1201 E Griggs Ave Las Cruces, NM 88001
Mesquite Historic District NeighborhoodEstimated payment $2,505/month
Total Views
39,953
8
Beds
4
Baths
3,600
Sq Ft
$120
Price per Sq Ft
Highlights
- 0.33 Acre Lot
- No HOA
- Stone Wall
- Herberich Primary Elementary School Rated A
- Forced Air Heating System
About This Home
CALLING ALL INVESTORS! Don't miss this fantastic opportunity to own a well-maintained income-producing fourplex with strong rental history and long-term potential! All four units have new exterior stucco paint and REFRIGERATED AIR, and each have their own back yard. Three out of the four units have been recently updated with beautiful tile floors, granite countertops, modern undermount kitchen sinks, and new windows! Newly landscaped in front, creating great curb appeal! Each unit also has two parking spaces conveniently located right in front of each unit, plus additional guest parking. This versatile property is perfect for a seasoned investor, multi-generational setup, or an owner-occupant looking to live in one unit while collecting rental income from the others. With its excellent rental appeal and reliable cash flow, this fourplex is a must-have addition to your portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 0.33 Acre Lot
- Stone Wall
- Chain Link Fence
Parking
- Paved Parking
Home Design
- Quadruplex
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
- 4 Units
- Dean Subdivision
Listing and Financial Details
- Assessor Parcel Number 4008135024123
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,984 | $100,920 | $8,333 | $92,587 |
| 2024 | $2,984 | $97,980 | $8,333 | $89,647 |
| 2023 | $2,435 | $78,748 | $7,369 | $71,379 |
| 2022 | $2,470 | $78,748 | $7,369 | $71,379 |
| 2021 | $2,462 | $78,748 | $7,369 | $71,379 |
| 2020 | $2,474 | $78,748 | $7,369 | $71,379 |
| 2019 | $2,409 | $76,454 | $6,985 | $69,469 |
| 2018 | $2,324 | $74,227 | $6,613 | $67,614 |
| 2017 | $2,071 | $72,066 | $6,252 | $65,814 |
| 2016 | $2,038 | $69,967 | $5,900 | $64,067 |
| 2015 | $2,049 | $209,902 | $17,661 | $192,241 |
| 2014 | $2,018 | $206,800 | $17,400 | $189,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2025 12/06/25 | Price Changed | $432,000 | -4.0% | $120 / Sq Ft |
| 10/23/2025 10/23/25 | For Sale | $450,000 | -- | $125 / Sq Ft |
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Southwestern Abstract & Title | |
| Warranty Deed | -- | Sierra Title Co Of Nm Inc | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,000 | Seller Take Back | |
| Previous Owner | $101,600 | No Value Available |
Source: Public Records
About the Listing Agent
Mary Jane McNeil is a dedicated REALTOR® proudly serving the Las Cruces community, backed by extensive knowledge of the local real estate market. She specializes in assisting home sellers, buyers, and investors at every stage of experience. Guided by integrity and a true spirit of service, Mary Jane is a skilled negotiator who goes above and beyond to help her clients achieve success in all their real estate goals.
Mary Jane's Other Listings
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)
MLS Number: 2503336
APN: 02-09938
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The information 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. Listing information is deemed reliable, but not guaranteed.
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