Listed price in listed location currency (USD).
$1,700,000

0020

MLS® 2603208

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 0
Lot Size 1.45 Acres
Approx. Age 1900
MLS® Number 2603208

Property Address: 2510/2530 S Espina Street, Las Cruces, NM, 88001

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment property located just two blocks from NMSU! 2510 & 2530 S Espina is a 21-unit multifamily compound featuring studios, one-bed, and larger units with historic charm--hardwood floors, plaster walls, and landscaped courtyards. Rents average $689 against a market of $874, offering clear upside. Recent upgrades include new roof (2021), solar panels, drip irrigation, exterior lighting, and updated fixtures. Tenants enjoy secure storage, ample parking, and proximity to University Avenue dining, healthcare, and major employers. Offered at $1, 700, 000 with a 6.08% cap rate, this campus-adjacent asset qualifies for Ventana Fund financing and sits on +/-1.44 acres of R-3-zoned land. A rare chance to own a stabilized, character-rich property priced below replacement cost in the heart of Las Cruces.
MLS® Number2603208
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
Basement
DrivewayNone
Garage Spaces
HeatElectric, Forced Air, Gas Available
A/CEvaporative Cooling, Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 13, 2026List Date
$1,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
2510/2530 S Espina Street, Las Cruces, NM

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