Skip main navigation
For sale
    • $1,100,000

    201 Lincoln Ave, Grants, NM 87020

    20beds
    10baths
    7,090sqft
    : 
    $7,093/mo
    Get pre-qualified
    Multi Family
    Built in 1976
    -- sqft lot
    $-- Zestimate®
    $155/sqft
    $-- HOA

    What's special

    Secure gated courtyardSpacious floor planLvp flooringTiled showersStainless steel appliancesQuartz countertopsGarbage disposals
    Value-add multifamily investment opportunity in Grants, NM featuring 10 renovated units with 80% occupancy and immediate lease-up potential. Each unit offers the same spacious floor plan with washer/dryer hookups, stainless steel appliances, quartz countertops, garbage disposals, LVP flooring, and tiled showers. New energy-efficient mini-split HVAC systems were installed property-wide in 2024. Residents enjoy a secure gated courtyard. An additional ~600 SF, 1-bedroom/1-bath unit was converted from a storage unit with washer/dryer hookups; this provides the opportunity to create an 11th income-producing unit, subject to completion. 11th unit is roughly 75% complete.
    17 days
    |
    125
    |
    4
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Diana J Leal 505-910-3320,

    Weichert, Realtors Image 505-365-6721

    Source: SWMLS,MLS#: 1106959MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 20
      • Bathrooms: 10
      Heating
      • Ductless
      Cooling
      • Ductless
      Appliances
      • Included: Free-Standing Gas Range, Disposal, Microwave, Refrigerator
      • Laundry: Washer Hookup, Dryer Hookup, GasDryer Hookup, In Unit
      Features
      • Flooring: Carpet Free, Vinyl
      Interior area
      • Total structure area: 7,090
      • Total interior livable area: 7,090 sqft

      Property

      Parking
      • Total spaces: 20
      Features
      • Levels: One
      • Stories: 1
      • Exterior features: Landscaping, Lighting
      Lot
      • Size: 0.4 Acres
      Details
      • Has additional parcels: Yes
      • Parcel number: 2055062151437
      • Zoning description: M-R

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Frame
      Condition
      • Resale
      • New construction: No
      • Year built: 1976

      Utilities & green energy

      • Utilities for property: Electricity Available, Natural Gas Available, Water Connected
      Green energy
      • Energy generation: None

      Community & HOA

      Community
      • Security: Security Gate
      Location
      • Region: Grants

      Financial & listing details

      • Price per square foot: $155/sqft
      • Tax assessed value: $238,210
      • Annual tax amount: $6,382
      • Date on market: 7/9/2026
      • Cumulative days on market: 16 days
      • Listing terms: Cash,Conventional
      • Total actual rent: 7950
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/9/2026Listed for sale$1,100,000+100%$155/sqft
        Source: SWMLS #1106959 Report a problem
        4/7/2025Listing removed$995
        Source: Zillow Rentals Report a problem
        3/19/2025Listed for rent$995
        Source: Zillow Rentals Report a problem
        3/19/2025Listing removed$995
        Source: Zillow Rentals Report a problem
        2/2/2025Listed for rent$995
        Source: Zillow Rentals Report a problem
        4/12/2024Sold--
        Source: SWMLS #1041361 Report a problem
        2/21/2024Pending sale$550,000$78/sqft
        Source: SWMLS #1041361 Report a problem
        9/12/2023Listed for sale$550,000$78/sqft
        Source: SWMLS #1041361 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,617 +4.1%$79,403 +3%
        2023$2,513 -3.5%$77,091 +3%
        2022$2,606 +3.7%$74,845 +3%
        2021$2,513 +1.7%$72,666
        2020$2,472 -5.7%$72,666 +3.3%
        2018$2,621 -1.3%$70,338
        2017$2,654 $70,338 +3%
        2016-- $68,290
        2015$2,473 +2.2%$68,290 +2.7%
        2014$2,419 +88.7%$66,499 +3%
        2013$1,282 $64,562
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 87020

        Getting around

        37 / 100
        Car-Dependent
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Grants Topics

                Search
                Updates
                Favorites
                Plan
                Inbox