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!

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Home facts

  • Listing ID #:20256251
  • Added:146 day(s) ago
  • Updated:March 19, 2026 at 04:01 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
  • Lot area:0.92 Acres
  • 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)

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