1855 Payne Street, Las Cruces, NM 88001

Local realty services provided by:Better Homes and Gardens Real Estate Steinborn & Associates
1855 Payne Street,Las Cruces, NM 88001
$249,500
  • 4 Beds
  • 2 Baths
  • 1,863 sq. ft.
  • Single family
  • Pending
Listed by:
  • Listing Agent0
    Vincent Bufanio(610) 392 - 3112
    Better Homes and Gardens Real Estate Steinborn & Associates
MLS#:2502353
Source:NM_LCAR

Price summary

  • Price:$249,500
  • Price per sq. ft.:$133.92

About this home

Turnkey Income Property with Value-Add Potential - 1855 Payne St | Las Cruces, NMLocated in the desirable University Hills neighborhood, just minutes from NMSU, shopping centers, schools, and hospitals, this well-maintained duplex offers a turnkey investment with strong current cash flow and room for upside. Each of the two units features 2 bedrooms and 1 full bathroom, with nearly identical layouts that provide both function and style for the occupants.The property is currently fully rented, bringing in $1,650 per month in rental income, with occupants paying all utilities separately. Each unit is individually metered and features its own driveway with street access, offering convenience. Inside, you'll find tile flooring throughout every room, granite kitchen countertops, wooden cabinetry, and a stone & tile backsplash in the bathroom that wraps into the tub/shower surround.Each unit includes its own laundry/utility room, adding convenience for residents.

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Home facts

  • Year built:1965
  • Listing Id #:2502353
  • Added:14 day(s) ago
  • Updated:August 14, 2025 at 08:43 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,863 sq. ft.

Structure and exterior

  • Roof:Gable/Hip, Minimum Pitch, Pitched, Shingle
  • Year built:1965
  • Building area:1,863 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$249,500
  • Price per sq. ft.:$133.92