$495,000

1515 W 18th St Portales, NM 88130

Estimated payment $2,936/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Walk-In Closet
  • Surveillance System
  • Lindsey-Steiner Elementary School Rated A-
  • Refrigerated Cooling System
  • Shed

About This Home

ATTENTION INVESTORS! Great opportunity to own an eight-door apartment complex with consistently low turnover. Each unit features one bedroom, one bathroom, and a large walk-in closet. Kitchens come equipped with an electric range and refrigerator. Building 1 has a metal roof, while Building 2 features a composition roof. Utilities are separately metered, and tenants pay their own utilities. Each apartment offers central heat and air plus covered porches for added comfort. The property also includes 20 concrete block storage units (each approximately 10x10) with concrete foundations and metal roofs—a great additional income source or tenant amenity. Situated on a large lot with room to expand, this property offers excellent potential for future growth. Call today for more information!

Listing Agent

Melinda Wilkinson

Keller Williams Realty - Cl/Ho Listed on: 10/29/2025

Keller Williams Realty - Cl/Ho

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,143

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • Walk-In Closet
  • 1-Story Property
  • Surveillance System
  • Free-Standing Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Separate Meters
  • Natural Gas Connected
  • Individual Gas Meter
  • Separate Water Meter
  • Electric Water Heater

Additional Features

  • Shed
  • 0.92 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 100100000014900

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • No Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,143

Lot Details

0

Listing Details

  • Reso Property Sub Type: Multi Unit 5+
  • Prop. Type: Residential Income
  • ResoLaundryFeatures: None
  • ResoSecurityFeatures: Audio/Video Surveillance
  • Reso Flooring: Carpet, Laminate, Vinyl
  • Reso Interior Features: Walk-In Closet(s)
  • Unit Levels: One
  • Reso Other Structures: Shed(s)
  • Reso Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Electric Water Heater
  • Stories: 1

Exterior Features

  • Roof: Metal, Pitched, Shingle
  • Acres: 0.9183
  • Construction Type: Brick

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Electric: Meters(Electric Separate)
  • Gas: Meters(Gas Separate)
  • Cooling: Electric, Central Air, Refrigerated
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Water-City, Meters(Water Separate)

Condo/Co-op/Association

  • Community Features: Onsite Storage
  • Association: No

Lot Info

  • Lot Size Sq Ft: 40000
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 100100000014900

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4143.16

Multi Family

  • Number Of Units Total: 8
  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,969 $79,959 $18,554 $61,405
2024 $1,969 $77,630 $18,534 $59,096
2023 $1,969 $75,369 $18,504 $56,865
2022 $1,784 $73,175 $18,475 $54,700
2021 $1,729 $71,043 $18,410 $52,633
2020 $1,684 $68,974 $16,341 $52,633
2019 $1,636 $66,966 $8,285 $58,681
2018 $1,592 $65,016 $7,237 $57,779
2017 $1,546 $63,122 $6,219 $56,903
2016 $1,529 $61,284 $5,231 $56,053
2015 $1,453 $59,499 $4,273 $55,226
2011 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2025 10/29/25 For Sale $495,000 +82400.0% --
09/28/2023 09/28/23 Sold -- -- -- View Prior Sale
09/19/2023 09/19/23 Price Changed $600 -7.7% $1 / Sq Ft
09/13/2023 09/13/23 For Sale $650 -- $1 / Sq Ft
Source: New Mexico MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: New Mexico MLS

MLS Number: 20256251

New Mexico MLS

APN: 100100000014900

New Mexico Roosevelt County Portales 88130

1515 W 18th St, Portales, 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.

New Mexico MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Melinda Wilkinson
Listing Agent
Melinda Wilkinson
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Keller Williams Realty - Cl/Ho
(575) 545-0899