210 W Dunnam Street
Hobbs, NM 88240
1
Bed
1
Bath
21,000Sqft
Dunnam Apartments is a 15-unit multifamily property located in Hobbs, New Mexico, offering strong in-place cash flow with significant value-add potential. The property currently generates approximately $164,250 in annual rental income with an estimated NOI of approximately $138,275, providing an attractive ~11.5% cap rate at the $1.2M asking price. The building contains approximately 21,000 square feet across two levels and produces an average rent of approximately $912 per unit, providing investors with opportunities for gradual rent increases. A unique feature of the property is a large downstairs area that could potentially be converted into additional apartment units or repurposed as commercial space, creating additional income opportunities. Preliminary projections indicate the pot
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 1Bathroom Information
Total Baths: 1 -
Heating & Cooling
Heating: None
-
Building Information
Building Area Total: 21000 Private Pool: No
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Lot Information
Lot Dimensions: 150' x 140' Main Square Feet: 21000 Square Feet Lot Size Acres: 0.4821 Lot Size Square Feet: 21000
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Listing Price Information
Listing Price: $1200000 Original Price: $1300000
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Tax Information
Parcel Number: 4000020180001 Tax Year: 2024 Annual Tax: $14952.59 Tax Legal Desc: Lot 19-24, Block 34, Orig Hobbs
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1515 E Scharbauer Street, Hobbs, NM, 88240 | $3,300,000 | 6 | 4 | -- | |
| 703 W Calle Sur St, Hobbs, NM, 88240 | $350,000 | -- | -- | -- | |
| 212 S Shipp Street, Hobbs, NM, 88240 | $975,000 | -- | -- | -- |
Similar Multifamily To 210 W Dunnam Street
Nearby For Sale
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 06/23/2026 @ 07:14
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