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1231 5th Street, 
Las Vegas, NM 87701

$320,000


Bed


Bath


1,500

Sq Ft


Multi-Family

Active

Listed by

Geneva Riggs

Homesmart Realty Pros

505-962-2121

Last updated:

February 10, 2026, 04:34 PM

MLS#

202600425

Source:

NM SFAR

About This Home

1231 5th Street

Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history. The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails. Located near New Mexico Highlands University, this property is strategically positioned for consistent demand. With a strong tax assessment history and steady value growth, this is a "set-it-and-forget-it" addition to any real estate portfolio. Whether you are looking for a reliable rental stream or a multi-generational living setup, this property is a must see.

Home Facts

Multi-Family

Built in 1941

Price Summary

320,000

$213 per Sq. Ft.

MLS #:

202600425

Last Updated:

February 10, 2026, 04:34 PM

Added:

12 day(s) ago


Rooms & Interior

Interior

Living Area:

1,500 Sq. Ft.


Structure

Structure

Architectural Style:

Multi Level

Building Area:

1,500 Sq. Ft.

Year Built:

1941


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$320,000

Price per Sq. Ft:

$213 per Sq. Ft.

Source:NM SFAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.