Incredible investment in the heart of Downtown Las Cruces with this container duplex with a modern and unique feeling that guests are clamoring for in an Airbnb or vacation rental home. Floor plans vary and there are no traditional bedrooms, but the studio style is well thought out and very well sought after with guests rebooking regularly. Live in one and rent the other for income or run a successful vacation rental business. Call for details on purchasing the adjacent property at 409 Palm
For sale
Price cut: $5K (11/18)
$259,000
405 Palm Ave, Las Cruces, NM 88001
2beds
2baths
960sqft
Est.:
Multi Family
Built in 2018
-- sqft lot
$-- Zestimate®
$270/sqft
$-- HOA
What's special
Studio styleModern and unique feeling
- 208 days |
- 234 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: December 03, 2025 at 08:14am
Listed by:
Padma Valdevit 575-635-6662,
Rethink Real Estate, LLC 575-524-3636
Source: SNMMLS,MLS#: 2501407
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Split Ductless
Cooling
- Refrigerated Split Ductless
Appliances
- Included: Varies, All Appliances Convey
Features
- Flooring: Flooring Foundation Remarks: Painted Plywood
Interior area
- Total structure area: 960
- Total interior livable area: 960 sqft
Property
Parking
- Parking features: Off Site
Features
- Fencing: Container Homes
Lot
- Size: 6,969.6 Square Feet
- Dimensions: .25 to .50 AC
Details
- Parcel number: 4007134182217
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal Containers
Condition
- Good to Excellent
- New construction: No
- Year built: 2018
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
- Amenities included: Off-Street Parking
Location
- Region: Las Cruces
Financial & listing details
- Price per square foot: $270/sqft
- Tax assessed value: $51,500
- Annual tax amount: $489
- Date on market: 5/15/2025
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,252/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Price change | $259,000-1.9%$270/sqft |
Source: SNMMLS #2501407 Report a problem | ||
| 10/25/2025 | Price change | $264,000-1.9%$275/sqft |
Source: SNMMLS #2501407 Report a problem | ||
| 6/18/2025 | Price change | $269,000-52%$280/sqft |
Source: SNMMLS #2501407 Report a problem | ||
| 5/15/2025 | Listed for sale | $560,000+93.1%$583/sqft |
Source: SNMMLS #2501407 Report a problem | ||
| 11/9/2024 | Listing removed | $290,000$302/sqft |
Source: BHHS broker feed #2401516 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $489 -2.3% | $17,166 -65.7% |
| 2015 | $500 +2.4% | $50,055 +3% |
| 2014 | $489 +11.1% | $48,597 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,494/mo
Principal & interest
$1269
Property taxes
$134
Home insurance
$91
Climate risks
Neighborhood: 88001
Nearby schools
GreatSchools rating
- 2/10Booker T. WashingtonGrades: PK-5Distance: 0.4 mi
- 6/10Sierra Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Las Cruces High SchoolGrades: 9-12Distance: 2.3 mi
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