$1,100,000
$155/sqftactive201 Lincoln Avenue, Grants, NM 87020
Beds
20
Baths
10
Sqft
7,090
Lot
17,424 sqft
Built
1976
Type
multi family
About This Property
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.
Features & Amenities
Property Details
| MLS # | 1106959 |
| Property Type | multi family |
| Year Built | 1976 |
| Heating | Ductless |
| Cooling | Ductless |
| Lot Size | 17,424 sqft |
| Property Tax (est.) | $6,382/yr ($532/mo) |
| Price / Sqft | $155 |
| Status | Active |
| Days on Market | 0 |
Listing courtesy of Weichert, Realtors Image. © 2026 Southwest Multiple Listing Service, Inc. All rights reserved. Listing data provided by SWMLS IDX. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
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