Investor special with multiple income streams and strong upside potential! This property sits on a large lot and includes a primary single-family residence plus a mobil home, making it ideal for rental income, multi-tenant use, or a live-in investment strategy. The main home is in rentable condition with updated flooring, neutral paint, and functional layoutminimizing upfront rehab costs. Additional units/structures provide immediate or future income opportunities, with room to increase rents and improve overall returns. The expansive lot allows for easy access, ample parking, and potential for further improvements or reconfiguration to maximize cash flow.
For sale
$220,000
1327 S Perry Dr, Hobbs, NM 88240
2beds
1,208sqft
Single Family Residence
Built in 1955
-- sqft lot
$-- Zestimate®
$182/sqft
$-- HOA
What's special
Ample parkingExpansive lotNeutral paintFunctional layoutUpdated flooringLarge lot
- 101 days |
- 146 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Denice Chavez 575-552-5372,
Casa Oasis Realty 575-393-8058
Source: New Mexico MLS,MLS#: 20262010
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,208
- Total interior livable area: 1,208 sqft
Property
Lot
- Topography: Irregular Lot
Details
- Parcel number: 4000791040001
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Pitched
Condition
- Year built: 1955
Utilities & green energy
- Utilities for property: Electricity Connected, Sewer Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Hobbs
Financial & listing details
- Price per square foot: $182/sqft
- Tax assessed value: $23,478
- Annual tax amount: $1,979
- Date on market: 4/5/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,520/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/8/2026 | Listed for sale | $220,000$182/sqft |
Source:  New Mexico MLS #20262010 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $157 +2.8% | $7,826 +3% |
| 2024 | $153 +2.7% | $7,598 +3% |
| 2023 | $149 +5.5% | $7,376 +3% |
| 2022 | $141 +4.5% | $7,161 +3% |
| 2021 | $135 +1.5% | $6,952 |
| 2020 | $133 +1.7% | $6,952 |
| 2019 | $131 -12.4% | $6,952 +21.6% |
| 2018 | $149 -14.6% | $5,715 -66.7% |
| 2017 | $175 +16.1% | $17,145 |
| 2016 | $151 | $17,145 |
| 2015 | $151 | $17,145 |
| 2014 | -- | $17,145 +28.8% |
| 2013 | -- | $13,314 +3% |
| 2012 | -- | $12,927 +3% |
| 2011 | -- | $12,549 +3% |
| 2010 | -- | $12,183 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 88240
Nearby schools
GreatSchools rating
- 5/10Southern Heights Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Heizer Middle SchoolGrades: 6-8Distance: 0.5 mi
- 8/10Hobbs High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: None/Other
- Middle: None/Other
- High: None/Other
Source: New Mexico MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $126,100-- bd-- ba1k sqft1325 S Perry Dr, Hobbs, NM 88240Off Market
- $76,200-- bd-- ba768 sqft1325 S Perry Dr, Hobbs, NM 88240Off Market
- $153,100-- bd-- ba1.2k sqft1331 S Perry Dr, Hobbs, NM 88240Off Market
- $130,000-- bd-- ba1.2k sqft1220 S McKinley St, Hobbs, NM 88240Off Market
- $142,300-- bd-- ba1.1k sqft1321 S Perry Dr, Hobbs, NM 88240Off Market
- $173,3003 bd2 ba1.1k sqft1222 S McKinley St, Hobbs, NM 88240Off Market
- $160,900-- bd-- ba1.2k sqft1218 S McKinley St, Hobbs, NM 88240Off Market
- $98,300-- bd-- ba728 sqft1337 S Perry Dr, Hobbs, NM 88240Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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