501 S Avenue G
Portales, NM 88130
2
Bed
1
Bath
4,872Sqft
0.48Acre(Lot)
Offered at an asking price of $450,000, the property generates a compelling 6.77% cap rate, providing investors with immediate cash flow and long-term upside potential. Fully remodeled within the last five years, this six-unit property consists of three duplexes situated on a single lot and is 100% occupied as of February 2026. Featuring all 2-bedroom, 1-bathroom units, the property benefits from strong historical occupancy driven by its location less than a half-mile from Eastern New Mexico University, making it an attractive and proven student housing investment.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total beds: 2Bathroom Information
Total Baths: 1 -
Flooring Information
Vinyl -
Interior Features
Appliances: Free-Standing Gas Range, Microwave, Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes
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Building Information
Year Built: 1977 Building Area Total: 4872 Stories: 1 Private Pool: No
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Lot Information
Lot Size Acres: 0.48 Lot Size Source: Public Records Lot Size Square Feet: 21000
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Listing Price Information
Listing Price: $450000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 100000000528200 Annual Tax: $2734.88
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Utility Information
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected -
Location Information
Direction: From US-70 in Portales, head south on S Main Ave. Turn west on W 5th Street, then south on S Avenue G. Property is located on the west side of S Avenue G at 501 S Avenue G.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 754A S Roosevelt Rd Q, Portales, NM, 88130 | $141,000 | -- | 2 | 1,024 | 1,024 SqFt |
| 1712 W 17th Street, Portales, NM, 88130 | $360,000 | 2 | 2 | 2,175 | 2,175 SqFt |
| 674 S Roosevelt Road T .., Portales, NM, 88130 | $210,000 | -- | -- | -- |
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ByOwner last updated this listing 06/21/2026 @ 18:31
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