$269,000

405 Palm Ave Las Cruces, NM 88001

Country Club Neighborhood

Estimated payment $1,568/month

Total Views 4,308
2 Beds
2 Baths
960 Sq Ft
$280 Price per Sq Ft

About This Home

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 successful vacation rental business. Call for details on purchasing the adjacent property at 409 Palm

Listing Agent

Padma Valdevit

Rethink Real Estate, LLC License #17630 Listed on: 05/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,264

Year Built

  • Built in 2018

Lot Details

  • 6,969 Sq Ft Lot

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4-007-134-182-217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,264

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2018
  • Co List Office Mls Id: LCNRET
  • Subdivision Name: N/A
  • Directions: GPS works to location
  • Special Features: None

Interior Features

  • Total Bedrooms: 2

Exterior Features

  • Acres: 0.16

Garage/Parking

  • Parking Features: Off-Site Park

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 4-007-134-182-217
  • Lot Dimensions: .25 to .50 AC
  • Lot Size Sq Ft: 6969

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $1,264 $41,498 $8,325 $33,173
2023 $1,264 $40,289 $8,323 $31,966
2022 $1,264 $40,289 $8,323 $31,966
2021 $1,352 $39,115 $8,333 $30,782
2020 $1,352 $39,115 $8,333 $30,782
2019 $1,324 $38,324 $8,333 $29,991
2018 $288 $8,333 $8,333 $0
2017 $268 $8,333 $8,333 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $269,000 -52.0% $280 / Sq Ft
05/15/2025 05/15/25 For Sale $560,000 +918.2% $583 / Sq Ft
12/24/2023 12/24/23 Off Market -- -- --
03/04/2021 03/04/21 Off Market -- -- --
07/22/2016 07/22/16 Sold -- -- --
07/13/2016 07/13/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $55,000 -- --
Source: Southern New Mexico MLS (Las Cruces Association of REALTORS®)

Mortgage History

Date Status Loan Amount Loan Type
Closed $169,216 Construction
Source: Public Records

Similar Homes in Las Cruces, NM

  • 409 Palm Ave, Las Cruces, NM 88001

    $299,000

    • 2 Beds
    • 2 Baths
    • 1,560 Sq Ft
    • 409 Palm Ave
    • Las Cruces, NM

    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

    Section Image
  • 1575 Carrillo Ct Unit A-B-C, Las Cruces, NM 88001

    $260,000

    • 3 Beds
    • 3 Baths
    • 1,702 Sq Ft
    • 1575 Carrillo Ct
    • Unit A-B-C
    • Las Cruces, NM

    Attention all investors! Discover a lucrative opportunity with this centrally located triplex, perfect for generating supplemental income. This property features three separate 1-bedroom, 1-bathroom apartments, each offering a comfortable living area, a kitchen equipped with a stove and refrigerator, and convenient washer and dryer hookups. Tenants pay all utilities and individual water meters.

    Leticia Rodriguez-Flores EXIT Realty Horizons

    Section Image
  • 1140 S Mesquite St, Las Cruces, NM 88001

    $239,000

    • 3 Beds
    • 3 Baths
    • 1140 S Mesquite St
    • Las Cruces, NM

    Rare investment opportunity in the heart of Las Cruces! Located just minutes from NMSU, shopping centers, schools, and major thoroughfares, this fully occupied triplex is the perfect blend of current cash flow and future potential. The property features two units in a great duplex layout, along with a detached, character-filled A-frame apartment--all with long-term renters in place, generating

    Lisa Rivera EXIT Realty Horizons

    Section Image
See All Homes in Las Cruces

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

MLS Number: 2501407

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

APN: 19-01272

New Mexico Dona Ana County Las Cruces 88001 Country Club

405 Palm Ave, Las Cruces, NM

This home is located at 405 Palm Ave, Las Cruces, NM 88001 and is currently priced at $269,000, approximately $280 per square foot. This property was built in 2018. 405 Palm Ave is a home located in Dona Ana County with nearby schools including Booker T. Washington Elementary School, Sierra Middle School, and Centennial 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
Padma Valdevit
Section Image
Rethink Real Estate, LLC
(575) 708-6744