Multifamily Commercial Real Estate for Sale in New Mexico

The Pines Apartments

2161 Stardust Ct #2100, Alamogordo, NM 88310

• $4.6M
• 32,329 SF building
• 1 ac
• 7.50% cap rate

The Pines Apartments is a 52-unit multifamily investment property located at 2161 Stardust Ct in Alamogordo, New Mexico. The property comprises approximately 32,329 square feet across seven buildings on 1.32 acres and is zoned R-4 for multiple-family dwelling use.The community has been recently renovated and updated, including interior renovations and a new roof installed in 2019. Unit amenities include washer and dryer hookups, fireplaces, and decks or patios. Studio units feature Murphy beds, and two-bedroom units include garages.The property is offered for sale at $4,625,000 and is reported at a 7.5% cap rate.52 total unitsFour single garagesFramed constructionParcel APNs: 01N4057094015453, 01N4057094021435, 01N4057094030452, 01N4057094030435, and 01N4057094041452

Sunport Apartments

1301 Wellesley Dr SE, Albuquerque, NM 87106

• $4.5M
• 28,600 SF building
• 2 ac
• 7.95% cap rate

Subject: Amazing chance to own golf course frontage community and provide affordable housing - 80 units only $56k per unit and 8.35% cap rate Good Morning!On behalf of the owners, NM Apartment Advisors and Maestas Real Estate Services, we are pleased to bring to market 1301-1325 Wellesley SE, a well-located 80-unit community located in Albuquerque’s Southeast Heights.The property is strategically positioned near two of New Mexico’s largest employment anchors, Kirtland Air Force Base and Sandia National Laboratories, and the Max-Q development providing convenient access to thousands of jobs in defense, technology, engineering and research. The property also benefits from sitting on the eastern edge of the Puerta Del Sol Public golf course. With a start price of $4,500,000 the property is being marketed well below the 2023 appraisal of $5,490,000 using the BID process. With current average rents of $615 per unit, the metrics of investment performance include a 7.63 GRM, 8.35% cap rate, 9.06% cash on cash and an out of the universe IRR. Portions of the property have an affordable housing component, which may convey with the property.The 14-page marketing flyer can be viewed at http://www.nmapartment.com/apt/NMAA-Well1301SE.pdf Property offering timeline:- 10/21/2026 – noon – Wednesday - property tour (RSVP for each person required)- 10/22/2026 – noon – Thursday - offer deadline. Qualified investors can RSVP for the tour and access the confidential document center by completing the online confidentiality agreement at https://redirect.nmapartment.com/sunport . Buyers can determine the Seller’s concession to Buyer that can be used to pay for the Buyers broker by emailing compensation@nmapartment.com with the listing number NMAA-2687325 in the subject line. Do not miss out on this once on a generation opportunity to own a large, golf course fronting and affordable apartment investment.Anita MaestasMaestas Real Estate Services505-463-3565anita@maestasrealty.comAnd Todd Clarke CCIM CIPsCEONM Apartment Advisors Inc.(505) 440-TODD -Golf course frontage-Low affordable rents-Priced below 2023 appraisal

18 B Destierro Trail

18 B Destierro Trail, Santa Fe, NM 87506

• $1.4M
• 4,122 SF building
• 2 ac

Tierra Sagrada is an extraordinary adobe compound just 20 minutes north of downtown Santa Fe, offering a rare opportunity for a private estate, family compound, wellness retreat, or boutique hospitality venture. This offering was once used as a retreat center. The property includes a 1,760-square-foot, three-bedroom main residence and a separate 2,362-square-foot, 6 bedroom hacienda dwelling, with two shared bathrooms and a shared kitchen living area with a grand fireplace and beams. This is a versatile configuration for extended family, guests, retreats, or additional living accommodations. Mature cottonwoods, fruit trees, tranquil fountains, flagstone pathways, and contemplative gardens create an atmosphere of serenity beneath the dramatic backdrop of the Las Barrancas Badlands and the Sangre de Cristo Mountains. Thick hand-stacked adobe walls, antique doors, and distinctive artisan details add authentic Santa Fe character throughout the property. A rare opportunity to create a private compound with exceptional character, flexibility, and a strong connection to the surrounding landscape. Subject to lot split; final acreage may change. Minimum lot size is 1.5 acres. The property is zoned residential. It can be used as a home based business or used as hospitality or retreat center as a conditional use.

901 7th St NW

901 7th St NW, Albuquerque, NM 87102

• $414.7K
• 1,995 SF building
• 0 ac

On behalf of the owners, NM Apartment Advisors and Deacon Property Services are pleased to present this charming downtown triplex. This property is located in Downtown Albuquerque, within walking distance to breweries, specialty coffee shops, restaurants, grocery stores, major bus routes, and the city's primary courthouses. Tucked behind a classic white picket fence, this unique triplex offers charm and character in a prime location just minutes from the energy of Downtown and Old Town Albuquerque. The main house is vacant and ready for an owner occupant - it contains a spacious one bedroom/ one bathroom unit with gleaming hardwood floors. Unit B is also a one bedroom with a large laundry room and Unit C has it's own yard space. Each unit includes washer/dryers. Disclosure: co-listing broker, Todd Clarke, has an ownership interest in the property. The same owner owns the property directly adjacent to the north--907 7th NW and intends to bring it to market Q4-2026 at $482,130. Savvy investors are using recent changes to the Federal Tax code to drive their effective tax rate close to 0%. Interested? Call Todd for more information or email for a PowerPoint/video case study.

3434 Thaxton SE

3434 Ross Ave SE, Albuquerque, NM 87106

• $1.1M
• 6,120 SF building
• 0 ac

Sams Place 29 Unit MFG Park

1 Thru 16 Sams Pl, La Luz, NM 88337

• $1.3M
• 3 ac
• 6.47% cap rate

Incredible VALUE-ADD investment opportunity in the heart of La Luz, New Mexico! Situated on approximately 3.46 acres, this manufactured housing property consists of 29 platted spaces and offers significant potential for continued improvement and increased rental income.Located just minutes from Alamogordo, residents enjoy convenient access to shopping, schools, employment, and other amenities while maintaining the quieter setting of La Luz. With existing rental income, ongoing renovations, separately metered utilities, and additional value-add potential across the 29 platted spaces, this property presents an opportunity for an investor to continue the current improvement strategy and expand the property’s income-producing potential. All these factors contribute to the pent up demad for these units. Rates have room to be increased based on area market.The property currently has 10 renovated homes that are 100% occupied and producing rental income. The seller has been systematically improving the property, completing approximately one full home renovation every three months with a single contractor. Each rehabilitation averages approximately $15,000 and includes substantial improvements such as roofing, plumbing, HVAC, and other necessary upgrades.The property features separately metered electric and community water service, allowing for streamlined utility management. Some homes have also been converted to all-electric service, with the seller continuing this approach as additional homes are renovated.Although the property contains 29 platted spaces, current Assessor records and drawings reflect approximately 20–21 spaces due to several existing manufactured homes being positioned across original lot lines. This creates a unique opportunity for a future owner to evaluate the property’s existing layout and potential long-term utilization. Current ownership reports approximately $1,200 annually in property taxes and approximately $1,200 annually for general liability insurance. Tenants handle their own trash disposal utilizing a public dump station located approximately one mile from the property, and the seller does not charge tenants separately for septic or trash service.