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701 Lava Ave

Milan, NM 87021

$139,000 $586/Mo

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Overview

Bed

Bath

1,922

Sqft

0.38

Acre(Lot)

Description

This versatile duplex in Milan, New Mexico, presents a fantastic investment opportunity with two distinct units. The first unit features 3 bedrooms and 2 baths, while the second offers 2 bedrooms and 1 bath. In addition, the property includes a spacious lot, ideal for parking a manufactured home to add another income-generating unit.Each unit is equipped with separate electric and gas meters, ensuring independent utilities for tenants. Both units currently have long-term renters in place, providing steady income. Swamp coolers offer efficient cooling, while the durable metal roof enhances the property's longevity.

Property Details

Property Type : Residential Income

Price : $139,000

AD Id : 76098415

MLS Id : 1084438

Beds : 5

Lot Size : 0.38 Acre

Living Area Size : 1,922

Year Built : 1977

County : Cibola

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 3
Flooring Information

Carpet, Tile
Interior Features

Appliances: Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Central, Forced Air Has Cooling: Yes Cooling: Evaporative Cooling

Building Information

Year Built: 1977 Building Area Total: 1922 Construction Materials: Frame, Stucco Stories: 1 Private Pool: No

Lot Information

Lot Size Acres: 0.38 Lot Size Source: Estimated Lot Size Square Feet: 16553

Property Information

Subdivision: N/A Source Property Type: Residential Income Zoning Description: R-1 Property SubType: Duplex Levels: One Property Age: 49

Listing Price Information

Listing Price: $139000 Cash, Conventional, FHA

Tax Information

Parcel Number: 2058063110323 Annual Tax: $584.14

Utility Information

Natural Gas Available, Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
Location Information

Direction: Heading northwest on San Jose toward 3rd St. Turn right on 5th St. Turn left onto I-40/ W Sante Fe Ave/ U.S. Rte. 66. Turn left onto Milan St. Turn right onto Lava Ave. Sign on property.

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ByOwner last updated this listing 06/11/2026 @ 22:46

MLS: 1084438 LISTED BY: Anna Carabajal, Realty One of New Mexico 505-883-9400 SOURCE: Southwest MLS (Greater Albuquerque Association of REALTORS)