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Las Cruces, NM Multifamily Homes & Duplexes for Sale

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  • 1140 S Mesquite St, Las Cruces, NM 88001
    1140 S Mesquite St, Las Cruces, NM 88001
    1140 S Mesquite St, Las Cruces, NM 88001
    /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
  • 200 W Lucero Ave, Las Cruces, NM 88005
    200 W Lucero Ave, Las Cruces, NM 88005
    200 W Lucero Ave, Las Cruces, NM 88005
    /62

    $425,000

    • 5 Beds
    • 2 Baths
    • 2,896 Sq Ft

    200 W Lucero Ave, Las Cruces, NM 88005

    Versatile triplex in a prime Las Cruces location -- bringing in rental income! This property features two units in the main home plus a detached casita, all fully rented. Enjoy recent updates like dual HVAC systems, updated windows, and a mini-split in the casita for added comfort. With spacious off-street parking, it's perfect for an investor, owner-occupant, or multi-gen setup. Just blocks from

    Noe Reyes EXIT Realty Horizons

    200 W Lucero Ave, Las Cruces, NM 88005
  • 2105 S Espina St, Las Cruces, NM 88001
    2105 S Espina St, Las Cruces, NM 88001
    2105 S Espina St, Las Cruces, NM 88001
    /39

    $1,639,237

    2105 S Espina St, Las Cruces, NM 88001

    This unique investment opportunity offers a blend of 14 two-bedroom 1 bath units and a single studio unit. Each unit boasts a fenced backyard and features updates such as vinyl windows, sliding doors, and attractive flooring. Also included are Master Cool evaporative coolers, a mini-split HVAC system on the studio, and a coin/app-operated laundry facility. Situated directly across from a large

    Marvid Charlson Property Mgt & Investments of NM

    2105 S Espina St, Las Cruces, NM 88001
  • 1145 N Main St, Las Cruces, NM 88001
    1145 N Main St, Las Cruces, NM 88001
    1145 N Main St, Las Cruces, NM 88001
    /29

    $250,000

    1145 N Main St, Las Cruces, NM 88001

    Don't miss this incredible investment opportunity! This triplex features three well-maintained 1-bedroom, 1-bathroom units, each offering comfortable living space and steady rental potential. Situated on a generously sized lot, the property also includes a detached garage--perfect for storage or added income possibilities. Whether you're looking to start or expand your real estate portfolio, this

    Quayde Bradford Keller Williams Realty

    1145 N Main St, Las Cruces, NM 88001
  • 3305 Oak St, Las Cruces, NM 88005
    3305 Oak St, Las Cruces, NM 88005
    3305 Oak St, Las Cruces, NM 88005
    /9

    $190,000

    3305 Oak St, Las Cruces, NM 88005

    Looking for an investment opportunity? Look no further! This duplex has plenty of character and a lot to offer the right buyer. Both units are separately metered, which means you can rent them out individually ideal for investors or someone looking to live in one unit and rent out the other. Conveniently located near the university, restaurants, and everyday essentials, this property won't last

    Jose Cha Real Broker LLC

    3305 Oak St, Las Cruces, NM 88005
  • 409 Palm Ave, Las Cruces, NM 88001
    409 Palm Ave, Las Cruces, NM 88001
    409 Palm Ave, Las Cruces, NM 88001
    /20

    $299,000

    • 2 Beds
    • 2 Baths
    • 1,560 Sq Ft

    409 Palm Ave, Las Cruces, NM 88001

    Located on a dead-end street in the heart of Las Cruces, this modern container home duplex is a great investment or a home with an income producing property. Can also be purchased with the neighboring duplex to super size your investment! Both units are studios with great floor plans to give added privacy to the bedroom area, they have full baths and kitchens which are incredibly sought after in

    Padma Valdevit Rethink Real Estate, LLC

    409 Palm Ave, Las Cruces, NM 88001
  • 2306 S Espina St, Las Cruces, NM 88001
    2306 S Espina St, Las Cruces, NM 88001
    2306 S Espina 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
  • 405 Palm Ave, Las Cruces, NM 88001
    405 Palm Ave, Las Cruces, NM 88001
    405 Palm Ave, Las Cruces, NM 88001
    /31

    $269,000

    • 2 Beds
    • 2 Baths
    • 960 Sq Ft

    405 Palm Ave, Las Cruces, NM 88001

    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

    Padma Valdevit Rethink Real Estate, LLC

    405 Palm Ave, Las Cruces, NM 88001
  • 3820 Calle de Las Margaritas, Las Cruces, NM 88005
    3820 Calle de Las Margaritas, Las Cruces, NM 88005
    3820 Calle de Las Margaritas, Las Cruces, NM 88005
    /77

    $475,000

    3820 Calle de Las Margaritas, Las Cruces, NM 88005

    Endless possibilities await with this well-maintained fourplex in the peaceful and highly desirable Mesilla Park area. Situated on 1.09 acres with a charming pecan orchard, this property offers quiet country living just minutes from town. Each of the four 1-bedroom, 1-bath units features low-maintenance tile flooring, a full appliance package, and an open-concept kitchen, living, and dining area,

    Jorge Vazquez BHGRE Steinborn & Associates

    3820 Calle de Las Margaritas, Las Cruces, NM 88005
  • TBD California Ave, Las Cruces, NM 88001
    TBD California Ave, Las Cruces, NM 88001
    TBD California Ave, Las Cruces, NM 88001
    /6

    $350,000

    • 4 Beds
    • 3 Baths
    • 1,772 Sq Ft

    TBD California Ave, Las Cruces, NM 88001

    Brand New Duplex - Prime Investment OpportunityNow available: New construction duplex designed with the investor in mind. Each unit offers 2 bedrooms and a clean, modern layout.The interiors feature durable ceramic tile throughout, reducing wear and tear and making ongoing maintenance simple and cost-effective. Kitchens are outfitted with granite countertops and stainless steel appliances,

    Quayde Bradford Keller Williams Realty

    TBD California Ave, Las Cruces, NM 88001
  • 1212 Brownlee Ave, Las Cruces, NM 88005
    1212 Brownlee Ave, Las Cruces, NM 88005
    1212 Brownlee Ave, Las Cruces, NM 88005
    /38

    $475,000

    • 4 Beds
    • 2 Baths
    • 1,886 Sq Ft

    1212 Brownlee Ave, Las Cruces, NM 88005

    Completely remodeled duplex-essentially rebuilt from the ground up! Nearly everything is brand new, with just a few minor exceptions. Both units have been thoughtfully updated and are currently rented, making this a great opportunity for investors seeking solid cash flow. Alternatively, live in one unit and let the other help pay the mortgage. Whether you're looking for an income-generating

    Eli Berger Coldwell Banker Legacy Elite

    1212 Brownlee Ave, Las Cruces, NM 88005
  • 4943 Del Rey Blvd, Las Cruces, NM 88012
    4943 Del Rey Blvd, Las Cruces, NM 88012
    4943 Del Rey Blvd, Las Cruces, NM 88012
    /36

    $310,000

    4943 Del Rey Blvd, Las Cruces, NM 88012

    Welcome to an exceptional investment opportunity! This charming and tranquil mobile home park is now available for sale, offering a unique chance to own a well-established community that harmoniously blends comfort, convenience, and natural desert landscaping. With a strong and consistent rental history, this mobile home park represents an excellent investment opportunity. The well-established 6

    Crystal Mccaslin BHGRE Steinborn & Associates

    4943 Del Rey Blvd, Las Cruces, NM 88012
  • 1575 Carrillo Ct Unit A-B-C, Las Cruces, NM 88001
    1575 Carrillo Ct Unit A-B-C, Las Cruces, NM 88001
    1575 Carrillo Ct Unit A-B-C, Las Cruces, NM 88001
    /30

    $260,000

    • 3 Beds
    • 3 Baths
    • 1,702 Sq Ft

    1575 Carrillo Ct Unit A-B-C, Las Cruces, NM 88001

    Attention all investors! Discover a lucrative opportunity with this centrally located triplex, perfect for generating supplemental income. This property features three separate 1-bedroom, 1-bathroom apartments, each offering a comfortable living area, a kitchen equipped with a stove and refrigerator, and convenient washer and dryer hookups. Tenants pay all utilities and individual water meters.

    Leticia Rodriguez-Flores EXIT Realty Horizons

    1575 Carrillo Ct Unit A-B-C, Las Cruces, NM 88001
  • 1423 -1425 Monte Vista Ave, Las Cruces, NM 88001
    1423 -1425 Monte Vista Ave, Las Cruces, NM 88001
    1423 -1425 Monte Vista Ave, Las Cruces, NM 88001
    /29

    $1,300,000

    1423 -1425 Monte Vista Ave, Las Cruces, NM 88001

    A prime 10-unit apartment complex, centrally located just minutes from the university, shopping, and restaurants. The property features a mix of one duplex and two fourplexes, offering a total of 10 rental units. Three of the units are 2-bedroom, 1-bath apartments, while the remaining units are 1-bedroom, 1-bath layouts. This well-maintained complex provides an excellent opportunity for

    Guadalupe Fernandez Volare Realty Group LLC

    1423 -1425 Monte Vista Ave, Las Cruces, NM 88001
  • 697 S Melendres St, Las Cruces, NM 88005
    697 S Melendres St, Las Cruces, NM 88005
    697 S Melendres St, Las Cruces, NM 88005
    /36

    $224,900

    • 4 Beds
    • 2 Baths
    • 1,584 Sq Ft

    697 S Melendres St, Las Cruces, NM 88005

    Discover the perfect multi-generational home or an excellent opportunity to generate rental income! This unique property features two separate living areas, each with its own entrance, kitchen setup, living room and bathroom, providing both flexibility and convenience. Recently remodeled, this home boasts modern finishes and updated amenities, including refrigerated central air and heating for

    Peter Skowronski EXIT Realty Horizons

    697 S Melendres St, Las Cruces, NM 88005
  • 199 W Willoughby Ave, Las Cruces, NM 88005
    199 W Willoughby Ave, Las Cruces, NM 88005
    199 W Willoughby Ave, Las Cruces, NM 88005
    /18

    $1,040,000

    • 5,170 Sq Ft

    199 W Willoughby Ave, Las Cruces, NM 88005

    Discover this totally renovated community featuring ten stylish 1-bedroom, 1-bathroom apartments located just minutes from downtown Las Cruces.Smart and efficient floor plans are highlighted by contemporary design features that offer comfort and energy efficiency, including: quality mechanical systems, double pane vinyl windows, upgraded security features, durable vinyl plank flooring, newer

    David Clarke NM Apartment Advisors Inc.

    199 W Willoughby Ave, Las Cruces, NM 88005
  • 2215 Hagerty Rd, Las Cruces, NM 88001
    2215 Hagerty Rd, Las Cruces, NM 88001
    2215 Hagerty Rd, Las Cruces, NM 88001
    /55

    $675,000

    • 8 Beds
    • 8 Baths

    2215 Hagerty Rd, Las Cruces, NM 88001

    This eight-unit multifamily property is a prime investment opportunity, boasting five fully renovated units with modern upgrades and amenities. The renovations include brand new kitchens and bathrooms, interior and exterior paint, redesigned bathrooms for improved functionality, new tile floors, fixtures, cabinets, refrigerators, ranges, kitchen sinks, countertops, plumbing, interior and exterior

    Anela Borrego-Flores Keller Williams Realty

    2215 Hagerty Rd, Las Cruces, NM 88001
New Mexico Dona Ana County Las Cruces

Multi-Family Homes & Duplexes for Sale in Las Cruces, NM

Why Live in Las Cruces

Las Cruces offers exceptional access to White Sands National Park's surreal gypsum dunes and the dramatic Organ Mountains Desert Peaks National Monument. The city's 320 annual days of sunshine create perfect conditions for exploring Dripping Springs Natural Area or hiking Tortugas Mountain for panoramic views. The Historic Mesilla Plaza showcases the region's rich cultural heritage through its shops, galleries, and the historic Basilica of San Albino. Local flavors shine at restaurants like The Shed, known for authentic New Mexican cuisine and chile sauces, while La Posta de Mesilla has served traditional dishes since 1939.

The Las Cruces housing market presents diverse options across its neighborhoods. The median sale price for homes is $313,500. Single family homes in upscale Picacho Hills have a median price of $599,900, while Sonoma Ranch offers them at $415,000. The Mesquite Historic District provides more affordable options with a median single family home price of $160,000. Condominiums start at a median price of $206,000 for one bedroom units and $213,500 for two bedrooms.

Las Cruces maintains a cost of living 9.7% below the national average. A family with school age children needs approximately $96,000 annually to live comfortably, while renters require about $48,000. The combined sales tax rate is 7.63%, and the state income tax rate is 4.70% for a yearly salary of $48,144. Two private schools, Las Cruces Catholic School and Mesilla Valley Christian School, both rated A minus, serve multiple neighborhoods. New Mexico State University adds to the educational landscape. The city's combination of affordable living, outdoor recreation, and rich cultural attractions makes it particularly appealing to retirees and families seeking a southwestern lifestyle.

Learn more about living in Las Cruces

Home Trends in Las Cruces, NM

On average, homes in Las Cruces, NM sell after 69 days on the market compared to the national average of 70 days. The median sale price for homes in Las Cruces, NM over the last 12 months is $465,000, up 13% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$465,000
Median Single Family Sale Price
$379,000
Median Townhouse Sale Price
$270,775
Median 2 Bedroom Sale Price
$209,500
Median 1 Bedroom Sale Price
$199,900
Average Price Per Sq Ft
$200
Number of Homes for Sale
111
Last 12 months Home Sales
974
Months of Supply
1.40
Median List Price
$389,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
13%
How to Buy a Home How to Finance a Home How to Sell a Home

In Las Cruces, there are currently 17 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $190,000 to $4,850,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Las Cruces is $389,000, while the average sale price is $411,271, offering insights into the local housing market. On average, multi-family homes spend 69 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Las Cruces, NM.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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