1515 W 18th Street, Portales, NM 88130

Portales
Local realty services provided by:Better Homes and Gardens Real Estate Blu Realty
1515 W 18th Street,Portales, NM 88130
$495,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: melinda wilkinson
Office: keller williams realty - cl/ho
MLS#:20256251
Source:NM_RANM

Price summary

  • Price:$495,000

About this home

ATTENTION INVESTORS! Great opportunity to own an eight-door apartment complex with consistently low turnover. Each unit features one bedroom, one bathroom, and a large walk-in closet. Kitchens come equipped with an electric range and refrigerator. Building 1 has a metal roof, while Building 2 features a composition roof. Utilities are separately metered, and tenants pay their own utilities. Each apartment offers central heat and air plus covered porches for added comfort. The property also includes 20 concrete block storage units (each approximately 10x10) with concrete foundations and metal roofs—a great additional income source or tenant amenity. Situated on a large lot with room to expand, this property offers excellent potential for future growth. POSSIBLE OWNER FINANCNG W/ACCEPTABLE TERMS. Call today for more information!

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:20256251
  • Added:168 day(s) ago
  • Updated:April 18, 2026 at 03:12 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl
  • Kitchen Description:Free-Standing Range, Refrigerator

Heating and cooling

  • Cooling:Central Air, Electric, Refrigerated
  • Heating:FORCED AIR
  • Central air:Yes

Structure and exterior

  • Roof:Metal, Pitched, Shingle
  • Construction Materials:Brick
  • Levels:One

Utilities

  • Water:Meters (Water Separate), Water-City
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$495,000
  • Tax amount:$4,143 (2025)

Features and amenities

  • Appliances:Electric Water Heater, Free-Standing Range, Refrigerator
  • Amenities:Audio/Video Surveillance, Walk-In Closet(s)

New listings near 1515 W 18th Street