Home For Sale In Las Cruces, New Mexico

house for sale

Listed: 04/01/24

1400 S Espina St, Las Cruces, New Mexico, 88001

28 Bed:

18 Bath:

10,389 Sq Ft Living Area:

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Price

$ 3,28M

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About This House

Looking for a moneymaker with room to increase rents and income? This 18-unit complex near New Mexico State University may be the one! The property consists of 10 two bedroom and 8 one bedroom units situated in 6 buildings with individual washer and dryer hookups, heat, air and utilities. Current rents are below HUD Fair Market Rents in the 88001 zip code, which are $890 per month for 1 Brs and$1, 000for 2 Brs, If that's not enticing enough, the owner will finance the purchase. This is a terrific opportunity.

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Houses for sale in Las Cruces

Original listing

Las Cruces Housing & Living

Average sale prices for houses

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Jun 2024	$323,174 (-3.1%)
May 2024	$333,376 (-0.3%)
Apr 2024	$334,297 (+9.5%)
Mar 2024	$305,274 (0%)
Feb 2024	$305,274 (0%)
Jan 2024	$305,274 (-3%)

In June 2024, the asking price for 3 bed houses for sale in/near Las Cruces, United States averaged $323,174, a decrease of 3.1% from the previous month.

Median price trends for properties for sale in Las Cruces, United States as of June 2024.

Household Income

Median household income: $40,924

Number of households: 39,809

The average household income in Las Cruces, NM declined from $41,215 to $40,924 in the past year. This data is an estimate based upon 39,809 households in Las Cruces, NM.
The chart below presents how household income is distributed in Las Cruces, NM in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Las Cruces, NM compared to median property taxes around the country. The prevalent amount of property taxes in Las Cruces, NM equals $800-$1,500 , which is less than the national average.