2306 S Espina Street Las Cruces, NM 88001
Listing Courtesy of: LAS CRUCES - IDX / Better Homes And Gardens Real Estate Steinborn & Associates / Jeremiah Lay / Better Homes and Gardens Real Estate Steinborn & Associates / Lauren "Cali" Lay

  2306 S Espina Street Las Cruces, NM 88001

Pending
$4,850,000 (USD)
1.52
ACRES
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Description

Prime Investment Opportunity - 43-Unit Apartment Complex Near NMSU.Unlock the potential of this 43-unit multifamily complex ideally located just three blocks from New Mexico State University. With a well-balanced unit mix of 24 one-bedroom and 19 two-bedroom units, the property is tailored to meet a strong demand from students, faculty, and local professionals alike. Tenants enjoy ample on-site parking, a convenient laundry facility, and quick access to campus, retail, dining, and public transit. The layout and location make this asset an attractive, income-generating opportunity with long-term upside in one of the city's most in-demand rental corridors.

MLS #:
2501488
Lot Size
1.52 acres
Type
Land
Year Built
1994
County
Doña Ana County

Listed By

Jeremiah Lay, Better Homes And Gardens Real Estate Steinborn & Associates
Lauren "Cali" Lay, Better Homes and Gardens Real Estate Steinborn & Associates
Source
LAS CRUCES - IDX
Last checked Nov 30 2025 at 3:30 PM MST
Bathroom Details
Interior Features
  • Appliances: Refrigerator
  • Appliances: Dishwasher
  • Appliances: on-Site Laundry Facility
Subdivision
  • N/A
Property Features
  • Foundation: Slab
Heating and Cooling
  • Forced Air
  • Gas
  • Evaporative Central
Pool Information
  • No
Exterior Features
  • Stucco
  • Frame
  • Roof: Pitched
  • Roof: Shingle
Utility Information
  • Sewer: City Sewer
Location
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Copyright 2025 Las Cruces MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/30/25 07:30
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