontNew exterior stucco paintModern undermount kitchen sinksGranite countertopsBeautiful tile floorsNew windows
- 47 days |
- 548 |
- 32 |
Zillow last checked: 8 hours ago
Listing updated: December 06, 2025 at 10:44am
Listed by:
Mary Jane McNeil 575-520-8580,
BHGRE Steinborn & Associates 575-522-3698,
Van A Bullock 575-649-2213,
BHGRE Steinborn & Associates
Source: SNMMLS,MLS#: 2503336
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Natural Gas Available, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Convey But Not Warranted
Features
- Flooring: Flooring Foundation: Ceramic Tile
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: Paved, On Street
- Has uncovered spaces: Yes
Features
- Fencing: Chain Link,Rock
Lot
- Size: 0.33 Acres
- Dimensions: .25 to .50 AC
Details
- Parcel number: 4008135024123
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- See Remarks
Condition
- Good to Excellent
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Dean Subdivision
HOA
- Has HOA: No
- Amenities included: See Remarks
Location
- Region: Las Cruces
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $293,942
- Annual tax amount: $2,984
- Date on market: 10/24/2025
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2025 | Price change | $432,000-4%$120/sqft |
Source: SNMMLS #2503336 Report a problem | ||
| 10/24/2025 | Listed for sale | $450,000$125/sqft |
Source: SNMMLS #2503336 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,984 +22.5% | $97,980 +24.4% |
| 2023 | $2,435 -1.4% | $78,748 |
| 2022 | $2,470 +0.3% | $78,748 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,491/mo
Principal & interest
$2117
Property taxes
$223
Home insurance
$151
Climate risks
Neighborhood: 88001
Nearby schools
GreatSchools rating
- 5/10Hermosa Hgts Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Lynn Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Las Cruces High SchoolGrades: 9-12Distance: 1.4 mi
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