16

Las Cruces, NM Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • 1140 Monte Vista Ave, Las Cruces, NM 88001
    1140 Monte Vista Ave, Las Cruces, NM 88001
    1140 Monte Vista Ave, Las Cruces, NM 88001
    /9

    $1,900,000

    • 40 Beds
    • 20 Baths
    • 675 Sq Ft

    1140 Monte Vista Ave, Las Cruces, NM 88001

    INVESTMENT OPPORTUNITY!!!

    Agent Photo

    Veronica Lindley

    VNL Realty LLC

    (575) 342-9796

    1140 Monte Vista Ave, Las Cruces, NM 88001
  • 2220 Dakota Dr, Las Cruces, NM 88011
    2220 Dakota Dr, Las Cruces, NM 88011
    2220 Dakota Dr, Las Cruces, NM 88011
    /5

    $575,000

    • 8 Beds
    • 4 Baths
    • 3,671 Sq Ft

    2220 Dakota Dr, Las Cruces, NM 88011

    Great investment opportunity. This 3671 square foot duplex has two units. Each has four bedrooms, two bathrooms and a garage. Located in the Sonoma Ranch area, close to shopping schools and hospitals. Don't miss this exciting chance to purchase this property. Call today.

    Shawn Scott Prosper Real Estate

    2220 Dakota Dr, Las Cruces, NM 88011
  • 342 E May Ave Unit 1 & 2, Las Cruces, NM 88001
    342 E May Ave Unit 1 & 2, Las Cruces, NM 88001
    342 E May Ave Unit 1 & 2, Las Cruces, NM 88001
    /16

    $140,000

    • 1,613 Sq Ft

    342 E May Ave Unit 1 & 2, Las Cruces, NM 88001

    Handyman Special Duplex sold As-Is! One Bedroom, one Bath, 404 SF, decent condition. Two-bedroom, two-bath, 1,209 SF unit in need of work and fixtures. Being marketed as mixed-use zoning.

    Ron Bruder BHGRE Steinborn & Associates

    342 E May Ave Unit 1 & 2, Las Cruces, NM 88001
  • 306 S San Pedro St, Las Cruces, NM 88001
    306 S San Pedro St, Las Cruces, NM 88001
    306 S San Pedro St, Las Cruces, NM 88001
    /42

    $259,900

    • 3 Beds
    • 2 Baths
    • 1,866 Sq Ft

    306 S San Pedro St, Las Cruces, NM 88001

    Two charming homes in the original Mesquite Historic District offer a rare opportunity minutes from Downtown, the Farmers Market, Branigan Library, and City Hall. Both are tenant occupied month to month, providing income and flexibility. Property features natural gas service, furnaces in all rooms, exterior security lighting, exterior paint completed 1 year ago, and new living and dining room

    Jake Mossman Keller Williams Realty

    306 S San Pedro St, Las Cruces, NM 88001
  • 711 Foster Rd, Las Cruces, NM 88001
    711 Foster Rd, Las Cruces, NM 88001
    711 Foster Rd, Las Cruces, NM 88001
    /68

    $416,000

    711 Foster Rd, Las Cruces, NM 88001

    Hector Diaz Landmark Real Estate & Investment

    711 Foster Rd, Las Cruces, NM 88001
  • 1029 N Melendres St Unit A&B, Las Cruces, NM 88005
    1029 N Melendres St Unit A&B, Las Cruces, NM 88005
    1029 N Melendres St Unit A&B, Las Cruces, NM 88005
    /6

    $270,000

    • 2 Beds
    • 851 Sq Ft

    1029 N Melendres St Unit A&B, Las Cruces, NM 88005

    Two separate parcels with zero lot line create this 1971 duplex opportunity at 1029 & 1031 N Melendres.1029 N Melendres offers 851 sq ft with 3 bedrooms and 2 bathrooms plus a carport.1031 N Melendres provides 690 sq ft with 2 bedrooms and 1 bathroom.Both units feature evaporative coolers. Total combined living space is 1,541 sq ft. Ideal for owner-occupant or investor seeking rental income in a

    Luke Johnson The Palms Realty

    1029 N Melendres St Unit A&B, Las Cruces, NM 88005
  • 845 Sandell Rd Unit 1-4, Las Cruces, NM 88001
    845 Sandell Rd Unit 1-4, Las Cruces, NM 88001
    845 Sandell Rd Unit 1-4, Las Cruces, NM 88001
    /8

    $375,000

    • 6 Beds
    • 4 Baths
    • 1,586 Sq Ft

    845 Sandell Rd Unit 1-4, Las Cruces, NM 88001

    Amazing smaller multi-units. 2 Duplex units. 1st duplex has two 1-BR 1Bath units approx 595 sq ft each. 2nd duplex has two 2-BR 1 Bath units approx 793 sq. ft. each (both currently occupied). Units have front fenced yards and parking in front of fence. 3 of the units are currently occupied. Lot has room to add more units. Zoning is R-3 high density. Great location close to the University.

    Suzanne Tent Real Estate Services of New Mexico, LLC.

    845 Sandell Rd Unit 1-4, Las Cruces, NM 88001
  • 416 Palm Ave, Las Cruces, NM 88001
    416 Palm Ave, Las Cruces, NM 88001
    416 Palm Ave, Las Cruces, NM 88001
    /57

    $299,000

    • 3 Beds
    • 2 Baths
    • 1,600 Sq Ft

    416 Palm Ave, Las Cruces, NM 88001

    Live in One. Earn from the Other. Two Standalone Homes on One Lot in Las Cruces. Opportunities like this don't come around often. This distinctive property in Las Cruces offers two fully independent homes on a single lot, combining flexibility, privacy, and real income potential in a price range that's increasingly hard to find.The main residence features a well-designed 2-bedroom, 1.5-bath

    Irma Chavez-May EXIT Realty Horizons

    416 Palm Ave, Las Cruces, NM 88001
  • 1263 Mission Nuevo Dr, Las Cruces, NM 88011
    1263 Mission Nuevo Dr, Las Cruces, NM 88011
    1263 Mission Nuevo Dr, Las Cruces, NM 88011
    /5

    $1,350,000

    • 12 Beds
    • 10 Baths
    • 1,656 Sq Ft

    1263 Mission Nuevo Dr, Las Cruces, NM 88011

    INVESTOR OPPORTUNITY! Welcome to 1263 Mission Nuevo in Las Cruces, NM--a beautifully designed four-plex offering approximately 1,656 sq. ft. of luxury living per unit, ideally located near the desirable Sonoma Ranch Golf Course. Each of the four two-story units features 3 bedrooms, 2.5 bathrooms, a double car garage, yard space, tile flooring throughout, and modern kitchens with stainless steel

    Cecilia Hidalgo RE/MAX Classic Realty

    1263 Mission Nuevo Dr, Las Cruces, NM 88011
  • Unlisted Address
    Unlisted Address
    Unlisted Address
    /88

    $800,000

    • 10 Beds
    • 5 Baths

    Unlisted Address

    Investment opportunity! This unique property offers 5 income-producing units across 2.71 acres, ideal for anyone seeking a steady revenue stream. The property features a mix of dwellings including a duplex (each side 2 bed, 1 bath, 1,233 sq ft) with open floor plans, kitchen appliances, washer and dryer, patio, and backyard porch. Additional residences include a spacious 3-bedroom double wide

    Leticia Rodriguez-Flores EXIT Realty Horizons

    Unlisted Address
  • 439 N Alameda Blvd, Las Cruces, NM 88005
    439 N Alameda Blvd, Las Cruces, NM 88005
    439 N Alameda Blvd, Las Cruces, NM 88005
    /59

    $299,000

    • 6 Beds
    • 3 Baths
    • 3,112 Sq Ft

    439 N Alameda Blvd, Las Cruces, NM 88005

    Don't miss this incredible investment opportunity in beautiful Las Cruces! This unique multi-unit property offers flexibility, comfort, and strong income potential all in one. The main unit welcomes you with a spacious three-bedroom layout and a two-car garage that adds both convenience and value. Tucked behind, the additional units provide wonderful rental opportunities, a cozy one-bedroom ideal

    Irma Chavez-May EXIT Realty Horizons

    439 N Alameda Blvd, Las Cruces, NM 88005
  • 1212 Brownlee Ave, Las Cruces, NM 88005
    1212 Brownlee Ave, Las Cruces, NM 88005
    1212 Brownlee Ave, Las Cruces, NM 88005
    /38

    $450,000

    • 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
  • 409 Palm Ave, Las Cruces, NM 88001
    409 Palm Ave, Las Cruces, NM 88001
    409 Palm Ave, Las Cruces, NM 88001
    /27

    $275,000

    • 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
  • 1255 W Ethel Ave Unit A & B, Las Cruces, NM 88005
    1255 W Ethel Ave Unit A & B, Las Cruces, NM 88005
    1255 W Ethel Ave Unit A & B, Las Cruces, NM 88005
    /39

    $259,750

    • 2 Beds
    • 2 Baths
    • 1,680 Sq Ft

    1255 W Ethel Ave Unit A & B, Las Cruces, NM 88005

    Very well maintained Duplex. Each unit is 1 bedroom, 1 bath with approximately 840 square feet. Each unit features a spacious living room, and the kitchen includes an eating area. Stove and refrigerator included. Duplex has a carport and storage unit in the rear. Live in one unit and rent the other. Duplex is metered separately.

    Patricia Preciado Coldwell Banker Legacy Elite

    1255 W Ethel Ave Unit A & B, Las Cruces, NM 88005
  • 2425 Calle de Santiago, Las Cruces, NM 88005
    2425 Calle de Santiago, Las Cruces, NM 88005
    2425 Calle de Santiago, Las Cruces, NM 88005
    /66

    $470,000

    • 2 Beds
    • 2.5 Baths
    • 2,508 Sq Ft

    2425 Calle de Santiago, Las Cruces, NM 88005

    MESILLA PLAZA Home! Located just moments from the historic Plaza, this well-maintained property blends charm, upgrades, and unbeatable location. 2 Bed + FLEXROOM + SUNROOM, 3-bath home on a .23-acre lot with a DOMESTIC WATER WELLl! Enjoy RV parking, a stucco carport, steel fencing, and front and back automatic sprinkler systems. Recent updates include a NEW roof (2023), NEW Refrigerated AC

    Paris Fischer Keller Williams Realty

    2425 Calle de Santiago, Las Cruces, NM 88005
  • 405 Palm Ave, Las Cruces, NM 88001
    405 Palm Ave, Las Cruces, NM 88001
    405 Palm Ave, Las Cruces, NM 88001
    /30

    $245,000

    • 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
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 57 days. The median sale price for homes in Las Cruces, NM over the last 12 months is $285,000, down 30% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$285,000
Median Single Family Sale Price
$410,000
Median Townhouse Sale Price
$227,500
Median 2 Bedroom Sale Price
$189,000
Average Price Per Sq Ft
$206
Number of Homes for Sale
203
Last 12 months Home Sales
523
Months of Supply
4.70
Median List Price
$399,999
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-30%

Popular Home Searches in Las Cruces, NM

Set against the Organ Mountains, buyers in Las Cruces seek desert-adapted homes, mountain views, and relaxed Southwestern living.

How to Buy a Home How to Finance a Home How to Sell a Home

In Las Cruces, there are currently 16 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $140,000 to $1,900,000, there's a range to accomodate every budget. As of May, 2026 the median home price in Las Cruces is $399,999, while the average sale price is $310,294, 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.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group