$1,639,237

2105 S Espina St Las Cruces, NM 88001

Estimated payment $9,626/month

Total Views 2,329
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • No HOA
  • Brick Veneer
  • Stone Wall

About This Home

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 park, with ample parking facilities, this property benefits from proximity to NMSU, local dining, and shops, making it highly attractive to renters. Additional perks include professional management and potential for increased returns through strategic upgrades. With a prime location and proven improvements already in place, this property represents a compelling opportunity for investors seeking immediate cash flow with long-term growth potential.

Listing Agent

Marvid Charlson

Property Mgt & Investments of NM License #20397 Listed on: 06/20/2025

Co-Listing Agent

David Clarke

NM Apartment Advisors Inc. License #13711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,816

Year Built

  • Built in 1965

Lot Details

  • 0.84 Acre Lot
  • Stone Wall
  • Wood Fence
  • Back Yard Fenced
  • Block Wall Fence

Parking

  • Paved Parking

Home Design

  • Brick Veneer
  • Frame Construction
  • Pitched Roof
  • Shingle Roof
  • Stucco

Utilities

  • Heat Pump System

Community Details

  • No Home Owners Association
  • 15 Units
  • College Mesa Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4-008-136-298-432

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,816

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1965
  • Co List Office Mls Id: LCNNMAAI
  • Co List Office Phone: (505) 440-8663
  • Co List Office Mls Id: LCNPMINM
  • Subdivision Name: College Mesa
  • Directions: Head East on University from Main Street. Make a left to head north on Espina St. Travel north on Espina .4 miles and arrive at the property on the East side of the street.
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator

Exterior Features

  • Roof: Pitched, Shingle
  • Acres: 0.84
  • Construction Type: Brick Veneer, Stucco, Frame

Garage/Parking

  • Parking Features: Off-Site Park, Paved Area

Utilities

  • Heating: Natural Gas, Heat Pump
  • Cooling: Evaporative Cooling, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-008-136-298-432
  • Fencing: Back Yard, Wood, Rock, Block
  • Lot Dimensions: .76 to 1 AC
  • Lot Size Sq Ft: 36760

Multi Family

  • Number Of Units Total: 15

Map

Range of Values:

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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
2024 $7,816 $256,620 $36,760 $219,860
2023 $7,936 $256,620 $36,760 $219,860
2022 $2,831 $90,268 $22,533 $67,735
2021 $2,739 $87,639 $21,904 $65,735
2020 $2,674 $85,087 $21,293 $63,794
2019 $2,603 $82,609 $20,700 $61,909
2018 $2,587 $82,609 $20,700 $61,909
2017 $2,305 $80,202 $20,122 $60,080
2016 $2,268 $77,867 $19,567 $58,300
2015 $2,280 $233,552 $58,667 $174,885
2014 $2,245 $230,100 $57,800 $172,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2025 06/20/25 For Sale $1,639,237 -- --
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

Purchase History

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

Mortgage History

Date Status Loan Amount Loan Type
Closed $472,500 Commercial
Previous Owner $472,500 Commercial
Previous Owner $3,500,000 Commercial
Source: Public Records

Similar Home in Las Cruces, NM

  • 2105 S Espina St, Las Cruces, NM 88001

    $1,639,237

    • 2 Beds
    • 1 Bath
    • 9,490 Sq Ft
    • 2105 S Espina St
    • Las Cruces, NM

    On behalf of the Owner, NM Apartment Advisors, Deacon Property Services, and PMI of New Mexico are excited to bring this prime multi-family property to market. This unique investment opportunity offers a blend of 14 two-bedroom 1 bath apartments and a single studio apartment. Each unit boasts a fenced backyard and features updates such as vinyl windows, sliding doors, and attractive solid-surface

    Kyle Deacon Deacon Property Services

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Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

MLS Number: 2501924

Southern New Mexico MLS (Las Cruces Association of REALTORS®)

APN: 02-12075

New Mexico Dona Ana County Las Cruces 88001

2105 S Espina St, Las Cruces, NM

This home is located at 2105 S Espina St, Las Cruces, NM 88001 and is currently priced at $1,639,237. This property was built in 1965. 2105 S Espina St is a home located in Dona Ana County with nearby schools including University Hills Elementary School, Lynn Middle School, and Las Cruces High School.

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.

Southern New Mexico MLS (Las Cruces Association of REALTORS®) 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.

Nearby Homes
Listing Agent
Marvid Charlson
Section Image
Property Mgt & Investments of NM
(575) 216-8588