1515 E Scharbauer Street
Hobbs, NM 88240
6
Bed
4
Bath
8.49Acres(Lot)
Sunrise Apartments | 32-Unit Multifamily Investment | Hobbs, NM Sunrise Apartments is a 32-unit multifamily community located at 1515 E. Scharbauer in Hobbs, New Mexico, with convenient access and visibility near Seminole Highway, one of the area’s primary corridors. The property offers strong in-place income, a desirable unit mix, and consistent rental demand in the Hobbs market. The community consists of 32 units with a unit mix that includes larger floorplans attractive to families and long-term tenants. Unit Mix 16 – 3 Bedroom units – Market rent ~$1,300 8 – 2 Bedroom units – Market rent ~$1,200 8 – 1 Bedroom units – Market rent ~$1,100 Income & Performance Gross Potential Rent: $470,400 annually Actual Rental Income (2025): $440,880 P&L Sunrise 2025 Average Monthly Income: ~$36,
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 4 -
Heating & Cooling
Heating: None
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Lot Information
Main Square Feet: 8.49 Acres Lot Size Acres: 8.49 Lot Size Square Feet: 369824.4 Lot Description: Irregular Lot
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Listing Price Information
Listing Price: $3300000 Original Price: $3500000
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Tax Information
Parcel Number: 4000041730001 Tax Year: 2025 Annual Tax: $37946.7 Tax Legal Desc: Exhibit A
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 703 W Calle Sur St, Hobbs, NM, 88240 | $350,000 | -- | -- | -- | |
| 212 S Shipp Street, Hobbs, NM, 88240 | $975,000 | -- | -- | -- | |
| 210 W Dunnam Street, Hobbs, NM, 88240 | $1,200,000 | 1 | 1 | 21,000 | 21,000 SqFt |
Similar Multifamily To 1515 E Scharbauer Street
Nearby For Sale
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ByOwner last updated this listing 06/20/2026 @ 07:50
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