$1,290,000

806 W 16th St Portales, NM 88130

Estimated payment $7,451/month

Total Views 7,036
-- Bed
-- Bath
12,865 Sq Ft
$100 Price per Sq Ft

Highlights

  • No HOA
  • Ductless Heating Or Cooling System
  • 1-Story Property
  • Lindsey-Steiner Elementary School Rated A-
  • No Interior Steps
  • 5-minute walk to Rotary Park

About This Home

Valencia Apartments is a stabilized, 17-unit multifamily asset locatedjust two blocks from Eastern New Mexico University. The 12,865square foot property is currently operating at 88% occupancy andproducing a Net Operating Income (NOI) of $95,780, equating to a7.42% cap rate based on actuals.Value-Add/Upside: Current rents are below market. Adjusting rents tomarket levels positions the asset to achieve a projected 9.21% caprate. Other improvements include fenced yard space, online presenceand upgraded driveways.The property was completey renovated 4 years ago. Renovationsinclude new roofs, flooring, mini split HVAC systems, In-Unit washerand dryers, Bathroom vanities and lighting thoughout. A PropertyManagement company is in place to continue oversight.Historically, the property has demonstrated strong tenant demand andlow turnover. Proximity to ENMU supports consitent leasingperformance.

Listing Agent

Jacob Rocker

Real Estate Advisors, LLC License #52736 Listed on: 05/27/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,654

Year Built

  • Built in 1971

Interior Spaces

  • 12,865 Sq Ft Home
  • 1-Story Property

Utilities

  • Ductless Heating Or Cooling System
  • Refrigerated Cooling System
  • Heat Pump System
  • Separate Meters

Additional Features

  • No Interior Steps
  • 1.62 Acre Lot

Community Details

  • No Home Owners Association
  • 17 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,654

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Year Built: 1971
  • Prop. Type: Residential Income
  • Architectural Style: One Story
  • Garage Yn: No
  • ResoBuildingAreaSource: Estimated
  • Special Features: None

Interior Features

  • Accessibility Features: Not ADA Compliant
  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: No Interior Steps

Exterior Features

  • Disclosures: Lead Based Paint Disclosure

Utilities

  • Cooling: Ductless, Refrigerated
  • Utilities: Separate Meters
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Unknown
  • High School: Unknown
  • Middle Or Junior School: Unknown

Lot Info

  • Lot Size Acres: 1.62
  • Zoning: R-1, 2, 3, 4, 5, 6
  • Lot Size Sq Ft: 70349.4
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 17

Map

Range of Values:

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Average Value
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List Price
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
2024 $3,654 $144,093 $15,421 $128,672
2023 $3,654 $139,897 $15,421 $124,476
2022 $3,312 $135,822 $15,421 $120,401
2021 $2,889 $118,680 $15,421 $103,259
2020 $1,570 $64,301 $15,421 $48,880
2019 $1,570 $64,301 $15,421 $48,880
2018 $2,751 $112,332 $8,255 $104,077
2017 $2,672 $109,060 $7,257 $101,803
2016 $2,641 $105,884 $6,288 $99,596
2015 $2,510 $102,800 $5,346 $97,454
2011 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $1,290,000 -- $100 / Sq Ft
Source: Santa Fe Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Landmark Title Inc
Special Warranty Deed -- None Available
Warranty Deed -- Roosevelt County Title & Abs
Special Warranty Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 Construction
Source: Public Records

Source: Santa Fe Association of REALTORS®

MLS Number: 202502339

Santa Fe Association of REALTORS®

APN: 100000000607000

New Mexico Roosevelt County Portales 88130

806 W 16th St, Portales, NM

This home is located at 806 W 16th St, Portales, NM 88130 and is currently priced at $1,290,000, approximately $100 per square foot. This property was built in 1971. 806 W 16th St is a home with nearby schools including Brown Early Childhood Center, James Elementary School, and Valencia Elementary 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.

Santa Fe Association of REALTORS® The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Ten-X are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.

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Jacob Rocker
Listing Agent
Jacob Rocker
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Real Estate Advisors, LLC
(575) 210-5170