$139,000
5 bds · 3 ba · 1,922 sqft
701 Lava, Milan, 87021
201 Lincoln Avenue
Grants, NM 87020
$1,100,000
$155/SqFt
20
Beds
10
Baths
7,090
SqFt Home
1
Story
1976
Year Built
17,424
SqFt Lot
Estimated Mortgage
$5,562/mo
Based on $220K down · 6.5% · 30yr
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… Show more
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.
Property details for 201 Lincoln Avenue
Interior
Bedrooms Total:
20
Bathrooms Total:
10
Appliances:
Free-Standing Gas Range, Disposal, Microwave, Refrigerator
Laundry Features:
Washer Hookup, Dryer Hookup, GasDryer Hookup, In Unit
Flooring:
Carpet Free, Vinyl
Exterior and lot
Lot Size Acres:
0.4
Lot Size:
17,424 sqft
Exterior Features:
Landscaping, Lighting
Parking Total:
20
Building and construction
Property Type:
Residential Income
Property Sub Type:
Multi Family
Property Sub Type Additional:
Multi Family
Building Area Total:
7,090 sqft
Year Built:
1976
Construction Materials:
Brick, Frame
New Construction:
No
Levels:
One
Number Of Units Total:
10
Stories:
1
Property Condition:
Resale
Provisional
MLS #:
1106959
Gross Income:
129000
Listing Terms:
Cash, Conventional
Number Of Buildings:
1
Operating Expense:
41000
Owner Pays:
Common Area Maintenance, Sewer, Trash Collection, Water
Tenant Pays:
Electricity, Gas
Total Actual Rent:
7950
Area and schools
Utilities
Utilities:
Electricity Available, Natural Gas Available, Water Connected
Cooling:
Ductless
Heating:
Ductless
Heating (Y/N):
Yes
Listing and financial details
Listing Date:
July 9, 2026
Location
Directions: on U.S. RT 66 take a right onto 1st St, make a right at Lincoln Ave
Estimated Mortgage
$5,562/mo
Based on $220K down · 6.5% · 30yr
Homes for sale similar to 201 Lincoln Avenue
201 Lincoln Avenue, Grants, NM 87020 listed as MLS #1106959.
This 20 bedroom 7,090 sqft Multi Family built in 1976
located in Grants NM 87020.
201 Lincoln Avenue is listed for $1,100,000 as MLS #1106959 courtesy of Weichert, Realtors Image Diana J Leal.
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