201 Lincoln Ave Grants, NM 87020
Estimated payment $6,473/month
Highlights
- Ductless Heating Or Cooling System
- Landscaped
- Heating Available
- Security Gate
- Vinyl Flooring
- Property has 1 Level
About This Home
Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,382
Year Built
- Built in 1976
Lot Details
- 17,424 Sq Ft Lot
- Landscaped
- Additional Parcels
Parking
- 20 Parking Spaces
Home Design
- Brick Exterior Construction
- Frame Construction
Interior Spaces
- 7,090 Sq Ft Home
- Property has 1 Level
- Vinyl Flooring
- Security Gate
Kitchen
- Free-Standing Gas Range
- Microwave
- Disposal
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Bathrooms
Laundry
- Laundry in Garage
- Washer and Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for common area maintenance, sewer, trash collection, water
- Assessor Parcel Number 2055062151437
Community Details
Overview
- 7,090 Sq Ft Building
Building Details
- Operating Expense $41,000
- Gross Income $129,000
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | $81,785 | $8,383 | $73,402 |
| 2024 | $2,617 | $79,403 | $8,139 | $71,264 |
| 2023 | $2,577 | $77,091 | $7,902 | $69,189 |
| 2022 | $2,606 | $74,845 | $7,672 | $67,173 |
| 2021 | $2,513 | $72,666 | $7,449 | $65,217 |
| 2020 | $2,472 | $72,666 | $7,449 | $65,217 |
| 2019 | $2,361 | $72,449 | $7,232 | $65,217 |
| 2018 | $2,621 | $72,449 | $7,232 | $65,217 |
| 2017 | $2,507 | $70,338 | $7,021 | $63,317 |
| 2016 | $0 | $68,290 | $6,817 | $61,473 |
| 2015 | $2,473 | $68,290 | $6,817 | $61,473 |
| 2014 | $2,419 | $66,499 | $6,817 | $59,682 |
| 2013 | $1,282 | $64,562 | $6,618 | $57,944 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/09/2026 07/09/26 | For Sale | $1,100,000 | +100.0% | $155 / Sq Ft | |
| 04/12/2024 04/12/24 | Sold | -- | -- | -- | View Prior Sale |
| 02/20/2024 02/20/24 | Pending | -- | -- | -- | |
| 09/12/2023 09/12/23 | For Sale | $550,000 | -- | $95 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | -- | None Listed On Document |
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)
MLS Number: 1106959
APN: R17707
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