501 S Avenue G, Portales, NM 88130

501 S Avenue G

Portales, NM 88130

$450,000
$92/SqFt
2
Beds
1
Bath
4,872
SqFt Home
1
Story
1977
Year Built
21,000
SqFt Lot
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

About this property

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… Show more

Property details for 501 S Avenue G

Interior

Bedrooms Total: 2
Bathrooms Total: 1
Appliances: Free-Standing Gas Range, Microwave, Refrigerator
Flooring: Vinyl

Exterior and lot

Lot Size Acres: 0.48
Lot Size: 21,000 sqft

Building and construction

Property Type: Residential Income
Property Sub Type: Multi Family
Property Sub Type Additional: Multi Family
Building Area Total: 4,872 sqft
Year Built: 1977
New Construction: No
Levels: One
Number Of Units Total: 6
Stories: 1
Property Condition: Resale

Provisional

MLS #: 1104787
Listing Terms: Cash, Conventional, FHA, VA Loan
Number Of Buildings: 3
Tenant Pays: Electricity, Gas, Sewer, Water
Total Actual Rent: 4140

Area and schools

City: Portales
Postal Code: 88130
MLS Area Major: Roosevelt
County: Roosevelt
Parcel Number: 100000000528200

Utilities

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Cooling: Refrigerated
Heating: Forced Air
Heating (Y/N): Yes

Listing and financial details

Listing Date: June 3, 2026

Location

Directions: From US-70 in Portales, head south on S Main Ave. Turn west on W 5th Street, then south on S Avenue G. Property is located on the west side of S Avenue G at 501 S Avenue G.
Estimated Mortgage
$2,275/mo
Based on $90K down · 6.5% · 30yr
501 S Avenue G, Portales, NM 88130 listed as MLS #1104787. This 2 bedroom 4,872 sqft Multi Family built in 1977 located in Portales NM 88130. 501 S Avenue G is listed for $450,000 as MLS #1104787 courtesy of NAI SunVista Commercial RE Luke Scarpa.
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