201 Lincoln Avenue
Grants, NM 87020
20
Bed
10
Bath
7,090Sqft
0.40Acre(Lot)
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
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 20Bathroom Information
Total Baths: 10 -
Flooring Information
Vinyl -
Interior Features
Appliances: Free-Standing Gas Range, Disposal, Microwave, Refrigerator Laundry Features: Laundry Room, Washer Hookup, Gas Dryer Hookup, In Unit -
Heating & Cooling
Has Heating: Yes Heating: Ductless Has Cooling: Yes Cooling: Ductless
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Building Information
Year Built: 1976 Building Area Total: 7090 Construction Materials: Brick, Frame Stories: 1 Private Pool: No -
Exterior Features
Exterior Features: Lighting
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Lot Information
Lot Size Acres: 0.4 Lot Size Source: Appraiser Lot Size Square Feet: 17424 Lot Description: Landscaped
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Listing Price Information
Listing Price: $1100000 Cash, Conventional
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Tax Information
Parcel Number: 2055062151437 Annual Tax: $6382
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Parking Information
Parking Total: 20
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Utility Information
Electricity Available, Natural Gas Available, Water Connected -
Location Information
Direction: on U.S. RT 66 take a right onto 1st St, make a right at Lincoln Ave Security Features: Security Gate
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ByOwner last updated this listing 07/22/2026 @ 06:54
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