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El Paseo Multifamily Homes & Duplexes for Sale

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  • /80

    $245,000

    • 3 Beds
    • 3 Baths

    1140 S Mesquite St, Las Cruces, NM 88001

    Rare investment opportunity in the heart of Las Cruces! Located just minutes from NMSU, shopping centers, schools, and major thoroughfares, this fully occupied triplex is the perfect blend of current cash flow and future potential. The property features two units in a great duplex layout, along with a detached, character-filled A-frame apartment--all with long-term renters in place, generating

    Lisa Rivera EXIT Realty Horizons

    1140 S Mesquite St, Las Cruces, NM 88001
  • /30

    $4,850,000

    2306 S Espina St, Las Cruces, NM 88001

    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

    Jeremiah Lay Steinborn/TCN Commercial RE

    2306 S Espina St, Las Cruces, NM 88001

Why Live in El Paseo

El Paseo in Las Cruces, NM, features a mix of older brick ranch-style homes from the 1960s and ‘70s, primarily in subdivisions like Crescent Park, and newer Southwestern-style homes in the Heritage Farm subdivision. These homes typically range from 1,200 to 1,500 square feet, with landscaped yards and attached garages. The neighborhood includes multi-family properties and low-rise apartment complexes. Residents enjoy several parks, including the 10-acre Frenger Park and the 12-acre Gomez Park, which offers a community garden. The Munson Senior Center provides art and fitness classes for those over 50. For recreational activities, Route 28 is a popular biking route, and indoor gyms like Planet Fitness are available. El Paseo Road is the main commercial strip, featuring a variety of shopping and dining options, including local favorites like Burritos Victoria and Dion’s Pizza. Valley Drive offers additional dining spots such as Chilitos and The Shed. The Las Cruces Convention Center hosts events like the Holiday Bazaar and Las Cruces Comic Con. The neighborhood is well-connected, with El Paseo Road leading 2 miles to downtown and Interstate 10 providing access to El Paso, 44 miles away. Public transportation is available via the fare-free Roadrunner bus. Memorial Medical Center is 3 miles away, and Las Cruces International Airport is 11 miles away. Educational options include the highly rated Mesilla Valley Christian School, with New Mexico State University nearby. The area has a low crime risk compared to the national average, making it a practical choice for families.

Home Trends in El Paseo, NM

Housing Trends

Median Single Family Sale Price
$260,000
Average Price Per Sq Ft
$153
Number of Homes for Sale
3
Last 12 months Home Sales
13
Months of Supply
2.80
Median List Price
$260,000
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