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501 S Avenue G, 
Portales, NM 88130

$450,000

2

Beds

1

Bath

4,872

Sq Ft

Multi-Family

Active

Listed by

Luke Scarpa

Nai Sunvista Commercial Re

505-878-0001

Last updated:

June 4, 2026, 06:43 PM

MLS#

1104787

Source:

NM SWMLS

About This Home

501 S Avenue G

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.

Home Facts

Multi-Family

1 Bath

2 Bedrooms

Built in 1977

Price Summary

450,000

$92 per Sq. Ft.

MLS #:

1104787

Last Updated:

June 4, 2026, 06:43 PM

Added:

4 month(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Interior

Living Area:

4,872 Sq. Ft.

Structure

Structure

Building Area:

4,872 Sq. Ft.

Year Built:

1977

Lot

Lot Size (Sq. Ft):

20,908

Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$92 per Sq. Ft.

Source:NM SWMLS
The information being provided by Greater Albuquerque Aor/Southwest Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Greater Albuquerque Aor/Southwest Mls All rights reserved.

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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.