Courtesy: NAI SunVista Commercial RE
505-504-8883
Offered at an asking price of $450,000, the property generates a compelling 6.77% cap rate, providing investors with immediate cash flow and long-term upside potential. Fully remodeled within the last five years, this six-unit property consists of three duplexes situated on a single lot and is 100% occupied as of February 2026. Featuring all 2-bedroom, 1-bathroom units, the property benefits from strong historical occupancy driven by its location less than a half-mile from Eastern New Mexico University, making it an attractive and proven student housing investment.
Portales is located in New Mexico. Portales, New Mexico has a population of 12,151. Portales is more family-centric than the surrounding county with 36.13% of the households containing married families with children. The county average for households married with children is 30.89%.
The median household income in Portales, New Mexico is $44,101. The median household income for the surrounding county is $47,897 compared to the national median of $69,021. The median age of people living in Portales is 27.1 years.
The average high temperature in July is 91.7 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 17.7 inches per year, with 8.2 inches of snow per year.
