For sale

$495,000

1515 W 18th St, Portales, NM 88130

--beds

--baths

--sqft

Est.:

Multi Family

Built in ----

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Metal roofCovered porchesComposition roofLarge walk-in closetElectric rangeCentral heat and air

ATTENTION INVESTORS! Great opportunity to own an eight-door apartment complex with consistently low turnover. Each unit features one bedroom, one bathroom, and a large walk-in closet. Kitchens come equipped with an electric range and refrigerator. Building 1 has a metal roof, while Building 2 features a composition roof. Utilities are separately metered, and tenants pay their own utilities. Each apartment offers central heat and air plus covered porches for added comfort. The property also includes 20 concrete block storage units (each approximately 10x10) with concrete foundations and metal roofs—a great additional income source or tenant amenity. Situated on a large lot with room to expand, this property offers excellent potential for future growth. Call today for more information!

40 days

56

2

Tour with a local agent

Facts & features

Interior

Heating

Forced Air

Cooling

Electric, Central Air, Refrigerated

Appliances

Included: Free-Standing Range, Refrigerator, Electric Water Heater
Laundry: None

Features

Walk-In Closet(s)
Flooring: Carpet, Laminate, Vinyl
Has fireplace: No

Property

Features

Levels: One
Stories: 1

Lot

Size: 0.92 Acres

Details

Additional structures: Shed(s)
Parcel number: 100100000014900

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Metal,Pitched,Shingle

Utilities & green energy

Electric: Separate Meters
Gas: Meters(Gas Separate)
Water: City, Separate Meters
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

Community & HOA

Community

Features: Onsite Storage
Security: Audio/Video Surveillance

HOA

Has HOA: No

Location

Region: Portales

Financial & listing details

Tax assessed value: $232,891
Annual tax amount: $4,143
Date on market: 10/31/2025
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/31/2025	Listed for sale	$495,000
Source: New Mexico MLS #20256251 Report a problem
10/1/2024	Listing removed	$600
Source: New Mexico MLS #20244890 Report a problem
8/29/2024	Listed for rent	$600
Source: New Mexico MLS #20244890 Report a problem