1231 5th Street
24 Photos
1231 5th Street
1231 5th Street
1231 5th Street
1231 5th Street
1231 5th Street
1231 5th Street

1231 5th Street

Las Vegas, NM 87701

$320,000
3 bd • 2 ba • 0.18 acres
2 Story
Stories
1941
Year Built
02/08/2026
Listing Date
1099154
Listing #
87701
Zip Code
San Miguel
County

About This Property

Rare opportunity to own a versatile income-producing property featuring two homes on a single lot. Perfectly suited for a savvy investor, this property offers an immediate and reliable cash flow with long-term tenants already in place who boast a stable and proven rental history. The primary residence and secondary unit combined offer approximately 1,500 sq. ft. of living space situated on a spacious 7,754 sq. ft. lot. Nestled in a quiet, well-established neighborhood, the property provides a serene setting that feels like a rural retreat while maintaining city convenience. Residents are within walking distance to local shops, restaurants, and the scenic Gallinas River and walking trails. Located near New Mexico Highlands University.

Interior

Bathrooms Total: 2
Interior Features: Ceiling Fan(s)
Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
Laundry Features: Washer Hookup, Dryer Hookup, In Unit
Flooring: Carpet, Tile, Wood

Building And Construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Year Built: 1941
Construction Materials: Brick, Block, Frame
Levels: Two
Number Of Units Total: 2
Stories: 2
Property Condition: Resale

Exterior And Lot

Lot Size Acres: 0.18
Lot Size Square Feet: 7,764 sqft

Provisional

MLS #: 1099154
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 2
Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Area And Schools

City: Las Vegas
Postal Code: 87701
MLS Area Major: San Miguel
Subdivision: Jose A & Aniceto Baca
County: San Miguel
Parcel Number: 1094092297091000000

Utilities

Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: None, Ceiling Fan(s)
Heating: Electric, Wall Furnace
Heating (Y/N): Yes

Location

Directions: From I-25 Northbound (Coming from Santa Fe) Take Exit 343 (I-25 Bus/NM-283/NM-329) toward Las Vegas. Turn left from the off-ramp onto Grand Ave. Continue on Grand Ave for approximately 0.8 miles. Turn left onto W National Ave. Turn right onto 5th St. The property will be on your left at 1231 5th St, just past the schools.

Mortgage Calculator

$
$
%
Monthly Payment**:
** All calculations are estimates and provided for informational purposes only. Actual amounts may vary.
Listing courtesy of HomeSmart Realty Pros
Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM