Active

501 4th St #A-E

Dexter, NM 88230

$750,000 $3,162/Mo

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Overview

Bed

Bath

6,044

Sqft

1.32

Acres(Lot)

Description

Six units with an established rental history in the heart of Dexter! This unique investment property consists of two duplex buildings-four approximately 1,006 sq. ft. units-plus two detached residences of approximately 2,156 sq. ft. and 936 sq. ft. Five of the six units have undergone extensive renovations, including updated flooring, bathrooms, cabinetry, electrical and lighting, fascia, vaulted and special touches to add character and style. Vaulted ceilings enhance the renovated interiors, giving these residences an open, spacious feel rarely associated with traditional multifamily housing. Set within their own dedicated parking area, the property offers a residential atmosphere in the small agricultural community of Dexter, New Mexico. An established tenant history adds another dimens ion to this opportunity. Some residents have made these home for more than a decade. With six individual residences, substantial improvements already completed, and only one remaining unit awaiting renovation, this property presents an opportunity for an investor to step into an established rental property while retaining additional value-add potential.

Property Details

Property Type : Residential

Price : $750,000

AD Id : 91372385

MLS Id : 26001347

Beds : 13

Lot Size : 1.32 Acres

Living Area Size : 6,044 Sq. Ft

Tax Amount : $1,948

Year Built : 1980

County : Chaves

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 13

Bathroom Information

Total Baths: 6
Flooring Information

Carpet, Hardwood, Tile
Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Electric Cooling: None

Building Information

Year Built: 1980 Building Area Total: 6044 Private Pool: No

Lot Information

Main Square Feet: 1.32 Acres Lot Size Acres: 1.32 Lot Size Square Feet: 57499.2

Listing Price Information

Listing Price: $750000

Tax Information

Parcel Number: 4-145-076-318-114-00 Annual Tax: $1948 Tax Legal Desc: Subd: BURR Block: 8 Lot: S163.41FT N379.78FT W278.33FT/S53.63FT N270FT E140FT AKA TR 3 ON SURVEY BK S10 PG 70 BK:802 PG:477 WDJT (REC)

Utility Information

Water Available
Location Information

WaterSource: Public

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the New Mexico Association of Realtors.

ByOwner last updated this listing 10/10/2026 @ 16:07

MLS: 26001347 LISTED BY: Wendie Marley, REMAX First Place Realtors Roswell 575-622-7191 SOURCE: New Mexico MLS