About This Home

This 20-bedroom, 0-bathroom residential multi family at 201 Lincoln Avenue in Grants, NM is listed for $1,100,000. Built in 1976, on a 0.40 acres lot.

Key Features

  • Built in 1976
  • 0.40 acre lot
  • 20 parking spaces

Property Details

10 full
20 spaces
1976
Listing Description

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. Conveniently located near I-40, shopping, schools, and local employers, this property offers stable cash flow with upside through increased occupancy and rental growth.

Monthly Cost Estimate

$5,883/mo

20% down · 6.5% · 30 years

Principal$796
Interest$4,767
Insurance$321

Estimates only. Actual payments may vary.

Location

201 Lincoln Avenue

Grants, NM 87020

Questions & Answers

This 20-bedroom, 0-bathroom residential multi family at 201 Lincoln Avenue is listed at $1,100,000. The estimated monthly payment is $5,883 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1976, 0.40 acre lot, 20 parking spaces.

This property is listed by Diana J Leal.

DL

Diana J Leal

License 54204

Agent at Weichert Realtors - Image

Listed by Weichert Realtors - Image · Broker phone: (505) 314-6181 · View on Broker Site · Broker website

MLS# 1106959· Source: Southwest MLS· 114 days on PropertySimple

Copyright © 2026 Southwest MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

201 Lincoln Avenue, Grants, NM 87020

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