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Local Realty Service Provided By: Coldwell Banker High Desert Realty Co.
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1515 W 18th Street, 
Portales, NM 88130

$495,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Melinda Wilkinson

Keller Williams Realty - Cl/Ho

575-935-4040

Last updated:

January 4, 2026, 04:43 PM

MLS#

20256251

Source:

NM RANM

About This Home

1515 W 18th Street

ATTENTION INVESTORS! Great opportunity to own an eight-door apartment complex with consistently low turnover. Each unit features one bedroom, one bathroom, and a large walk-in closet. Kitchens come equipped with an electric range and refrigerator. Building 1 has a metal roof, while Building 2 features a composition roof. Utilities are separately metered, and tenants pay their own utilities. Each apartment offers central heat and air plus covered porches for added comfort. The property also includes 20 concrete block storage units (each approximately 10x10) with concrete foundations and metal roofs—a great additional income source or tenant amenity. Situated on a large lot with room to expand, this property offers excellent potential for future growth. Call today for more information!

Home Facts

Multi-Family

Price Summary

495,000

MLS #:

20256251

Last Updated:

January 4, 2026, 04:43 PM

Added:

2 month(s) ago

Lot

Lot Size (Sq. Ft):

40,000

Finances & Disclosures

Finances

Price:

$495,000

Source:NM RANM
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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.